Intimation under Regulation 30 of SEBI Listing Regulations, 2015, investment in Clean Fino-Chem Limited - Wholly owned subsidiary
Awaiting price reaction for this filing.
Clean Science and Technology Limited (CLEAN) has invested Rs. 33 crore (Rs. 33,00,00,320) into its wholly owned subsidiary Clean Fino-Chem Limited (CFCL) by subscribing to 5,51,840 additional equity shares at Rs. 598 per share (Rs. 10 face value plus Rs. 588 premium) through CFCL's Rights Issue. The funds will be used primarily for funding CFCL's projects in the specialty chemicals space. CFCL, incorporated in March 2022, has shown strong revenue growth, with turnover rising from Rs. 1.92 crore in FY24 to Rs. 46.77 crore in FY25. The transaction is a related party deal conducted at arm's length, and CSTL continues to hold 100% of CFCL.
This is an internal capital infusion into an existing wholly owned subsidiary, so it is unlikely to move the stock sharply on its own. However, it signals continued commitment to growing the subsidiary's specialty chemicals business, which could support long-term value creation if CFCL's strong revenue trajectory sustains.