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True Green Bio Energy Ltd has issued notice for its 21st AGM to be held on Monday, September 29, 2025 at 3:30 PM through video conferencing. Ordinary business includes adoption of audited financial statements for FY ending March 31, 2025 and re-appointment of Mr. Rajan Shrivastava (DIN: 10461210), who retires by rotation. Special business covers appointment of M/s. K. Jatin & Co. as Secretarial Auditors for five years (FY 2025-26 to 2029-30) at Rs. 40,000 per annum, and appointment of Mr. Suresh Chatterjee (DIN: 03565196) as a new Non-Executive Independent Director for a first term of five years. Ms. Pooja Shah (DIN: 7441428) and Mr. Chintan Patel (DIN: 7243695) are being re-appointed as Independent Directors for a second term of five years each, effective September 14, 2025 to September 13, 2030. Shareholders are also being asked to approve related party transactions for FY 2025-26 with Chiripal Polyfilm Ltd (up to Rs. 250 crore each for receipts/payments), Chiripal Industries Ltd (Rs. 250 crore each), and Nandan Denims Ltd (Rs. 50 crore each). E-voting runs from September 25 to September 27, 2025, with a cut-off date of September 19, 2025.
Most items are routine governance matters, but the proposed related party transaction limits are sizeable — up to Rs. 250 crore per related party — which shareholders should review given the promoter-group connections (Mr. Jyotiprasad Chiripal is a common director). Board continuity is maintained through re-appointments of two independent directors, while a new independent director with tax/legal background is being inducted.