Clean Science and Technology Limited has announced a further capital infusion into its wholly owned subsidiary, Clean Fino-Chem Limited. The parent company has subscribed to 8,36,121 additional equity shares at a premium, totaling an investment of Rs. 50.00 Crore. This transaction, completed on April 8, 2026, is intended to support the ongoing funding requirements of the subsidiary’s various industrial projects.
Strengthening Subsidiary Operations
Clean Science and Technology Limited (CSTL) has reaffirmed its commitment to the growth of its wholly owned subsidiary, Clean Fino-Chem Limited (CFCL). Through a recent rights issue, the company has subscribed to 8,36,121 equity shares. Each share was issued at a face value of Rs. 10 with a premium of Rs. 588, resulting in a total subscription value of Rs. 50,00,00,358. This move is a strategic step to bolster the subsidiary’s financial position and ensure the smooth execution of its planned projects.
Financial Context and Background
Since its incorporation on March 22, 2022, CFCL has been a vital part of the company’s expansion into the Speciality Chemicals sector. The subsidiary has shown robust growth in its top-line performance, with a turnover of Rs. 46.77 Crore for the financial year ending March 31, 2025, marking a significant increase from Rs. 1.92 Crore in the previous fiscal year. This continued capital investment is aimed at sustaining this momentum and expanding the subsidiary’s production capabilities.
Transaction Details
The transaction, classified as a related party deal conducted at arm’s length, represents a 100% subscription by the parent company in cash. The newly issued equity shares will carry the same rights and rank pari passu with the existing equity shares held by the parent company, ensuring that Clean Science and Technology Limited maintains full control over the subsidiary’s strategic operations.
Source: BSE
