Trualt Bioenergy Limited ("Company") has entered into a Joint Venture Agreement (JVA) and Share Purchase Agreement (SPA), with Sumitomo Corporation, marking a pivotal milestone in accelerating India's compressed biogas (CBG) ecosystem. The collaboration aims to develop and scale a robust network of commercial CBG plants. The initial phase includes four CBG production facilities, with scope for additional plants as outlined in the Joint Venture Agreement.
The business includes the production, sales, and distribution of CBG, along with value-accretive by-products such as fermented organic manure, biogenic CO2, and carbon credits. By combining TruAlt's integrated bioenergy expertise with Sumitomo Corporation's global industrial experience, the partnership strengthens India's clean energy transition, promotes circular bioeconomy solutions, and lays the foundation for a future-ready sustainable fuel infrastructure. In this regard, details as required under Regulation 30 of the SEBI LODR Regulations read with SEBI Master Circular No.
SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are enclosed as Annexure-A. The Joint Venture will facilitate large-scale adoption of clean energy solutions, reduction of carbon footprint, and promotion of a circular economy, in line with the Government of India's CBG and renewable energy policies. Under the proposed structure, the Company shall hold a 51% equity stake, and Sumitomo Corporation shall hold a 49% equity stake in the Joint Venture Company Viz. Trualt Gas Private Limited, ensuring that the Company retains management control in compliance with domestic regulatory requirements.
Simultaneously, the Company has also signed a Share Purchase Agreement (SPA) with Sumitomo Corporation, Japan, Nirani Holdings Private Limited and Trualt Gas Private Limited wherein the Nirani Holdings. Private Limited shall transfer its entire 49% shares held in TGPL to Sumitomo Corporation on such terms and conditions as mentioned in the said agreement., Shareholding, if any, in the entity with whom the agreement is executed, The Company holds 51% shares of Joint Venture Company Viz. TruAlt's integrated bio energy expertise with Sumitomo Corporation' global industrial experience, the partnership strengthen India's clean energy transition, promote circular bioeconomy solutions,and lays the foundation for a future - sustainable fuel infrastructure.
