Announcement under Regulation 30(LODR) - Issue of Securities
Price
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CLN Energy's board approved issuing up to 3,60,000 equity shares on a preferential basis to its promoter group entity, CLN Energy PTE Limited, at a minimum price of Rs. 281 per share, subject to shareholder and regulatory approvals. This would raise approximately Rs. 10.12 crore to augment long-term financial resources. Post-issue, promoter holding will rise modestly from 72.60% to 73.50%, while public shareholding will dilute from 27.40% to 26.50%. A postal ballot will be conducted to seek shareholder approval. Additionally, the board appointed M/s. SARK and Associates LLP as Secretarial Auditor for FY 2024-25 and M/s. P M R Y & Co. as Internal Auditor for FY 2024-25 and 2025-26.
The preferential issue to the promoter signals promoter confidence and a modest capital infusion of around Rs. 10 crore, but it will slightly dilute public shareholders' stake. The fundraising size is small relative to the company's existing share base, so immediate price impact is likely limited. Auditing appointments are routine compliance matters.