Clean Science and Technology Limited — Important, 22-01-2025: General Updates

Clean Science and Technology Limited has subscribed to an additional 10,85,117 equity shares of its wholly owned subsidiary, Clean Fino-Chem Limited (CFCL), for a total consideration of Rs. 64.89 Crore. The shares, with a face value of Rs. 10 and a premium of Rs. 588 each, will contribute additional capital intended for CFCL’s ongoing projects. CFCL, incorporated in March 2022, specializes in the production and sale of specialty chemicals. The recent financial performance shows CFCL's turnover at Rs. 1.92 Crore for the year ending March 2024, compared to no revenue in the previous year. This strategic move is aimed at strengthening CFCL's operations and positioning in the specialty chemicals sector, indicating a positive outlook for its growth trajectory. Investors should watch closely as this development may enhance the parent company's market presence and growth dynamics.