Clean Science and Technology Limited Updates Authorized Persons for Material Event Disclosures

1 min read     Updated on 17 Apr 2026, 08:41 PM
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Clean Science and Technology Limited has updated its authorized personnel list for determining materiality of events under SEBI Listing Regulations through a Board resolution dated April 17, 2026. The company designated five key executives including Managing Director Siddhartha Sikchi, Whole-time Director Ashok Boob, CFO Sanjay Parnerkar, President-Commercials Pratik Bora, and Company Secretary Ruchita Vij for making material event disclosures to stock exchanges.

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Clean Science & Technology Limited has updated its list of authorized persons responsible for determining the materiality of events under SEBI regulations. The company informed both BSE Limited and National Stock Exchange of India Limited about these changes through an official communication dated April 17, 2026.

Board Approval and Regulatory Compliance

The Board of Directors approved the updates through a circular resolution dated April 17, 2026, in accordance with Regulation 30(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015. This update follows the company's earlier intimations dated August 9, 2021, February 2, 2023, and August 1, 2024, demonstrating ongoing compliance with regulatory requirements.

Authorized Personnel Details

The company has designated five key executives as authorized persons for making material event disclosures to stock exchanges:

Sr. No Name Designation Contact Details
1 Mr. Siddhartha Sikchi Managing Director Tel: +91 20 41264761, Email: compliance@cleanscience.co.in
2 Mr. Ashok Boob Whole-time Director-Executive Vice-Chairman -
3 Mr. Sanjay Parnerkar Chief Financial Officer -
4 Mr. Pratik Bora President- Commercials -
5 Ms. Ruchita Vij Company Secretary and Compliance Officer -

Corporate Governance Framework

This authorization update strengthens the company's corporate governance framework by clearly defining the personnel responsible for evaluating and disclosing material events. The designated officials span across key functional areas including management, finance, commercial operations, and compliance, ensuring comprehensive coverage of potential material events.

The communication was digitally signed by Company Secretary and Compliance Officer Ruchita Vij, reflecting the company's adoption of digital processes for regulatory communications. The company has requested both stock exchanges to take this information on record for future reference and compliance purposes.

Historical Stock Returns for Clean Science & Technology

1 Day5 Days1 Month6 Months1 Year5 Years
+1.41%+4.42%+7.82%-27.28%-37.25%-52.49%

What strategic developments or corporate actions might Clean Science be preparing for that necessitated this updated authorization structure?

How could the expanded list of authorized personnel impact the speed and transparency of material event disclosures to investors?

Will this governance restructuring influence Clean Science's ability to pursue potential mergers, acquisitions, or joint ventures in 2026?

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Clean Science Invests ₹50 Crore in Subsidiary Clean Fino-Chem via Rights Issue

1 min read     Updated on 09 Apr 2026, 04:29 AM
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Clean Science And Technology Limited has invested ₹50 crore in its wholly owned subsidiary Clean Fino-Chem Limited through a rights issue mechanism. The investment involves subscribing to 8.36 lakh equity shares at ₹598 per share (₹10 face value plus ₹588 premium) to fund specialty chemicals projects. Clean Fino-Chem, incorporated in 2022, has demonstrated strong growth with turnover increasing from nil in 2023 to ₹46.77 crore in 2025.

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Clean science & technology has announced a significant capital investment of ₹50 crore in its wholly owned subsidiary, Clean Fino-Chem Limited, through a structured rights issue mechanism. The investment was formalized on April 8, 2026, as disclosed in the company's regulatory filing under SEBI Listing Regulations.

Investment Structure and Details

The company has subscribed to additional equity shares in Clean Fino-Chem through a rights issue at premium pricing.

Parameter: Details
Total Investment: ₹50.00 crore
Number of Shares: 8.36 lakh
Face Value per Share: ₹10
Premium per Share: ₹588
Total Price per Share: ₹598
Subsidiary: Clean Fino-Chem Limited
Ownership: 100% wholly owned

Subsidiary Performance and Background

Clean Fino-Chem Limited was incorporated on March 22, 2022, as a wholly owned subsidiary focused on manufacturing and selling specialty chemicals. The subsidiary has shown significant growth trajectory in recent years.

Financial Year: Turnover
March 31, 2025: ₹46.77 crore
March 31, 2024: ₹1.92 crore
March 31, 2023: Nil

Strategic Purpose and Impact

The capital infusion is specifically targeted toward funding the subsidiary's ongoing projects in the specialty chemicals sector. This investment reflects Clean Science And Tech's commitment to strengthening its subsidiary's operational capabilities and expanding its market presence in the specialty chemicals segment.

Regulatory Compliance

The transaction has been structured as a related party transaction conducted at arm's length pricing. The company has confirmed that promoters and group companies have no additional interest in this transaction beyond the stated investment. The newly issued equity shares will rank pari passu with existing equity shares of Clean Fino-Chem Limited.

Historical Stock Returns for Clean Science & Technology

1 Day5 Days1 Month6 Months1 Year5 Years
+1.41%+4.42%+7.82%-27.28%-37.25%-52.49%

What specific specialty chemical projects will Clean Fino-Chem prioritize with this ₹50 crore investment?

How will this capital injection impact Clean Science & Technology's consolidated financial performance in FY2027?

Could this investment signal Clean Science's strategy to establish more wholly-owned subsidiaries in adjacent chemical segments?

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