Clean Science & Technology Limited, a prominent player in the specialty chemicals sector, has announced the completion of a significant inter-se transfer of equity shares within its promoter group. The company disclosed that promoter group members have transferred 1,78,89,476 equity shares, representing a 16.84% stake, through gift transactions among immediate relatives.

Key Details of the Transfer

• Nature of Transfer: Off-market inter-se transfer through gift transactions
• Total Shares Involved: 1,78,89,476 equity shares (16.84% stake)
• Financial Consideration: No monetary consideration involved

Breakdown of the Transfer

The transfer was executed among several promoter group members:

While specific transferors and exact share quantities for each transferee were not provided, the company confirmed that some promoter group members reduced their holdings as part of this redistribution.

Regulatory Compliance

The company has stated that this inter-se transfer falls within the exemption provided under SEBI regulations. 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 remains unchanged before and after the transaction.

Impact on Shareholding

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

• The overall promoter group holding remains unaffected.
• There is 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 completed transfer in compliance with regulatory requirements. This development represents an internal reorganization within the promoter group, with no immediate impact on the company's operations or public shareholding structure.

Clean Science & Technology Limited has successfully completed its postal ballot process on December 16, 2025, with shareholders overwhelmingly approving all six proposed resolutions for board restructuring and leadership transition. The voting results demonstrate strong shareholder confidence in the company's governance reforms, with 79.40% of total shares participating in the remote e-voting process.

Postal Ballot Results Overview

The company received substantial shareholder participation during the remote e-voting period from November 17 to December 16, 2025. All resolutions secured the requisite majority, reflecting broad-based support for the proposed changes across all shareholder categories.

Board Restructuring Approved

Shareholders approved several key changes to the board composition with overwhelming support. Ms. Madhu Dubhashi's directorship will continue beyond her 75th birthday on February 6, 2026, until February 19, 2026. Mr. Keval Navinchandra Doshi secured re-appointment as Non-executive Independent Director for a second five-year term from February 6, 2026, to February 5, 2031.

Two new appointments were approved - Mr. Raj Kamal and Ms. Pallavi Gokhale, both for five-year terms from November 6, 2025, to November 5, 2030, as Non-executive Independent Directors.

Leadership Transition Confirmed

The company's planned leadership transition received strong shareholder endorsement across all categories:

Voting Process and Participation

The postal ballot was conducted under Regulation 44 of SEBI Listing Regulations, with Mr. Jayavant B. Bhave serving as the scrutinizer. The total number of members on record date (November 10, 2025) was 2,49,493, with significant participation across all shareholder categories.

These approved resolutions will reshape Clean Science and Technology's leadership structure for the coming years, ensuring continuity in governance while bringing fresh perspectives through new independent directors. The overwhelming shareholder support demonstrates confidence in the company's strategic direction and management capabilities in the specialty chemicals sector.