Clean Science and Technology Limited has announced an inter-se transfer of 1,01,00,000 equity shares within its promoter group. The transaction, executed as a gift by Asha Ashok Boob to AAB Business Trust, involves no monetary consideration. This transfer is exempt from open offer requirements under SEBI regulations, and the aggregate holding of the promoter group remains unchanged. The disclosure was made on June 11, 2026.
Inter-Se Share Transfer within Promoter Group
Clean Science and Technology Limited has officially notified the stock exchanges regarding a significant inter-se transfer of equity shares within its promoter group. The transaction involves the transfer of 1,01,00,000 equity shares, representing 9.50% of the company’s total share capital.
Transaction Details
The transfer was made by way of a gift from Asha Ashok Boob to AAB Business Trust. Crucially, this transaction does not involve any monetary consideration, as it is structured as a gift pursuant to the execution of a Gift Deed. The disclosure was made on June 11, 2026.
Regulatory Exemption and Holding Impact
This off-market inter-se transfer falls under the exemption provided by Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Therefore, the acquirer is exempted from making a public open offer. Following the transaction, the aggregate holding of the Promoter and Promoter Group remains unchanged.
Shareholding Post-Transaction
As per the provided shareholding details:
- AAB Business Trust (Acquirer/Donee): Pre-transaction holding was 100 shares (0.00% w.r.t. total share capital). Post-transaction, the holding is 1,01,00,100 shares (9.50% w.r.t. total share capital).
- Asha Ashok Boob (Seller/Donor/Transferor): Pre-transaction holding was 1,01,98,392 shares (9.60% w.r.t. total share capital). Post-transaction, the holding is 98,392 shares (0.09% w.r.t. total share capital).
The shareholding details are calculated as per the latest shareholding pattern filed for the Quarter ended 31st March, 2026.
Source: BSE
