Clean Science and Technology Limited announced that its promoter group will transfer 8.11% equity shares via gift. The transaction involves 86,19,490 equity shares being transferred from Mr. Parth Ashok Maheshwari and Ms. Nidhi Mohunta to Mrs. Asha Ashok Boob. This inter-se transfer within the promoter group aims to streamline family assets and businesses. The transaction is expected to occur on or after November 26, 2025.
Promoter Group Realigns Equity Holdings
An inter-se transfer within Clean Science and Technology Limited’s promoter group is set to occur, involving a notable shift in equity ownership. As per the announcement released on November 19, 2025, a total of 86,19,490 equity shares, representing 8.11% of the company’s equity, will be transferred through a gift transaction.
Details of the Share Transfer
The transfer involves key members of the promoter group. Mr. Parth Ashok Maheshwari will transfer 28,09,745 shares (2.64%), and Ms. Nidhi Mohunta will transfer 58,09,745 shares (5.47%). The recipient of these shares is Mrs. Asha Ashok Boob, another member of the promoter group. This transaction is scheduled to take place on or after November 26, 2025.
Rationale for the Transfer
The company clarified that this transfer is an inter-se transaction amongst the promoters and falls under the exemption provided by relevant regulations. The primary reason cited for this realignment is to streamline the family’s assets and businesses. There will be no change in the aggregate holding of Promoter and Promoter Group before and after the above inter-se transaction.
Source: BSE
