Clean science & technology Limited has announced key managerial personnel appointments effective from April 1, 2026, following approvals from shareholders through different governance processes. The specialty chemicals company communicated these leadership changes to stock exchanges under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Leadership Appointments Overview

The company has made three significant appointments to strengthen its executive leadership team:

Approval Process and Timeline

The appointments received shareholder approval through established corporate governance processes. Mr. Krishnakumar Boob's re-appointment as Whole-Time Director was approved during the Annual General Meeting held on September 11, 2025, securing his position for a five-year term from April 1, 2026 to March 31, 2031.

The appointments of Mr. Ashok Boob and Mr. Siddhartha Sikchi were approved through Postal Ballot dated December 16, 2025. Mr. Ashok Boob will serve as Whole Time Director – Executive Vice Chairman from April 1, 2026 up to July 27, 2027, while Mr. Siddhartha Sikchi's tenure as Managing Director extends from April 1, 2026 to March 31, 2031.

Executive Profiles and Experience

All three appointees bring substantial industry experience and have been instrumental in the company's development. Mr. Krishnakumar Boob holds a bachelor's degree in pharmacy from the University of Bombay and brings around three decades of chemical industry experience. He previously worked as a director at Mangalam Drugs and Organics Limited and currently holds 2,12,000 equity shares representing 0.20% stake in the company.

Mr. Ashok Boob, who holds a bachelor's degree in chemical engineering from the Institute of Chemical Technology, Mumbai, brings close to 50 years of chemical industry experience. As a career-technocrat and promoter director, he has been instrumental in the company's expansion since inception, holding 36,71,510 equity shares constituting 3.45% of the company.

Mr. Siddhartha Sikchi holds a Master's degree in Science in Organic Chemistry from University of Manitoba, Canada, and a Bachelor's degree in Chemical Technology from Institute of Chemical Technology, Mumbai. With around two decades of specialty chemical industry experience, he holds 57,50,425 equity shares representing 5.41% of the company.

Corporate Governance Roles

The appointees serve on various board committees, enhancing corporate governance structure:

Regulatory Compliance

The company confirmed that all three appointees meet regulatory requirements and are not debarred from holding director positions by SEBI or any other authority, as required under BSE and NSE circulars dated June 20, 2018. The appointments reflect the company's commitment to maintaining experienced leadership while ensuring compliance with corporate governance standards.

Clean Science and Technology Limited has allotted 800 equity shares to eligible employees under its Employee Stock Option Scheme 2021 (CSTL ESOS 2021) on 17th March, 2026. The allotment was approved by the company's Nomination and Remuneration Committee through circular resolution in compliance with SEBI regulations.

Share Allotment Details

The equity shares were issued with specific pricing parameters that reflect the company's current market valuation:

Impact on Share Capital

The allotment has resulted in an increase in the company's paid-up share capital structure:

Regulatory Compliance

The allotment was conducted pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has previously received in-principle approvals from both BSE and NSE for its employee stock option scheme:

• BSE Approvals: 1,00,000 equity shares approved on 9th June, 2022, and 2,50,000 equity shares approved on 25th September, 2023
• NSE Approvals: 1,00,000 equity shares approved on 16th June, 2022, and 2,50,000 equity shares approved on 25th September, 2023

Share Characteristics

The newly allotted equity shares carry the same rights and privileges as existing shares. All equity shares allotted under the exercise of options rank pari passu with the existing shares of the company. The shares are issued in demat form under ISIN number INE227W01023 and are listed on both BSE (scrip code: 543318) and NSE (trading symbol: CLEAN).

The allotment demonstrates the company's commitment to employee participation in its growth story through structured stock option schemes, providing eligible employees with ownership stakes in the organization.