Intimation under Regulation 30 of the Securities and Exchange Board of India ( Listing Obligations and Disclosure Requirements) Regulations, 2015.
ELPROINTL · price
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Elpro International Ltd has acquired 37,000 equity shares of Clean Science and Technology Limited for INR 4.04 Crores in cash, as an investment. Clean Science is a specialty chemicals manufacturer incorporated in 2003 with consolidated revenue of Rs 966.64 Crores and total income of Rs 1,005.23 Crores in FY24-25. Elpro held no shares previously, so this is a fresh acquisition. The acquisition is not a related party transaction and is being made purely for investment purposes, outside Elpro's main line of business.
This is a minor investment (Rs 4.04 Cr) in a listed specialty chemicals company and is unlikely to materially affect Elpro's financials or operations. Shareholders should view this as a treasury investment rather than a strategic shift.