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.

Clean Science and Technology Limited has confirmed that no new encumbrances were created on its shares by the promoters or promoter group during the financial year ended March 31, 2026. The disclosure, submitted to BSE Limited and National Stock Exchange of India Limited, states that no encumbrance has been made directly or indirectly other than those already disclosed to the stock exchanges during the year. The filing was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The declaration was submitted by Ashok Ramnarayan Boob on behalf of the promoters and promoter group. The document provides a comprehensive list of all entities covered under the declaration, categorizing them as either Promoters or members of the Promoter Group. The list includes key individuals and various business trusts associated with the company's leadership.

Promoters and Promoter Group Entities

The following table details the entities on whose behalf the declaration was submitted:

The filing, signed by Company Secretary & Compliance Officer Ruchita Vij, was submitted on April 6, 2026. Ashok Ramnarayan Boob affirmed that the disclosure submitted is true and correct.