BSECompany Update2d ago · 22 Sept 2026, 08:12 pm
Announcement under Regulation 30 of SEBI (LODR) Regulations, 2015 - Incorporation of step down subsidiary in Arab Republic of Egypt
CLN Energy Ltd · 544347
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CLN Energy Ltd has incorporated a step-down subsidiary in the Arab Republic of Egypt, CLN Energy Solutions, with an investment of USD 2 million and AED/Egyptian pound 100 million.
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Growth Catalyst6/10
Governance Concern1/10
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Market Sentiment5/10
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CLN Energy Ltd - 544347 - Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Incorporation Of Step Down Subsidiary In Arab Republic Of Egypt
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September 22, 2026
BSE Limited
Listing Department
P.J. Towers, Dalal Street
Fort, Mumbai - 400 001.
Scrip code: 544347
Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) – Incorporation of Step-
down Subsidiary of the Company
Dear Sir/Madam,
Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Company has duly
completed the incorporation of a Step-down Subsidiary of Company in Arab Republic of Egypt in the name
and style of “C L N Energy Solutions.”
The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read
with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026 as
amended, enclosed herewith in Annexure A.
Kindly take the above on record.
Thanking You.
For CLN Energy Limited
Bhavika Mundra
Company Secretary & Compliance Officer
Annexure A
(The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read
with SEBI Master circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026 as
amended)
Sr. Particulars Details
1 Name of the target entity, details in brief Name of the target Company:
such as size, turnover etc. CLN Energy Solutions (“the Company”)
Amount invested: USD 2 million
AED/Egyptian pound: 100 million
Size/Turnover: Not applicable.
2 Whether the acquisition would fall within CLN Energy Solutions is promoted by C L N General
related party transaction(s) and whether the Trading L.L.C, wholly-owned subsidiary of Company
promoter/ promoter group/ group and step-down subsidiary of Company, therefore, it is a
companies have any interest in the entity related party of CLN Energy Limited.
being acquired? If yes, nature of interest
and details thereof and whether the same is
done at “arm’s length”.
3 Industry to which the entity being acquired Assembly of lithium battery / chemical sector
belongs.
4 Objects and impact of acquisition The acquisition of CLN Energy Solutions, a step-down
(including but not limited to, disclosure of subsidiary of CLN Limited, is aligned with the
reasons for acquisition of target entity, if its Company’s main business objectives and is intended to
business is outside the main line of strengthen its presence in the energy solutions sector.
business of the listed entity) The entity will support the manufacturing of lithium-ion
batteries across Egypt, thereby facilitating operational
synergies and future business growth.
5 Brief details of any governmental or Not applicable
regulatory approvals required for the
acquisition.
6 Indicative time period for completion of the Not applicable
acquisition.
7 Consideration -whether cash consideration Cash Consideration
or share swap or any other form and details
of the same;
8 Cost of acquisition or the price at which the Amount invested: USD 2 million
shares are acquired. AED/Egyptian pound: 100 million
9 Percentage of shareholding / control 99% shares subscribed by C L N General Trading L.L.C
acquired and / or number of shares Dubai (UAE)+ 1% by Mr. Rajiv Seth
acquired.
10 Brief background about the entity acquired Product/line of Business: Assembly of lithium battery
in terms of products/line of business
acquired, date of incorporation, history of Date of Incorporation: 22.09.2026
last 3 years turnover, country in which the History/Turnover: Not applicable
acquired entity has presence and any other Country of Incorporation: Arab Republic of Egypt
significant information (in brief);