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.

Clean Science & Technology Limited, a prominent player in the specialty chemicals sector, witnessed a significant change in its shareholding structure as six promoters collectively sold a 24% stake in the company through on-market transactions on August 21, 2025.

Transaction Details

The sellers, all part of the promoter group, included:

1. Krishnakumar Ramnarayan Boob
2. Nilima Krishnakumar Boob
3. Shradha Kariwala
4. Ashok Ramnarayan Boob
5. Asha Ashok Boob
6. Parth Ashok Maheshwari

Together, they disposed of approximately 2.55 crore shares of Clean Science & Technology Limited. This substantial sale was executed on both the BSE Limited and the National Stock Exchange of India Limited.

Impact on Promoter Holding

The transaction has led to a significant reduction in the promoter group's stake in the company:

• Before the sale: 74.97% of the company's equity
• After the sale: 50.97% of the company's equity

This represents a decrease of 24 percentage points in the promoter group's holding.

Individual Promoter Stakes Post-Transaction

Following the sale, the individual stakes of the selling promoters have been adjusted as follows:

Company's Financial Standing

While the promoter stake sale is a significant development, Clean Science & Technology Limited continues to maintain a strong financial position. In a recent update, CRISIL Ratings Limited reaffirmed the company's credit ratings on August 25, 2025:

• Long Term Rating: CRISIL AA-/Stable
• Short Term Rating: CRISIL A1+

These ratings indicate a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

Market Implications

The substantial stake sale by promoters could potentially impact market sentiment and may lead to increased trading activity in Clean Science & Technology Limited's shares. Investors and market analysts will likely be watching closely to see if this change in promoter holding leads to any shifts in the company's strategic direction or operational focus.

As of June 30, 2025, Clean Science & Technology Limited had a total of 10,62,67,259 equity shares outstanding, each with a face value of ₹1. The company continues to be listed on both the BSE and NSE, providing liquidity for its shareholders.