Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, investment in wholly owned subsidiary
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Clean Science and Technology Limited (CSTL) has invested approximately Rs. 50.00 crores into its wholly owned subsidiary Clean Fino-Chem Limited (CFCL) by subscribing to 8,36,121 additional equity shares at a face value of Rs. 10 each with a premium of Rs. 588 per share, through CFCL's Rights Issue. The additional capital will be used primarily for funding projects of the subsidiary. CFCL, incorporated in March 2022, operates in the speciality chemicals space and reported a turnover of Rs. 46.77 crores in FY25, up from Rs. 1.92 crores in FY24. The transaction was carried out in cash at arm's length, with CSTL maintaining 100% shareholding in the subsidiary.
This is an internal capital infusion into a wholly owned subsidiary and does not change CSTL's ownership structure. Shareholders should view it as a sign of ongoing investment in CFCL's growth projects, which could benefit the parent company if the subsidiary scales up successfully.