Corrigendum to the Notice of 21st Annual General Meeting ("AGM") to the Shareholders of True Green Bio Energy Limited
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True Green Bio Energy Ltd (formerly CIL Nova Petrochemicals Ltd) has issued a corrigendum to its 21st AGM notice, correcting only the e-voting end date to Sunday, September 28, 2025 at 5:00 PM (previously written as Saturday, September 27, 2025). The AGM remains scheduled for Monday, September 29, 2025 at 3:30 PM via video conferencing. Shareholders are seeking approval for several items including adoption of FY25 audited financials, appointment of K. Jatin & Co as Secretarial Auditors for 5 years (FY26–FY30) at Rs. 40,000 per annum, appointment of Suresh Chatterjee as Independent Director, and re-appointment of Pooja Shah and Chintan Patel as Independent Directors for a second 5-year term. A key item is approval of related party transactions for FY26 with three Chiripal group companies — Chiripal Polyfilm Ltd (Rs. 250 cr each for receipts and payments), Chiripal Industries Ltd (Rs. 250 cr each), and Nandan Denims Ltd (Rs. 50 cr each) — totalling up to Rs. 1,100 crore in transaction limits. Director Jyotiprasad D. Chiripal and his relatives are common directors in these related party entities.
This is primarily an administrative correction with no change to the AGM agenda or business. Shareholders should note the corrected e-voting cutoff date (September 28, 2025). The related party transaction limits of up to Rs. 1,100 crore with promoter group entities are significant and warrant shareholder attention as they involve common directors.