Clean Science and Technology Approves Incorporation of New Wholly Owned Subsidiary in Netherlands
Clean Science and Technology Limited has announced the approval for the incorporation of a new entity in the Netherlands, aimed at expanding its international presence within the speciality chemicals market. The decision was made by the Board of Directors of the company.The newly incorporated entity will serve as a wholly owned subsidiary of Clean-Fino Chem Limited, which itself is a step down subsidiary of Clean Science and Technology Limited. This expansion allows the group to strengthen its position in the global chemical industry.
The proposed Dutch company will be engaged in the business of selling, distribution, trading, and job work related to speciality Chemicals and associated products or activities. The planned incorporation process is set to commence, with the name of the company—which may include options like Clean Science BV or Clean Science International BV—to be finalized with the relevant authorities.
Key operational details regarding the proposed Dutch entity have been established:
| Particulars | Details |
|---|---|
| Country of Incorporation | Netherlands |
| Industry Sector | Speciality Chemicals |
| Business Scope | Selling, distribution, trading, and job work of speciality Chemicals. |
| Initial Capitalization | Equivalent to EUR 50,000 (or INR equivalent) |
| Subscription Cost per Share | EUR 1/Share |
The entity will be incorporated with the intent of securing initial capital through tranches, in compliance with applicable local laws and requirements.
CLEAN Stock Price Movement
Clean Science and Technology Limited shares shed 1.38% in trading today, closing at ₹729.05 after shedding ₹10.15 from the previous close. The equity traded within a range of ₹723.75 to ₹741.05, with strong participation observed as over 160,838 shares were moved.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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