Clean Science and Technology Subscribes to Shares in Wholly Owned Subsidiary Clean Fino-Chem Limited

Clean Science and Technology Subscribes to Shares in Wholly Owned Subsidiary Clean Fino-Chem Limited​

Clean Science and Technology Limited announced that it has subscribed to additional equity shares of its wholly owned subsidiary, Clean Fino-Chem Limited. The transaction involved the subscription of 8,36,121 Equity Shares of Rs.10/- (Rupees Ten each) at a premium of Rs. 588/- (Rupees Five Hundred and Eighty-Eight Only).

The subscription was executed in lieu of a subscription money aggregating to Rs. 50,00,00,358/- (Rupees Fifty Crores Three Hundred and Fifty-Eight Only) through the Rights Issue of Clean Fino-Chem Limited. These newly subscribed equity shares will rank pari passu with the existing equity shares of the company.

The details of the target entity, Clean Fino-Chem Limited, show that it was incorporated on March 22, 2022. Clean Science and Technology Limited is the parent entity for this subsidiary.

The additional capital raised through this issuance will be primarily utilized for funding the subsidiary's projects. Clean Fino-Chem Limited operates in the Speciality Chemicals industry.

Transaction Details​

The subscription involved a 100% acquisition of the equity share capital through cash consideration. The cost of acquisition was noted as equity shares with a face value of Rs. 10/- (Rupees Ten Only) each at a premium of Rs. 588/- (Rupees Five Hundred and Eighty-Eight Only) per share.

The transaction is described as being at arm's length, and while Clean Fino-Chem Limited is noted as a related party of Clean Science and Technology Limited, the promoters or promoter group companies do not have any interest in the transaction apart from what was mentioned.

The company confirmed that the transaction was not considered a related party transaction for the promoters or group companies in any capacity other than that noted.

Clean Fino-Chem Limited Background​

Clean Fino-Chem Limited, incorporated on March 22, 2022, focuses on the manufacturing and sale of speciality chemicals in India. The subsidiary's turnover for the last three financial years stood as follows:


The company executed the subscription for these shares on April 8, 2026, at 12:00 Noon (IST).

CLEAN Stock Price Movement​

Today, Clean Science and Technology Limited shares edged higher to close at ₹731.85, advancing 5.60% for the session. The stock finished with a notable trading volume of 432,809 shares, signaling strong buying interest through the close.

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