Subsidiary Details
- Name of Subsidiary: CLN Energy Solutions
- Location: Arab Republic of Egypt
- Date of Incorporation: September 22, 2026
- Industry: Assembly of lithium battery / chemical sector
Investment Details
- Investment Amount: USD 2 million (equivalent to AED/Egyptian pound 100 million)
- Consideration Type: Cash consideration
- Ownership Structure:
- 99% shares subscribed by C L N General Trading L.L.C Dubai (UAE) - wholly-owned subsidiary of CLN Energy Limited
- 1% by Mr. Rajiv Seth
Related Party Status
CLN Energy Solutions is a related party of CLN Energy Limited as it is promoted by C L N General Trading L.L.C, which is a wholly-owned subsidiary and step-down subsidiary of the company.
Business Purpose and Impact
The acquisition is aligned with the company's main business objectives and is intended to:
- Strengthen the company's presence in the energy solutions sector
- Support manufacturing of lithium-ion batteries across Egypt
- Facilitate operational synergies and future business growth
Regulatory Approvals
No governmental or regulatory approvals required for the acquisition.
Additional Information
- Size/Turnover: Not applicable (newly incorporated entity)
- Historical turnover: Not applicable
- Indicative time period for completion: Not applicable
The disclosure was made by Bhavika Mundra, Company Secretary & Compliance Officer of CLN Energy Limited, through a letter addressed to BSE Limited dated September 22, 2026, with reference to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.