Clean Science and Technology Limited has invested an additional ₹50.00 crore in its wholly owned subsidiary, Clean Fino-Chem Limited (CFCL). The investment involves subscribing to 8,36,121 equity shares at a premium of ₹588 per share. This move aims to support CFCL’s funding requirements and expansion plans. The newly acquired equity shares will rank equally with the existing shares of the subsidiary.
Investment Overview
Clean Science and Technology Limited has announced a significant investment in its wholly owned subsidiary, Clean Fino-Chem Limited (CFCL). According to the press release dated January 8, 2026, the company subscribed to an additional 8,36,121 equity shares of CFCL.
Details of the Investment
The equity shares, with a face value of ₹10 each, were acquired at a premium of ₹588 per share. The total investment amounts to ₹50,00,00,358 (₹50.00 crore). This investment was made through subscription to the Rights Issue of Clean Fino-Chem Limited.
Purpose of the Investment
The funds are intended to support the funding requirements of Clean Fino-Chem Limited. The additional capital will be primarily used for funding its projects. The newly acquired equity shares will have the same rights as the existing equity shares.
Clean Fino-Chem Limited (CFCL)
Clean Fino-Chem Limited is a wholly owned subsidiary of Clean Science and Technology Limited, incorporated on March 22, 2022. CFCL is involved in the business of speciality chemicals.
CFCL Financial Performance
The turnover for the last three financial years is as follows:
- March 31, 2025: ₹46.77 Crore
- March 31, 2024: ₹1.92 Crore
- March 31, 2023: Nil
Source: BSE
