Trading Symbol
CLEAN (NSE)
Clean Science and Technology Limited submitted a regulatory disclosure under Regulation 30 of SEBI LODR Regulations regarding the incorporation of a new subsidiary.
Entity Structure
Upon incorporation, the proposed Netherlands entity will be:
- Wholly owned subsidiary of Clean-Fino Chem Limited
- Step-down subsidiary of Clean Science and Technology Limited
Proposed Entity Details
- Name Options: Clean Science BV, Clean Science International BV, Clean Science and Technology BV, or other name to be finalized with relevant authorities
- Country of Incorporation: Netherlands
- Industry: Speciality Chemicals
- Business Activities: Selling/distribution/trading/job work of specialty chemicals and related products/activities
Capital and Financial Details
- Initial Capital: EUR 50,000 (or INR equivalent)
- Infusion Method: To be infused in one or more tranches
- Share Price: EUR 1 per share
- Regulatory Approvals: None required (stated as "NA")
Ownership Structure
The proposed entity will be incorporated as a wholly owned subsidiary of Clean-Fino Chem Limited, maintaining 100% ownership control.
Incorporation Timeline
The incorporation process will be initiated following board approval. The company will inform exchanges about the registered name and other details after completion of incorporation.