Clean Science & Technology , a leading specialty chemicals manufacturer, has released its financial results for the second quarter of fiscal year 2026, along with proposing significant board changes.

Financial Highlights

Clean Science & Technology Limited reported consolidated revenue of INR 238.00 crore for Q2 FY2026, representing a 3% year-over-year increase. The company maintained resilient EBITDA margins at 38.2% for the quarter.

For the first half of FY2026 (H1):

The performance segment's share in the revenue mix increased to 36% in H1 FY2026, up from 30% in the previous year, driven by higher sales of HALS series products. Raw material costs as a percentage of revenue stood at 37.5% for H1 FY2026.

Operational Highlights

• The company maintains a debt-free balance sheet.
• Clean Science & Technology has commercialized the largest HALS facility in India through its subsidiary Clean Fino Chem Ltd.
• Chemical trials for performance chemical 1 are currently underway.
• Construction for performance chemical 2 remains on track.

Board Resolutions and Proposed Changes

The company's Board has recommended several resolutions for shareholder approval through postal ballot:

1. Continuation of Ms. Madhu Dubhashi as Independent Director beyond age 75
2. Re-appointment of Mr. Keval Doshi for a second five-year term as Independent Director
3. Appointment of two new Independent Directors:
   • Mr. Raj Kamal
   • Ms. Pallavi Gokhale
4. Designation changes for executive directors:
   • Mr. Ashok Boob: From Managing Director to Whole Time Director-Executive Vice Chairman
   • Mr. Siddhartha Sikchi: From Whole Time Director to Managing Director

Postal Ballot Details

The e-voting period for the postal ballot is scheduled from November 17, 2025 to December 16, 2025.

Market Implications

The financial results and proposed board changes present a comprehensive update for investors and market analysts. The proposed changes in board composition and executive roles indicate a potential strategic shift in the company's leadership structure.

The appointment of new independent directors and the continuation of existing ones beyond typical age limits suggest a focus on maintaining experienced oversight while also bringing in fresh perspectives.

The transition of Mr. Ashok Boob to Executive Vice Chairman and Mr. Siddhartha Sikchi to Managing Director represents a significant change in the top management, which could influence the company's strategic direction going forward.

Investors and stakeholders will likely be watching closely to see how these changes, if approved, may impact Clean Science & Technology's operations and market position in the specialty chemicals sector.

Clean Science & Technology continues to be a significant player in the specialty chemicals market, and these developments remain relevant for those tracking the chemical industry and manufacturing sector in India.

Clean Science & Technology Limited (CSTL) has announced its intention to strengthen its board composition by recommending the appointment of two additional independent directors. This strategic move aims to enhance board diversity and support the company's long-term planning initiatives.

Board Expansion Plans

The management of Clean Science & Technology has decided to propose the induction of two new independent directors to its Board. This decision reflects the company's commitment to maintaining a balanced and diverse leadership structure, which is crucial for effective corporate governance and strategic decision-making.

Timeline and Approval Process

According to the company's intimation to the stock exchanges:

1. The Nomination and Remuneration Committee will consider the recommendation in its upcoming meeting scheduled for November 2025.
2. Following the committee's review, the proposal will be presented to the Board of Directors for their approval.
3. The final step in the appointment process will involve seeking shareholder approval through special resolutions.

Management's Perspective

The management of Clean Science & Technology emphasized that this move is aimed at:

• Balancing the diversity of the Board
• Supporting long-term strategic planning

These objectives underscore the company's focus on maintaining a well-rounded leadership team capable of navigating future challenges and opportunities in the specialty chemicals sector.

Regulatory Compliance

The company has duly informed the BSE Limited and the National Stock Exchange of India Limited about this intention, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that all stakeholders are kept informed about significant changes in the company's governance structure.

Conclusion

The proposed addition of two independent directors to Clean Science & Technology's Board signals the company's proactive approach to corporate governance. As the process unfolds in the coming months, stakeholders will be keenly watching how these potential appointments might influence the company's strategic direction and operational excellence in the specialty chemicals industry.