Transaction Details
- Event Date & Time: 24th June, 2026 at 02:45 PM (IST)
- Transaction Type: Subscription to Rights Issue of Clean Fino-Chem Limited (CFCL)
- Number of Shares: 8,36,121 Equity Shares
- Face Value: ₹10 per share
- Premium per Share: ₹588
- Total Investment Amount: ₹50,00,00,358 (Fifty Crores Three Hundred and Fifty-Eight Only)
- Share Ranking: The newly subscribed shares shall rank pari passu with existing equity shares
Subsidiary Information
- Entity: Clean Fino-Chem Limited (CFCL)
- Incorporation Date: 22nd March, 2022
- Relationship: Wholly Owned Subsidiary of Clean Science and Technology Limited
- Industry: Speciality Chemicals
- Business Activity: Manufacture and sale of speciality chemicals
- Geographic Presence: India
Financial Performance of CFCL (Turnover)
- 31st March, 2026: ₹166 Crore
- 31st March, 2025: ₹46.77 Crore
- 31st March, 2024: ₹1.92 Crore
Transaction Characteristics
- Consideration Type: 100% cash subscription
- Percentage of Shareholding Acquired: 100%
- Related Party Transaction: Yes, CFCL is a related party of Clean Science and Technology Limited
- Arm's Length: The transaction was conducted at arm's length
- Promoter/Promoter Group Interest: No interest from promoters/promoter group/group companies beyond the disclosed transaction
Purpose and Impact
- Object of Acquisition: The additional capital will be primarily used for funding CFCL's projects
- Business Alignment: CFCL operates within the main line of business of the listed entity (speciality chemicals)
Regulatory Aspects
- Government/Regulatory Approvals Required: Not Applicable
- Time Period for Completion: Not Applicable
- SEBI Reference: Regulation 30 of SEBI Listing Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026
Historical Context
This disclosure follows previous intimations dated 14th March, 2022, 20th October, 2022, 3rd February, 2024, 30th January, 2025 and 14th May, 2026 regarding investments in the subsidiary.