Clean Science and Technology Limited — Important, 22-04-2025: General Updates

Clean Science and Technology Limited has subscribed to an additional 8,36,121 equity shares of Clean Fino-Chem Limited (CFCL), a wholly owned subsidiary, at a share price of ₹10 plus a premium of ₹588, bringing the total investment to ₹50 crores (₹50,00,00,358). The funds raised will primarily support CFCL's project financing. As a related party transaction, this investment is conducted at arm's length. CFCL, established on March 22, 2022, focuses on manufacturing specialty chemicals. Its recent financial performance shows a turnover of ₹1.92 crore for FY2023-24, indicating growth from a previous year with no revenue. This strategic move could enhance the subsidiary's operational capacity and market presence, positioning the parent company for potential growth in the specialty chemicals sector.