Clean Science’s Promoter Group Conducts Inter-Se Transfers of Equity Shares in Favor of Family Businesses
Clean Science and Technology Limited has seen multiple inter-se transfers of equity shares among its Promoter and Promoter Group members during June 2026. These transactions, conducted through off-market gifts, involve the transfer of substantial quantities of stock to various entities within the promoter group for the purpose of streamlining family assets and businesses.The transactions spanned several days in early June 2026, involving shares being gifted by individual members to related business trusts and group companies. The transfers were made without consideration.
Key aspects of these inter-se transfers, which involve Promoter Group members, are detailed below:
| Date | Transferor (Promoter) | Transferee (Acquirer/Business Trust) | Number of Shares Gifted | Percentage of Holding (%) |
|---|---|---|---|---|
| June 8, 2026 | Nilima Krishnakumar Boob | Asha Ashok Boob | 8,38,000 | 0.79% |
| June 8, 2026 | Nilima Krishnakumar Boob | Smt. Alaknanda Boob Business Trust | 58,00,000 | 5.46% |
| June 10, 2026 | Ashok Ramnarayan Boob | ARB Business Trust | 33,00,000 | 3.11% |
| June 10, 2026 | Asha Ashok Boob | AAB Business Trust | 1,01,00,000 | 9.50% |
| June 11, 2026 | Ashok Ramnarayan Boob | ARB Business Trust | 33,00,000 | 3.11% |
Details of Individual Transactions
The transactions included transfers from Nilima Krishnakumar Boob to two different promoter group entities and a large transfer by Asha Ashok Boob. Specifically:- On June 8, 2026, Nilima Krishnakumar Boob transferred shares totaling 66,38,000 to Asha Ashok Boob (8,38,000) and Smt. Alaknanda Boob Business Trust (58,00,000).
- On June 10, 2026, Asha Ashok Boob transferred 1,01,00,000 shares to AAB Business Trust. This transfer resulted in the acquirer holding a 9.50% share of the target company.
- On June 10 and June 11, 2026, Ashok Ramnarayan Boob transferred shares totaling 33,00,000 to ARB Business Trust for the second time across these dates.
As disclosed by the entities involved in the transfers, the rationale behind all transactions was to streamline the Family's assets and businesses. All transfers were conducted as gifts, meaning no consideration was involved.
The disclosures noted that the aggregate holding of the Promoter Group both before and after these inter-se transfers remains unchanged.
CLEAN Stock Price Movement
As of 12:36 PM in live trading, shares of Clean Science and Technology Limited are rallying to ₹759, driven by a 2.42% gain this morning. The stock is currently within its intraday range, having traded for a total volume of 103,428 shares between the low of ₹748.5 and the current price.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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