Our Company was originally incorporated as "TruAlt Energy Limited" as a public company under the Companies Act, 2013, pursuant to a certificate of incorporation dated on March 31, 2021, by the Registrar of Companies, Karnataka at Bangalore ("RoC"). The name of our Company was subsequently changed to "TruAlt Bioenergy Limited", to reflect the nature of business of our Company, pursuant to a special resolution passed in the extraordinary general meeting of the Shareholders held on June 1, 2022, pursuant to which a fresh certificate of incorporation consequent upon change of name was issued by the RoC on July 1, 2022.
Major Events and Milestones: 2021 - Incorporation of our Company
2022 - Acquired distillery facilities, TBL Unit 1, TBL Unit 2 and TBL Unit 3 having installed ethanol production capacities of 150 KLPD, 240 KLPD and 200 KLPD, respectively (as of March 31, 2022), by way of business transfer agreements each dated September 26, 2022 - The installed ethanol production capacity of TBL Unit 2 increased from 240 KLPD to 500 KLPD
2023 - The installed ethanol production capacity of TBL Unit 1 increased from 150 KLPD to 700 KLPD - Acquisition of majority shareholding in Leafiniti Bioenergy Private Limited
2024 - On January 2, 2024, our Company entered into a non-binding term sheet with GAIL (India) Limited for investing in the share capital of Leafiniti Bioenergy Private Limited, the wholly owned Subsidiary of our Company, such that GAIL (India) Limited shall hold 49% of the shareholding of Leafiniti, for setting up nine additional compressed bio-gas projects, subject to due diligence and receipt of requisite approvals. - On October 25, 2024, our Company entered into a memorandum of association with Sumitomo Corporation Asia & Oceania Pte. Ltd. for potential collaboration in the bioenergy sector - On November 18, 2024, our Company entered into a non-binding memorandum of understanding with a Japanese trading and investment company and a Japanese gas company to establish a joint venture for setting up multiple CBG plants starting from three to five CBG plants in different parts of India
2025 -The Company entered into a non-binding term sheet with Sumitomo Corporation Asia & Oceania Pte. Ltd. for potential collaboration in the bioenergy sector -The Company entered into a share subscription cum shareholders' agreement with GAIL (India) Limited and Leafiniti, pursuant to which GAIL (India) Limited shall subscribe to 49% of the equity share capital of Leafiniti -The Company signed a memorandum of understanding with the Andhra Pradhesh Govt to set up s sustainabile aviation fuel plant.
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