True Green BioEnergy
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True Green Bio Energy disclosed that two of its promoters, Savitridevi V Chiripal and Vedprakash Devkinandan Chiripal, have received a final order from the Securities and Exchange Board of India dated June 30, 2026. The order, part of a broader action against 226 entities, imposes a monetary penalty of ₹5 lakh on each individual and restrains them from accessing the securities market, including buying or selling securities, for four years. The promoters received the order on July 1. The company stated that based on its assessment and legal advice, the order does not have any material financial or operational impact. The promoters reserve the right to appeal before the Securities Appellate Tribunal and the Supreme Court.
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True Green Bio Energy disclosed that two of its promoters, Savitridevi V Chiripal and Vedprakash Devkinandan Chiripal, have received a final order from the Securities and Exchange Board of India dated June 30, 2026. The order, part of a broader action against 226 entities, imposes a monetary penalty of ₹5 lakh on each individual and restrains them from accessing the securities market, including buying or selling securities, for four years. The promoters received the order on July 1. The company stated that based on its assessment and legal advice, the order does not have any material financial or operational impact. The promoters reserve the right to appeal before the Securities Appellate Tribunal and the Supreme Court.
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Sept 4 (Reuters) - CIL Nova Petrochemicals Ltd CNPL.BO:
TO ISSUE CONVERTIBLE WARRANTS WORTH UPTO 410 MILLION RUPEES
Source text for Eikon: ID:nBSE3wsLhb
Further company coverage: CNPL.BO
(Reporting by VijayDattaram Malkar)
(([email protected];))
Sept 4 (Reuters) - CIL Nova Petrochemicals Ltd CNPL.BO:
TO ISSUE CONVERTIBLE WARRANTS WORTH UPTO 410 MILLION RUPEES
Source text for Eikon: ID:nBSE3wsLhb
Further company coverage: CNPL.BO
(Reporting by VijayDattaram Malkar)
(([email protected];))
April 5 (Reuters) - CIL Nova Petrochemicals Ltd CNPL.BO:
APPROVED SALE OF POLYSTER YARN UNIT IN GUJARAT THROUGH SLUMP SALE VIA BUSINESS TRANSFER AGREEMENT
Source text for Eikon: ID:nBSE7W1xD8
Further company coverage: CNPL.BO
(([email protected];))
April 5 (Reuters) - CIL Nova Petrochemicals Ltd CNPL.BO:
APPROVED SALE OF POLYSTER YARN UNIT IN GUJARAT THROUGH SLUMP SALE VIA BUSINESS TRANSFER AGREEMENT
Source text for Eikon: ID:nBSE7W1xD8
Further company coverage: CNPL.BO
(([email protected];))
March 31 (Reuters) - CIL Nova Petrochemicals Ltd CNPL.BO:
APPROVED SALE OFF POLYSTER YARN UNIT OF CO IN AHMEDABAD
Source text for Eikon: ID:nBSE58pD3K
Further company coverage: CNPL.BO
(([email protected];))
March 31 (Reuters) - CIL Nova Petrochemicals Ltd CNPL.BO:
APPROVED SALE OFF POLYSTER YARN UNIT OF CO IN AHMEDABAD
Source text for Eikon: ID:nBSE58pD3K
Further company coverage: CNPL.BO
(([email protected];))
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What does True Green BioEnergy do?
CIL Nova Petrochemicals Limited, a leading producer of various types of yarn, emerged from Nova Petrochemicals Limited in April 2007 through a demerger.
Who are the competitors of True Green BioEnergy?
True Green BioEnergy major competitors are Sutlej Textiles&Inds, Nahar Ind.Enterprise, Rajapalayam Mills, Ginni Filaments, Jaybharat Textiles, Precot, Super Sales India. Market Cap of True Green BioEnergy is ₹620 Crs. While the median market cap of its peers are ₹603 Crs.
Is True Green BioEnergy financially stable compared to its competitors?
True Green BioEnergy seems to be less financially stable compared to its competitors. Altman Z score of True Green BioEnergy is 2.14 and is ranked 4 out of its 8 competitors.
Does True Green BioEnergy pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. True Green BioEnergy latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has True Green BioEnergy allocated its funds?
Companies resources are allocated to majorly unproductive assets like Capital Work in Progress
How strong is True Green BioEnergy balance sheet?
Balance sheet of True Green BioEnergy is moderately strong, But short term working capital might become an issue for this company.
Is the profitablity of True Green BioEnergy improving?
The profit is oscillating. The profit of True Green BioEnergy is ₹31.33 Crs for TTM, -₹2.19 Crs for Mar 2025 and ₹0.81 Crs for Mar 2024.
Is the debt of True Green BioEnergy increasing or decreasing?
Yes, The net debt of True Green BioEnergy is increasing. Latest net debt of True Green BioEnergy is ₹310 Crs as of Mar-26. This is greater than Mar-25 when it was ₹167 Crs.
Is True Green BioEnergy stock expensive?
True Green BioEnergy is not expensive. Latest PE of True Green BioEnergy is 19.78, while 3 year average PE is 32.94. Also latest EV/EBITDA of True Green BioEnergy is 15.31 while 3yr average is 319.
Has the share price of True Green BioEnergy grown faster than its competition?
True Green BioEnergy has given better returns compared to its competitors. True Green BioEnergy has grown at ~24.21% over the last 10yrs while peers have grown at a median rate of 5.79%
Is the promoter bullish about True Green BioEnergy?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in True Green BioEnergy is 61.27% and last quarter promoter holding is 61.27%.
Are mutual funds buying/selling True Green BioEnergy?
There is Insufficient data to gauge this.