Clean Science & Technology subscribed to the rights issue of its wholly owned subsidiary, Clean Fino-Chem Limited, for ₹50 crore. The investment aims to fund ongoing projects at the speciality chemicals unit.

The company acquired 8,36,121 equity shares at a face value of ₹10 each with a premium of ₹588 per share. This transaction constitutes 100% subscription to the additional equity share capital in cash. The new shares rank pari passu with existing equity shares.

Subsidiary Performance and Capital Deployment

Clean Fino-Chem was incorporated on March 22, 2022, to manufacture and sell speciality chemicals. The subsidiary has shown rapid revenue expansion since inception. The additional capital is primarily designated for funding its projects.

Regulatory Disclosures

The transaction falls under related party transactions as Clean Fino-Chem is a wholly owned subsidiary. The company stated that the transaction is conducted at arm's length. No other promoter group entities hold an interest in this specific acquisition. The event occurred on September 23, 2026, at 12:30 pm.

Clean Science & Technology declared a final dividend of ₹4 per share at its 23rd Annual General Meeting held on September 12, 2026. The meeting also approved the appointment of a new whole-time director and the re-appointment of an existing one.

Dividend details

The company confirmed an interim dividend of ₹2 per share for FY26 alongside the final payout. The total dividend payout for the financial year ended March 31, 2026, stands at ₹6 per share.

Key resolutions passed

Shareholders approved all seven agenda items via remote e-voting and e-voting during the meeting. Key outcomes include:

• Adoption of audited standalone and consolidated financial statements for FY26.
• Re-appointment of Mr. Krishnakumar Ramnarayan Boob as Whole-Time Director.
• Appointment of Mr. Krishnakumar Satyanarain Saboo as Whole-Time Director for five years, effective August 1, 2026.
• Ratification of remuneration to cost auditors for FY27.
• Approval of commission payment to non-executive directors for FY27.

Voting participation

The promoter group held 54,512,845 shares and voted in favor of all resolutions. Public institutions held 30,653,643 shares, while public non-institutions held 21,117,633 shares. A total of 63 shareholders attended the meeting through video conferencing.

Resolution-wise voting highlights

• Financial Statements: Passed with nearly unanimous support (99.99% votes in favor).
• Dividend Declaration: Passed with 99.99% votes in favor.
• Director Appointments: Both director-related resolutions passed with over 99% support from promoters and significant backing from public shareholders.

All resolutions were conducted in compliance with SEBI (LODR) Regulations and the Companies Act, 2013.