ARB Business Trust, a promoter group member of Clean Science and Technology Limited, has announced a prior intimation regarding the acquisition of 33,00,000 equity shares, representing 3.11% of the company’s share capital. The transaction involves an inter-se transfer by way of gift from Mr. Ashok Ramnarayan Boob, another promoter group member, effective from June 6, 2026. This transaction is exempt from open offer requirements under SEBI (SAST) Regulations, 2011.
Inter-Se Promoter Group Share Transfer
ARB Business Trust, a member of the promoter group of Clean Science and Technology Limited, has filed a prior intimation regarding a proposed acquisition of equity shares. The transaction involves the transfer of 33,00,000 equity shares, equivalent to 3.11% of the company’s total share capital, from Mr. Ashok Ramnarayan Boob. This transfer is to be conducted by way of a gift, specifically an inter-se transfer among qualifying promoter group members.
Transaction Details
The proposed acquisition is scheduled to take place on or after June 6, 2026. The shares being gifted represent 3.11% of the total equity share capital of Clean Science and Technology Limited. The rationale behind this transfer is to streamline the family’s assets and businesses, ensuring better consolidation and management within the promoter group.
Regulatory Exemption
This inter-se transfer of equity shares among the promoter group falls under the exemption provided by Regulation 10 (1) (a) (ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Therefore, the transaction does not trigger any open offer requirements. The total shareholding of the Promoter and Promoter Group remains unchanged before and after this gift transaction.
Shareholding Post-Transaction
Following the proposed gift, the shareholding details are as follows: ARB Business Trust’s stake will increase from 100 shares (0.00% of total share capital) to 33,00,100 shares (3.11% of total share capital). Conversely, Mr. Ashok Ramnarayan Boob’s shareholding will decrease from 36,71,510 shares (3.45% of total share capital) to 3,71,510 shares (0.35% of total share capital).
Confirmation of Compliance
Both the transferor and transferee have declared their compliance with the applicable disclosure requirements under the SEBI (SAST) Regulations, 2011. All conditions pertaining to the exemptions specified under Regulation 10(1)(a) have been duly met for this proposed transaction.
The disclosure was made by ARB Business Trust on June 1, 2026, from Pune.
Source: BSE
