Clean Science and Technology Limited (CSTL) has subscribed to an additional 8,36,121 equity shares of its wholly-owned subsidiary, Clean Fino-Chem Limited (CFCL). The subscription, valued at ₹50,00,00,358 (Rupees Fifty Crores Three Hundred and Fifty-Eight Only), was made through a rights issue at a premium of ₹588 per share, with a face value of ₹10 each. This investment is intended to primarily fund CFCL's projects. CFCL, incorporated on March 22, 2022, operates in the Speciality Chemicals industry and is a related party to CSTL, with the transaction being conducted at arm's length. For the financial year ended March 31, 2025, CFCL reported a turnover of ₹46.77 Crore, compared to ₹1.92 Crore for the year ended March 31, 2024, and Nil for the year ended March 31, 2023. The event of subscription occurred on April 8, 2026, at 12:00 Noon IST. CSTL's subscription represents 100% of the equity share capital of CFCL.
