Clean Science & Technology disclosed an inter-se transfer of equity shares among members of its promoter group via gift. The transfer was executed without consideration and reported to the stock exchanges in compliance with Regulation 10(7) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The aggregate holding of the promoter and promoter group remains unchanged at 18.86% of the total share capital following the transaction.

The company submitted the report to BSE Limited and the National Stock Exchange of India Limited on June 26, 2026. The filing detailed the off-market transfer of shares among the promoter and promoter group, specifically under Regulation 10(1)(a)(ii) of the SEBI SAST Regulations. The disclosures were filed under Application Nos. 702, 701, and 683 respectively on the SEBI Intermediary Portal between June 22 and June 23, 2026. An applicable fee of Rs. 1,50,000 plus 18% GST was paid to SEBI on June 23, 2026.

Transfer Details

The transfer involved four distinct transactions, moving shares from individual promoters to business trusts within the group. The total shares transferred represent 18.86% of the proposed shareholding.

Regulatory Compliance

The acquirers, including ARB Business Trust, AAB Business Trust, and Smt. Alaknanda Boob Business Trust, submitted necessary disclosures to the Securities and Exchange Board of India (SEBI). Ruchita Vij, Company Secretary and Compliance Officer of Clean Science and Technology Limited, signed the submission to the exchanges.

Clean Science and Technology Limited has subscribed to 8,36,121 equity shares of its wholly-owned subsidiary, Clean Fino-Chem Limited, via a rights issue. The subscription amount totals Rs 50,00,00,358, comprising shares of Rs 10 each at a premium of Rs 588 per share. This capital infusion is intended to fund the projects of the subsidiary, which operates in the speciality chemicals sector.

Transaction Details

The rights issue was fully subscribed by the parent company, ensuring the transaction was conducted at arm’s length. Clean Fino-Chem Limited, incorporated on March 22, 2022, remains a wholly-owned subsidiary following this investment.

Financial Performance

Clean Fino-Chem Limited has reported a significant increase in turnover over the last three financial years. The company recorded a turnover of Rs 166 crore for the year ended March 31, 2026, compared to Rs 46.77 crore in the previous year and Rs 1.92 crore in the year ended March 31, 2024.