Clean Science and Technology Limited has accepted the resignation of Sanjay Kothari as Non-Executive Non-Independent Director effective June 10, 2026. The resignation was submitted due to his pre-occupation, and the Board confirmed there are no other material reasons or circumstances associated with the departure. The company stated that the move does not impact the Board composition as per Regulation 17 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Companies Act, 2013.

The Board of Directors approved the resignation through a resolution passed by circulation on June 10, 2026. Kothari has served on the Board since nearly the company's inception and also resigned from all committees of the Board on which he served. He confirmed that the resignation is solely due to the stated reasons.

Regulatory Disclosures

The intimation was made to the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was also made in accordance with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Director Details

Members of the promoter group of clean science & technology will transfer 2,00,38,000 equity shares, representing 18.86% of the paid-up share capital, via inter-se gift on or after June 6, 2026. The transactions involve Ashok Ramnarayan Boob, Asha Ashok Boob, and Nilima Krishnakumar Boob transferring shares to ARB Business Trust, AAB Business Trust, and Alaknanda Business Trust. The transfer aims to streamline the family's assets and businesses, and the aggregate holding of the promoter and promoter group remains unchanged before and after the transaction.

The transfers fall under the exemption provided by Regulation 10(1)(a)(ii) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. As the transactions are gifts, no consideration is involved. The company confirmed receipt of the information from the acquirers on June 1, 2026.

Shareholding Pattern

The disclosure details the shift in shareholding between donors and donees within the promoter group. The following table outlines the proposed transfers:

Transaction Details

The acquisition involves equity shares of Re. 1 each. The acquirers have confirmed compliance with the applicable disclosure requirements under Chapter V of the Takeover Regulations. Prior to the transaction, ARB Business Trust held 100 shares (0.00%), which will increase to 33,00,100 shares (3.11%) post-transfer. AAB Business Trust held 100 shares (0.00%), which will increase to 1,01,00,100 shares (9.50%). Alaknanda Business Trust held 100 shares (0.00%), which will increase to 58,00,100 shares (5.46%).

Conversely, Ashok Ramnarayan Boob's holding will decrease from 36,71,510 shares (3.45%) to 3,71,510 shares (0.35%). Mrs. Asha Ashok Boob's holding will decrease from 1,01,98,392 shares (9.60%) to 98,392 shares (0.09%). Mrs. Nilima Krishnakumar Boob's holding will decrease from 67,29,986 shares (6.33%) to 91,986 shares (0.09%).

A note in the disclosure states that Asha Ashok Boob is in the process of an additional inter-se transfer, pursuant to which she proposes to receive a gift of 8,38,000 shares from Mrs. Nilima Krishnakumar Boob. Upon completion of that transfer, her total shareholding will increase to 9,36,392 shares, representing 0.88% of the total share capital.