Clean Science and Technology Limited announced that a promoter, Ashok Ramnarayan Boob, will transfer 26,00,000 equity shares, equivalent to 2.45% of the company’s equity, to Siddhartha Ashok Sikchi, another promoter, via gift. The transaction, scheduled for on or after November 26, 2025, is an inter-se transfer among promoters and does not impact the aggregate promoter holding. This move aims to streamline family assets and businesses.
Promoter Share Transfer
Clean Science and Technology Limited has disclosed an upcoming transfer of shares between promoters. According to the announcement, Mr. Ashok Ramnarayan Boob will transfer 26,00,000 equity shares to Mr. Siddhartha Ashok Sikchi.
Details of the Transaction
The transfer, representing 2.45% of the company’s total equity, will occur via a gift. The transaction is planned for November 26, 2025, or a date thereafter. As an inter-se transfer among promoters, this will not trigger an open offer under applicable regulations. There is no monetary consideration involved as the transfer is being executed as a gift.
Rationale for Transfer
The rationale for the transfer, as stated by the company, is to streamline the family’s assets and businesses. The aggregate promoter and promoter group holding in Clean Science and Technology Limited will remain unchanged after this transaction.
Shareholding Post-Transfer
Following the transfer, Siddhartha Ashok Sikchi will hold 57,50,425 shares, representing 5.41% of the total share capital. Ashok Ramnarayan Boob will hold 36,71,510 shares, representing 3.45%.
Source: BSE
