Postal ballot results: leadership change and new director appointments approved

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CLEAN · price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.7%-0.2% vs market

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On the reaction day the stock moved 0.2 pts less than Nifty Smallcap 250 and 0.1 pts more than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Clean Science shareholders approved six resolutions via postal ballot on Dec 16, 2025. Siddhartha Sikchi elevated from Whole Time Director to Managing Director for 5 years from April 1, 2026. Ashok Boob moves from MD to Whole Time Director and Executive Vice Chairman till July 27, 2027. Also approved: reappointment of independent director Keval Doshi for 5 years, appointment of new independent directors Raj Kamal and Pallavi Gokhale, and continuation of Madhu Dubhashi. All six resolutions passed with over 91 percent votes in favor.

Likely market impact

Leadership transition effective April 1, 2026 with promoter Boob shifting to Executive Vice Chairman. Institutional investors showed notable dissent on Sikchi MD appointment, about 26 percent against.