CLN Energy disclosed legal proceedings in Singapore against its Non-executive Director and Chairman, Rajiv Seth, in his personal capacity regarding a commercial dispute.

The company informed BSE on October 17, 2026, that it was made aware of these proceedings currently in process. Mr. Seth is contesting the case through legal counsel in Singapore, citing procedural irregularity and merits as grounds for defense.

Board clarifies lack of corporate impact

The Board of Directors confirmed that the legal actions are strictly against Mr. Seth personally and do not involve CLN Energy Limited. The disclosure emphasized two key points:

• The proceedings are against Mr. Rajiv Seth in his personal capacity, not against the company.
• The dispute does not involve any asset or liability of CLN Energy Limited.

Consequently, the company stated it does not expect these proceedings to have any impact on its operations, financial position, or business activities.

Disclosure and future updates

The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to ensure transparency. The company committed to making further disclosures if material developments arise, in accordance with applicable laws.

CLN Energy Limited has approved the preferential allotment of 2,50,000 equity shares to its promoter entity, CLN Energy PTE Limited, at an issue price of ₹423 per share. The transaction, sanctioned by the Board of Directors on October 5, 2026, resulted in the receipt of subscription money totaling ₹10,57,50,000.

The allotment was executed pursuant to Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the provisions of the Companies Act, 2013. The issue price comprises a face value of ₹10 per share and a premium of ₹413 per share, determined in accordance with pricing guidelines prescribed under Regulation 164 of the ICDR Regulations.

Capital structure impact

Following this issuance, the company’s paid-up capital will increase from ₹10,55,32,500 to ₹10,80,32,500. The total number of outstanding equity shares will rise from 1,05,53,250 to 1,08,03,250, with each share carrying a face value of ₹10 and being fully paid up.

What the Numbers Show

The entire tranche of 2,50,000 shares was subscribed by a single entity, CLN Energy PTE Limited, categorized as a promoter. This indicates that the capital infusion is entirely internal to the promoter group rather than sourced from external institutional or retail investors. The new equity shares rank pari passu with existing equity shares, ensuring equal rights for the newly issued stock regarding dividends and voting power.

The board meeting commenced at 4:30 pm and concluded at 5:00 pm on October 5, 2026. The disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular dated January 30, 2026.