Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, investment in wholly owned subsidiary
CLEAN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Clean Science and Technology Limited has subscribed to an additional 8,36,121 equity shares of its wholly owned subsidiary Clean Fino-Chem Limited (CFCL) at Rs. 10 face value plus Rs. 588 premium per share, investing a total of approximately Rs. 50.00 crore. The capital infusion is part of a Rights Issue and will be used primarily for funding CFCL's projects. CFCL, incorporated in March 2022, operates in the speciality chemicals space and reported a turnover of Rs. 46.77 crore in FY25, up from Rs. 1.92 crore in FY24, indicating a scaling-up phase. This is the latest in a series of capital infusions by Clean Science into CFCL, with prior subscriptions done in March 2022, October 2022, February 2024, January 2025, and January 2026.
This is a routine follow-on capital injection into a wholly owned subsidiary for project funding. While it signals continued investment and growth in CFCL's speciality chemicals business, the Rs. 50 crore size is manageable for Clean Science and unlikely to materially impact shareholder value in the short term. Investors should watch for progress on CFCL's project execution and revenue ramp-up.