Clean Science and Technology Limited (CSTL) has subscribed to the additional 11,70,572 equity shares of face value of Rs.10/- each at a premium of Rs. 588/- for cash, aggregating to Rs.70.02 crore by way of subscription to the rights issue of Clean Fino-Chem Limited (CFCL), a wholly owned subsidiary of the Company. The said shares shall rank pari passu with the existing equity shares.

CFCL was incorporated on 22nd March 2022 as a Wholly Owned Subsidiary of CSTL in India. CFCL will be engaged in the business of manufacture and sale of speciality chemicals.