BSECompany Update17 Oct 2026 · 17 Oct 2026, 05:36 pm
Intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Legal Proceedings against the Director & Chairman of the Company in his personal capacity
CLN Energy Ltd · 544347
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CLN Energy Ltd informed about ongoing legal proceedings in Singapore against its Director & Chairman, Rajiv Seth, in his personal capacity, related to a commercial dispute. The proceedings do not involve the company's assets or liabilities and are expected to have no impact on its operations or financial position.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern8/10
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Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment5/10
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CLN Energy Ltd - 544347 - Announcement Under Regulation 30 Of SEBI (LODR) - Legal Proceedings Against The Director & Chairman Of The Company In His Personal Capacity
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To, October 17, 2026
BSE Limited
Listing Department
P.J. Towers, Dalal Street,
Fort, Mumbai - 400 001
Scrip Code: 544347
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 – Legal proceedings against the Director & Chairman of the Company in his personal
capacity
Dear Sir/Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
and in the interest of transparency, we wish to inform you that the Company was informed that certain legal
proceedings are in process in Singapore against Mr. Rajiv Seth (DIN: 02156211), who is a Non-executive
Director & Chairman of the Company, in his personal capacity, in connection with a commercial dispute.
Mr. Rajiv Seth is contesting the proceedings through his legal counsel in Singapore, on grounds including
procedural irregularity and on merits.
The Board of Directors of the Company confirms that the said proceedings:
(a) are against Mr. Rajiv Seth in his personal capacity and not against CLN Energy Limited; and
(b) do not involve any asset or liability of CLN Energy Limited.
Accordingly, the Company does not expect these proceedings to have any impact on its operations, financial
position or business.
The Company will make further disclosures as and when there are material developments, in accordance with
applicable law.
Kindly take the above on record.
Your faithfully,
For CLN Energy Limited
Sunil Gandhi
Whole-time Director
DIN: 08433754