TruAlt Bioenergy FY26 Results Resubmission with Strategic Updates

Date: June 23, 2026

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Board Meeting Outcomes

The Board of Directors approved the audited financial results at their meeting held on May 22, 2026.

Financial Results (Standalone & Consolidated)

Standalone Financial Results (₹ lakhs)

| Revenue from Operations | 60,322.11 | 70,302.26 | 89,927.45 | 1,70,465.34 | 1,88,011.66 |

| Other Income | 1,339.56 | 1,770.18 | 1,364.87 | 6,828.35 | 6,058.94 |

| Total Income | 61,661.67 | 72,072.44 | 91,292.32 | 1,77,293.69 | 1,94,070.60 |

| Total Expenses | 53,761.40 | 63,490.90 | 80,378.72 | 1,66,346.21 | 1,78,855.49 |

| Profit before Tax | 7,900.27 | 8,581.54 | 10,913.60 | 10,947.48 | 15,215.11 |

| Tax Expense | (2,227.12) | (1,979.64) | 109.21 | (2,944.48) | (1,153.58) |

| Profit for the period | 5,673.15 | 6,601.90 | 11,022.81 | 8,003.00 | 14,061.53 |

| Total Comprehensive Income | 5,883.26 | 6,606.57 | 11,018.18 | 8,026.20 | 14,061.89 |

| EPS - Basic (₹) | 6.62 | 7.70 | 15.60 | 10.23 | 20.08 |

| EPS - Diluted (₹) | 6.62 | 7.70 | 15.60 | 10.23 | 20.08 |

| Paid-up Equity Share Capital | 8,575.26 | 8,575.26 | 7,063.16 | 8,575.26 | 7,063.16 |

| Other Equity | - | - | - | 1,42,774.81 | 69,836.74 |

Consolidated Financial Results (₹ lakhs)

| Revenue from Operations | 59,551.97 | 71,323.75 | 90,698.87 | 1,72,750.66 | 1,90,772.40 |

| Other Income | 3,138.70 | 1,762.20 | 1,368.96 | 8,645.25 | 6,080.38 |

| Total Income | 62,690.67 | 73,085.95 | 92,067.83 | 1,81,395.91 | 1,96,852.78 |

| Total Expenses | 54,320.42 | 64,117.69 | 80,978.05 | 1,68,400.44 | 1,80,908.50 |

| Profit before Tax | 8,370.25 | 8,968.26 | 11,089.78 | 12,995.47 | 15,944.28 |

| Tax Expense | (2,275.28) | (2,049.31) | 79.58 | (3,308.49) | (1,280.43) |

| Profit for the period | 6,094.97 | 6,918.95 | 11,169.36 | 9,686.98 | 14,663.85 |

| Total Comprehensive Income | 6,104.80 | 6,923.78 | 11,164.66 | 9,710.18 | 14,664.25 |

| EPS - Basic (₹) | 6.99 | 8.07 | 15.81 | 12.30 | 20.94 |

| EPS - Diluted (₹) | 6.99 | 8.07 | 15.81 | 12.30 | 20.94 |

| Paid-up Equity Share Capital | 8,575.26 | 8,575.26 | 7,063.16 | 8,575.26 | 7,063.16 |

| Other Equity | - | - | - | 1,43,457.92 | 69,836.74 |

Cash Flow Highlights (Standalone)

Net cash used in operating activities: ₹(29,615.04) lakhs (FY26) vs ₹33,532.30 lakhs (FY25)
Net cash used in investing activities: ₹(35,838.67) lakhs (FY26) vs ₹(25,681.54) lakhs (FY25)
Net cash from financing activities: ₹55,476.59 lakhs (FY26) vs ₹5,193.82 lakhs (FY25)
Cash and cash equivalents at year-end: ₹4,805.55 lakhs (Mar 31, 2026) vs ₹14,782.67 lakhs (Mar 31, 2025)

Segment Performance (Consolidated FY26)

Disinvestment / Strategic Actions

Joint Venture with Sumitomo Corporation

Date: November 11, 2025 agreement
Transaction: Sumitomo Corporation acquired 49% equity interest in TruAlt Gas Private Limited
Execution: On April 16, 2026, Sumitomo acquired 1,13,77,743 equity shares at ₹30.90 per share from Nirani Holdings Private Limited
Business: Establishment of compressed biogas (CBG) plants at five locations
Status: Construction commenced at three sites, with commissioning expected in Q2 FY2027 (one plant) and Q3 FY2027 (remaining plants)

Joint Venture with GAIL (India) Limited

Date: March 18, 2026
Transaction: GAIL acquired 49% stake in Leafiniti Bioenergy Private Limited
Execution: Allotted 1,35,43,215 equity shares of ₹10 each at par, aggregating ₹13.54 crore
Result: Paid-up share capital increased to ₹27.64 crore, with TruAlt holding 51%

Honeywell Agreement for SAF Production

Date: January 28, 2026
Agreement: With Honeywell for Ethanol-to-Jet (ETJ) process technology
Project: Development of sustainable aviation fuel (SAF) production facility in India
Capacity: Approximately 80,000 tonnes per annum
Feedstock: Ethanol
Purpose: Diversification into SAF and renewable fuel markets

Other Operational / Legal / Strategic Disclosures

IPO Proceeds Utilization (as of March 31, 2026)

| Capex | 15,068 | 14,014 | 1,054 |

| Working Capital | 42,500 | 42,500 | 0 |

| General Corporate Purpose | 8,136 | 8,136 | 0 |

| Issue Expenses | 9,296 | 7,371 | 1,925 |

| Total | 75,000 | 72,021 | 2,979 |

Karnataka High Court Order

Date: February 4, 2026
Matter: Writ Petition regarding shortfall in supply of 1,56,292 kilolitres of ethanol to OMCs for ESY 2024-25
Outcome: Court allowed petition and directed respondents to consider company's representation for 90-day extension
Value: Approximately ₹1.075 crore
Expected Impact: Positive impact on revenues and financial performance for FY 2026-27

Dual-Feed Capacity Expansion

Purpose: Eliminate seasonality in ethanol business (April-October)
Capability: Use of maize and rice when sugarcane raw material not available
Implementation: Unit 1 (November 2025), Unit 2 (February 2026), Unit 4 (January 2026)
Status: Unit 5 non-operational pending Consent to Operate (CTO)

Labour Codes Implementation

Date: November 21, 2025 notification of four Labour Codes
Assessment: Existing compensation structure aligned with Code on Social Security, 2020 requirements
Impact: No additional impact determined from implementation
Monitoring: Continuing to monitor finalization of central/state rules and government clarifications

Accounting Treatment

The company has opted for section 115BAA
No current tax liability due to tax losses
MAT provisions not applicable
Previous period figures regrouped and reclassified where necessary