AAB Business Trust, a promoter group member of Clean Science and Technology Limited, is set to acquire 1,01,00,000 equity shares from Mrs. Asha Ashok Boob. The transaction, scheduled for on or after June 6, 2026, is an inter-se transfer by way of gift with no consideration. This move aims to streamline family assets and businesses, with the shares representing 9.50% of the company’s total equity. The aggregate holding of the promoter group remains unchanged.
Inter-Se Share Transfer by Gift
AAB Business Trust, a member of the promoter group of Clean Science and Technology Limited, has announced a proposed acquisition of 1,01,00,000 equity shares. These shares will be acquired from Mrs. Asha Ashok Boob through an inter-se transfer by way of gift. The transaction is scheduled to take place on or after June 6, 2026.
Transaction Details
The acquired shares constitute 9.50% of the total equity share capital of Clean Science and Technology Limited. Each share has a face value of Re. 1/-. Crucially, this transfer is being executed by way of a gift, meaning no consideration is involved in the transaction. The primary rationale for this transfer is to streamline the family’s assets and businesses.
Regulatory Compliance and Exemptions
This acquisition is being conducted in compliance with Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction falls under the exemption provided by Regulation 10(1)(a)(ii) of the SEBI (SAST) Regulations, 2011, which pertains to inter-se transfers within the promoter group. Consequently, an open offer is not required.
Shareholding Post-Acquisition
Following this proposed acquisition, the shareholding details will be updated. The disclosure indicates that the aggregate holding of the Promoter and Promoter Group before and after this inter-se transaction remains the same. For AAB Business Trust, the number of shares will increase from 100 to 1,01,00,100, representing 9.50% of the total share capital, while Mrs. Asha Ashok Boob’s holding will decrease to 98,392 shares (0.09%).
Additional Notes
It is noted that Mrs. Asha Ashok Boob is also involved in another inter-se transfer, where she is set to receive a gift of 8,38,000 shares from Mrs. Nilima Krishnakumar Boob. Upon completion of that transfer, her total shareholding is expected to increase to 9,36,392 shares, representing 0.88% of the total share capital.
The disclosure has been signed by Ashok Ramnarayan Boob, Trustee for AAB Business Trust, on June 1, 2026, from Pune.
Source: BSE
