Updates

September 23, 2026 BSE Limited, National Stock Exchange of India Limited, Department of Corporate Services, The Listing Department, Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Mumbai-400001 Mumbai-400051 Scrip Code: 544545 Symbol: TRUALT Sub: Board comments on fine levied by the Exchange Dear Sir/Madam, This is in reference to your letters/emails dated August 25, 2026 and August 14, 2026 received by the Company for non-compliance under Regulation 17(1) & Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As advised in your letter, the notice of non-compliance was duly placed before the Board of Directors of the Company. The Board, at its meeting held on Tuesday, September 22, 2026, took note of the communications received from National Stock Exchange of India Limited (“NSE”) and BSE Limited (“BSE”) regarding non-compliance with Regulation 17(1) & 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) and the fines levied thereon. The Board noted that the Company had initiated the process for appointment of a Woman Independent Director and had made continuous and bona fide efforts to identify and appoint a suitable candidate having the requisite qualifications, experience, skills, independence and expertise relevant to the business and requirements of the Company. During the course of the selection process, the Company approached and evaluated various prospective candidates; however, the process took longer than anticipated due to the need to identify a candidate who could satisfy the business and applicable statutory/regulatory requirements. The Board further noted that the delay was not intentional and there was no deliberate disregard of the applicable regulatory requirements on the part of the Company. The Company had been actively pursuing the matter and took all reasonable steps within its control to achieve compliance at the earliest possible opportunity. Upon finalisation of a suitable candidate and completion of the requisite evaluation, the Company appointed Dr. Sarvamangala R. Patil as an Additional Director in the category of Non-Executive Independent Woman Director at its meeting held on September 22, 2026, thereby restoring compliance with the applicable requirement under Regulation 17(1) of the Listing Regulations. With respect to the non-compliance under Regulation 29 of the Listing Regulations relating to prior intimation of the meeting of the Board of Directors, the Board noted that the instance occurred due to an inadvertent lapse in the process of providing the prescribed prior intimation to the Stock Exchanges within the stipulated timeline. The lapse was procedural in nature and was not intentional. The Board also noted that the Company has paid the applicable fine/levy imposed by the Stock Exchanges in respect of the said non-compliances. The Board confirms that the matter has now been complied with and also advised the Management to take abundant caution in the future in timely complying with the Listing Regulations. The Company remains committed to strong governance and regulatory adherence. Thanking you, Yours faithfully, For TruAlt Bioenergy Limited Monu Kumar Company Secretary and Compliance Officer M. No. 38853 Encl.: As above NSE/LIST-SOP/COMB/FINES/0954 August 25, 2026 The Company Secretary TruAlt Bioenergy Limited Dear Sir/Madam, Subject: Notice for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Your attention is drawn towards SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 (“Master Circular”) issued on July 11, 2023 and last updated on January 30, 2026 (hereinafter referred to as "Master Circular"), specifying Standard Operating Procedure for imposing fines and suspension of trading in case of non-compliance with the Listing Regulations. On verification of the Exchange records, it has been observed that your Company has not complied/delayed complied with certain Listing Regulation(s). The details of non-compliance(s)/delayed compliance(s), total fine payable by your Company and the particulars about manner in which fine should be remitted to the Exchange is enclosed as Annexure. You are requested to inform the Promoters about identified non-compliance/delayed compliance and to ensure compliance with respective regulation(s) and make the payment of fines within 15 days from the date of this notice, failing which the Exchange may initiate following actions as per Master Circular: 1. Initiate freezing of entire shareholding of the Promoters in the Company as well as in other securities held in the Demat account of the Promoters. 2. Trading in securities of your Company shall take place on a 'Trade for Trade' basis, in case of consecutive default with Regulations 17(1), 18(1) and 27(2) of the Listing Regulations i.e., Shifting of trading in securities to Z Category as per Master Circular. Upon receipt of this review notice, the Company may file the waiver request. Below are the parameters for filing the application for waiver: a) Waiver applications sent via mail is not considered. The Company is requested to submit waiver application on the below mentioned path: NEAPS>>Compliance>>Fine Waiver>>Waiver Request. b) Detailed submission indicating reasons for waiver, mentioning whether it intends to seek personal hearing before the concerned Committee. c) Further, compliance is a pre-requisite for applying for waiver. Thus, waiver application of the non-complied Companies will not be processed without achieving the compliance. This Document is Digitally Signed by Sonam Yadav Tue, Aug 25, 2026 22:36:22 IST d) In case the Company is non-compliant under multiple regulations, the Company is advised to file a single application mentioning the details of all the respective regulations and quarters for which the Company intends to apply for waiver. e) Non-refundable Processing fees for an amount of Rs.10,000 plus 18% GST to be paid to the designated Exchange, (as segregated between the Exchanges as per the policy for waiver of fines) only if the fine amount is more than Rs. 5,000/- exclusive of GST. However, before filing an application for waiver of fines, you are requested to refer to the below policy available on the Exchange’s website. For ready reference you may refer below link: Policy on processing of waiver application: https://nsearchives.nseindia.com//web/circular/2026- 01/Policy_for_waiver_of_fines_Final1_20260113193131.pdf Further, as per Master Circular, your Company is also required to ensure that the said non-compliance which has been identified by the Exchange and subsequent action taken by the Exchange in this regard shall be placed before the Board in the next Board Meeting and comments made by the Board shall be duly informed to the Exchange at the below mentioned path in NEAPS portal along with this letter for dissemination having the announcement text as 'Board comments on fine levied by the Exchange'. Path: NEAPS > COMPLIANCE > Announcements > Announcements/ CA (Subject: Updates) In case of any clarification, you may send an email on listingsop@nse.co.in or contact any of the below mentioned Exchange Officers from Listing Compliance Department: Ms. Komal Singh Ms. Madhu Kadam Ms. Chanchal Daga (Waiver request) Ms. Neha Salvi (Waiver request) Yours faithfully, For National Stock Exchange of India Limited Sonam Yadav Manager This Document is Digitally Signed by Sonam Yadav Tue, Aug 25, 2026 22:36:22 IST Annexure Fine amount per day No. of days of non- Fine Regulation Quarter (Rs.) / Fine amount per compliance / No. of amount instance (Rs.) instance(s) (Rs.) REGULATION 30-Jun- 5000 91 455000 17(1) 2026 Total Fine 455000 GST @18% 81900 Total Fine Payable (Inclusive of GST) 536900* * In case the Company is non-compliant as on the date of this letter then fine amount will keep on increasing every da [Showing first 8,000 characters — download PDF for full document]