Clean Science & Technology Limited, a prominent player in the specialty chemicals sector, has disclosed plans for a significant inter-se transfer of equity shares within its promoter group. The company announced that promoter group members will transfer 1,78,49,476 equity shares, representing a 16.80% stake, through gift deeds among immediate relatives.

Key Details of the Transfer

• Transfer Date: On or after November 26, 2025
• Nature of Transfer: Off-market inter-se transfer through gift deeds
• Total Shares Involved: 1,78,49,476 equity shares (16.80% stake)
• Financial Consideration: No monetary consideration involved

Breakdown of the Transfer

The transfer will be executed among several promoter group members:

Regulatory Compliance

The company has stated that this inter-se transfer falls within the exemption provided under Regulation 10(1)(a)(i) and (ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. As per the disclosure:

• The transfer is among immediate relatives within the promoter group.
• It is an off-market transaction with no monetary consideration.
• The aggregate holding of the Promoter and Promoter Group will remain unchanged before and after the transaction.

Purpose of the Transfer

According to the company's statement, the primary rationale behind this transfer is to streamline the family's assets and businesses. This move suggests a strategic realignment of ownership within the promoter group, potentially aimed at optimizing the family's overall asset structure.

Impact on Shareholding

While the inter-se transfer involves a significant portion of the company's equity, it's important to note that:

• The overall promoter group holding will remain unaffected.
• There will be no change in the company's management or control.
• The transfer does not involve any external parties or public shareholders.

Clean Science & Technology has informed the stock exchanges about this proposed transfer in compliance with regulatory requirements. The company has emphasized that all conditions specified under the relevant SEBI regulations have been duly complied with.

Investors and market participants may view this development as an internal reorganization within the promoter group, with no immediate impact on the company's operations or public shareholding structure.

Clean Science & Technology Limited, a prominent player in the specialty chemicals sector, has initiated a significant board restructuring and leadership transition process. The company has issued a postal ballot notice seeking shareholder approval for six key resolutions that aim to reshape its governance structure and executive leadership.

Board Restructuring

The company is seeking approval for several changes to its board composition:

1. Continuation of Ms. Madhu Dubhashi: The company proposes to continue the directorship of Ms. Madhu Dubhashi as a Non-executive Independent Director beyond her 75th birthday on February 6, 2026, until the end of her current term on February 19, 2026.

2. Re-appointment of Mr. Keval Doshi: The resolution seeks to re-appoint Mr. Keval Navinchandra Doshi as a Non-executive Independent Director for a second term of five years, from February 6, 2026, to February 5, 2031.

3. Appointment of New Independent Directors: The company proposes to appoint two new Independent Directors:

   • Mr. Raj Kamal for a five-year term from November 6, 2025, to November 5, 2030.
   • Ms. Pallavi Gokhale for a five-year term from November 6, 2025, to November 5, 2030.

Leadership Transition

Clean Science and Technology is also planning a significant leadership change:

1. Mr. Ashok Boob's New Role: The company proposes to transition Mr. Ashok Ramnarayan Boob from his current position as Managing Director to the role of Whole Time Director - Executive Vice Chairman, effective April 1, 2026, until July 27, 2027.

2. New Managing Director: Mr. Siddhartha Ashok Sikchi is proposed to be elevated from his current position as Whole Time Director to Managing Director, effective April 1, 2026, for a five-year term until March 31, 2031.

Voting Process

Shareholders can cast their votes electronically through the remote e-voting system provided by NSDL. The e-voting period is scheduled from November 17, 2025 (9:00 a.m. IST) to December 16, 2025 (5:00 p.m. IST).

These proposed changes reflect Clean Science and Technology's commitment to maintaining strong corporate governance and ensuring a smooth leadership transition. The resolutions, if approved, will shape the company's leadership structure for the coming years, potentially influencing its strategic direction and operational execution.

Shareholders are encouraged to review the detailed postal ballot notice and exercise their voting rights on these crucial resolutions that will determine the future leadership and governance of the company.