Clean Science Reports Q1 Results; Announces Director Appointment and Foreign Subsidiary Plans

Clean Science Reports Q1 Results; Announces Director Appointment and Foreign Subsidiary Plans​

Clean Science and Technology Ltd (CSTL) announced the approval of its unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026. The company’s Board of Directors held a meeting on August 01, 2026, during which it approved the results, decided on the convening of the 23rd Annual General Meeting (AGM), and made key decisions regarding its board structure and global expansion plans.

The Board also approved the co-option of Mr. Krishnakumar Satyanarain Saboo as an Additional Director. Furthermore, Clean Science announced that it will incorporate a wholly-owned foreign subsidiary in the Netherlands to support its business operations.

Q1 Financial Performance Highlights (Quarter Ended June 30, 2026)​

CSTL’s standalone performance for the quarter saw total revenue reach 2,281.89 million. The company maintained profitability with a profit after tax of 732.91 million.

Key figures from the unaudited standalone results are detailed below:

Governance Updates and Board Appointments​

The company approved the recommendation of Mr. Krishnakumar Satyanarain Saboo for shareholders' approval at the AGM. He was co-opted as an Additional Director of the Company, effective August 01, 2026, holding office until the date of the 23rd AGM.

The Board further recommended his appointment as a Whole-time Director for a period of five years, starting from August 01, 2026, to July 31, 2031. Mr. Saboo was also appointed as the Factory Occupier w.e.f. August 01, 2026.

Mr. Saboo, who is 62 years old and holds a B.Sc. Tech (ICT) from the University of Bombay, has over 37 years of experience in production planning, process improvement, piloting, project management, business development, and vendor development. He has been associated with Clean Science for more than 11 years and currently serves as Group President (Operations).

Strategic Expansion and Future Plans​

The Board also discussed the incorporation of a foreign subsidiary by Clean Fino-Chem Limited, which is a Wholly Owned Subsidiary (WOS) of CSTL. This new entity will be based in the Netherlands and specializes in Speciality Chemicals. The business scope includes selling, distribution, trading, and job work of specialty chemicals and related products.

Regarding international collaboration, the subsidiary, Clean Fino-Chem Limited, entered an agreement on July 16, 2026, with Geneus Chem AG, a company incorporated under Swiss law. The agreement focuses on manufacturing and supply of advanced grades of HALS Products globally, including minimum offtake commitments and pricing mechanism. In return for this collaboration, Geneus Chem AG has agreed to issue warrants to the subsidiary.

The Board also approved decisions related to the final dividend, which will be paid on September 30, 2026, to equity shareholders listed in the Register of Members as of September 5, 2026. The company’s register of members and share transfer books will be closed from September 5, 2026, to September 12, 2026, for this purpose.

CLEAN Stock Price Movement​

On Friday, shares of Clean Science and Technology Limited edged higher to settle at ₹734.05, posting a 0.78% gain as the stock closed for the day. The equity saw robust trading activity, with total volume recorded at 213,754 shares during the session.