Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, investment in Clean Fino-Chem Limited - wholly owned subsidiary
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Clean Science and Technology Limited has invested Rs. 33 crore in its wholly owned subsidiary Clean Fino-Chem Limited (CFCL) by subscribing to 5,51,840 equity shares at a face value of Rs. 10 and a premium of Rs. 588 per share through CFCL's rights issue. The funds will primarily be used by CFCL for its project funding needs. CFCL operates in the speciality chemicals space and was incorporated in March 2022, with its turnover growing sharply from Rs. 1.92 crore in FY24 to Rs. 46.77 crore in FY25. Since CFCL is already a 100% subsidiary, there is no change in ownership or control, and the transaction is being done at arm's length.
This is a routine capital infusion into the company's existing wholly owned subsidiary, so it has no direct impact on shareholding structure or stock price. However, it signals continued investment into CFCL's growth projects, which could benefit Clean Science's long-term earnings if the subsidiary scales up successfully.