Pursuant to Reg. 31 of SEBI (LODR), 2015 we hereby inform you that Chiripal Exim LLP and Devkinandan Corporation Promoter Group of the Company, has created a pledge on equity share of the Company .
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True Green Bio Energy Ltd informed the BSE that two promoter group entities — Chiripal Exim LLP and Devkinandan Corporation LLP — have created a pledge on equity shares of the company on 6 November 2025. Chiripal Exim LLP pledged 4,94,000 shares while Devkinandan Corporation LLP pledged 8,00,000 shares. Notably, the pledgee is the company itself (True Green Bio Energy Ltd), not an external lender, and the stated reason is a working capital facility. After this transaction, Chiripal Exim LLP has 57,41,000 shares pledged (18.92% of total share capital) and Devkinandan Corporation LLP has 45,57,747 shares pledged (16.26% of total share capital), taking the combined pledged holding to roughly 35% of the company's share capital.
Roughly one-third of the company's share capital is now pledged by the promoter group, which is a meaningful encumbrance and could concern shareholders about financial flexibility. However, the fact that the pledgee is the company itself (rather than an outside lender) suggests this is an inter-group arrangement, which may soften the negative read.