Clean Science and Technology Limited announces the completion of an off-market, inter-se transfer of 33,00,000 equity shares. The transfer, valued at ₹0 as it was conducted via gift, occurred among members of the Promoter and Promoter Group. This transaction falls under an exemption in SEBI regulations, meaning no open offer was required. The aggregate holding of the Promoter and Promoter Group remains unchanged.
Inter-Se Share Transfer Among Promoter Group
Clean Science and Technology Limited has officially notified the stock exchanges regarding an off-market, inter-se transfer of equity shares. This transaction involved the transfer of 33,00,000 equity shares from Ashok Ramnarayan Boob to ARB Business Trust. The transfer was executed purely as a gift, with no consideration involved, as per the disclosed details.
Regulatory Compliance and Exemptions
This share transfer was conducted under an exemption provided by Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Consequently, the acquirer, ARB Business Trust, was exempted from making an open offer. The disclosure under Regulation 10(5) was made within the stipulated timeline on 01/06/2026, followed by this intimation under Regulation 10(6) on 11/06/2026.
Impact on Shareholding
The key outcome of this transaction is that the aggregate shareholding of the Promoter and Promoter Group of Clean Science and Technology Limited remains consistent before and after the inter-se transfer. This indicates no change in the overall control or ownership structure concerning the Promoter Group. The details of acquisition were filed with the stock exchanges on 10/06/2026.
Shareholding Details
Prior to the transaction, ARB Business Trust held 100 shares representing 0.00% of the total share capital. Ashok Ramnarayan Boob held 36,71,510 shares, constituting 3.45% of the total share capital. Post-transaction, ARB Business Trust’s holding increased to 33,00,100 shares, representing 3.11% of the total share capital. Consequently, Ashok Ramnarayan Boob’s direct holding reduced to 3,71,510 shares, or 0.35% of the total share capital.
Source: BSE
