NSEGeneral Updates16 Jul 2026 · 16 Jul 2026, 07:04 pm
General Updates
Clean Science and Technology Limited · CLEAN
✦ AI SummaryExpansion
Clean Science and Technology Limited's wholly owned subsidiary, Clean-Fino Chem Limited, has entered into a long-term strategic collaboration with Geneus Chem AG, a Swiss company, for the supply of advanced grades of HALS Products. The collaboration is in line with the Company's business strategy and is expected to support its specialty chemicals portfolio.
Analysis Scores
Earnings Impact5/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk3/10
Liquidity Impact6/10
Market Sentiment5/10
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Full Announcement
Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for wholly owned subsidiary, Clean-Fino Chem Limited, has entered into definitive agreements for a long-term strategic collaboration with Geneus Chem AG, a company incorporated under the laws of Switzerland,
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16th July, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1,
Dalal Street, G Block, Bandra-Kurla Complex
Fort, Mumbai – 400 001 Bandra (E), Mumbai - 400 051
Scrip Code: 543318 Trading Symbol: CLEAN
Subject: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015
Dear Sir/Madam
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 (the “LODR Regulations”) and Clean Science and Technology Limited’s (the “Company”) policy
on determination of materiality, we hereby inform the stock exchanges that its wholly owned
subsidiary, Clean-Fino Chem Limited (the “Subsidiary”), has entered into definitive agreements for a
long-term strategic collaboration with Geneus Chem AG, a company incorporated under the laws of
Switzerland, having its office at Mattenstrasse 22, 4058 Basel, Switzerland (“GC”).
The collaboration is in line with the Company’s business strategy and is expected to support its
specialty chemicals portfolio.
Lodha Capital Markets Ltd acted as the financial advisor and AZB & Partners as the legal advisor to the
Company for this strategic collaboration agreement.
The details required under Regulation 30 read with Schedule III of the LODR Regulations are enclosed
as Annexure A, Annexure B and Annexure C below.
The intimation is also being uploaded on the website of the Company at www.cleanscience.co.in
You are requested to take above information on record.
Thanking You.
For Clean Science and Technology Limited
Ruchita Vij
Company Secretary & Compliance Officer
Annexure A
AGREEMENT TO ACQUIRE
Details required under Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015
Sr. Particulars Details
1. Name of the target entity, details in Target entity is Geneus Chem AG a company
brief such as size, turnover etc. incorporated under the laws of Switzerland, having
its office at Mattenstrasse 22, 4058 Basel,
Switzerland (“GC”).
GC is a start-up company which was incorporated in
2022. Based on the information available with the
Company, GC is not operating at a significant scale
including in terms of revenues.
2. Whether the acquisition would fall The Subsidiary has entered into a long-term
within related party transaction(s) manufacturing/ supply agreement with GC in terms
and whether the promoter/ of which the Subsidiary has agreed to manufacture
promoter group/ group companies advanced grades of HALS Products.
have any interest in the entity
being acquired? In lieu of above collaboration, GC has agreed to
issue warrants to the Subsidiary which are
If yes, nature of interest and details exercisable by the Subsidiary within the exercise
thereof and whether the same is period.
d one at “arm’s length”
The agreement to acquire does not constitute a
related party transaction/ None of the promoters/
promoter group/ group companies have any
interest in GC.
3. Industry to which the entity being GC is engaged in the business of research,
acquired belongs development, sales, manufacturing, trading, export
and import of chemical products as well as
consulting and analytical services in this, in
particular, with advanced grades of HALS Products.
4. Objects and impact of acquisition The Subsidiary has entered into long term
(including but not limited to, collaboration with GC for supply of advance grade
disclosure of reasons for of HALS. The collaboration is in line with the
acquisition of target entity, if its Company’s business strategy and is expected to
business is outside the main line of support its specialty chemicals portfolio.
b usiness of the listed entity)
5. Brief details of any governmental No governmental or regulatory approvals are
or regulatory approvals required required for the proposed acquisition of GC by the
f or the acquisition S ubsidiary.
6. Indicative time period for The share warrants proposed to be issued to the
completion of the acquisition. Subsidiary by GC in terms of the Subscription
Agreement are exercisable within four years from
t he date of issuance of such share warrants by GC.
7. Consideration - whether cash At the time of exercise of the share warrants by the
consideration or share swap or any Subsidiary, the Subsidiary will be required to pay a
o ther form and details of the same nominal price per company share to GC.
8. Cost of acquisition and/or the price The share warrants proposed to be issued to the
at which the shares are acquired Subsidiary by GC in terms of the subscription
agreement are exercisable within four years from
the date of issuance of such share warrants by GC.
No consideration is payable by the Subsidiary for
subscription to share warrants.
9. Percentage of shareholding / Upon exercise of the share warrants, the Subsidiary
control acquired and / or number will acquire 25% of the share capital of GC on a fully
of shares acquired diluted basis.
10. Brief background about the entity GC is Swiss company which was incorporated in
acquired in terms of products/line 2022.
of business acquired, date of
incorporation, history of last 3 GC is engaged in the business of research,
years turnover, country in which development, sales, manufacturing, trading, export
the acquired entity has presence and import of chemical products as well as
and any other significant consulting and analytical services in this, in
information (in brief). particular, with advanced grades of HALS Products.
Based on the information available with the
Company, GC is not operating at a significant scale
including in terms of revenues.
ANNEXURE B
DISCLOSURES UNDER PARA 5A OF PARA A OF PART A OF SCHEDULE III
Details required under Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015
Sr. Particulars Details
1. If the listed entity is a party to the Not applicable. The Company is not party to the
agreement, definitive agreements. The definitive agreements have
been executed with the Subsidiary.
(i) details of the
counterparties (including
name and relationship
with the listed entity);
2. If listed entity is not a party to the (a) Clean-Fino Chem Limited, wholly owned
agreement, subsidiary of the Company is party to the
definitive agreements.
(i) name of the party
entering into such an (b) Other parties to the definitive agreements are
agreement and the GC and the co-founders of GC. GC and the co-
relationship with the founders are not related to the Company.
listed entity;
(c) The definitive agreements have been executed
(ii) details of the on July 16, 2026.
counterparties to the
agreement (including
name and relationship
with the listed entity);
(iii) date of entering into the
agreement
3. Purpose of entering into the The definitive agreements have been executed in
agreement. relation to a long term strategic collaboration with GC.
4. Shareholding, if any, in the entity The Company does not hold any shares in GC.
with whom the agreement is
executed.
5. Significant terms of the The definitive agreements are on customary
agreement (in brief) commercial terms for a long-term supply collaboration
and include, inter alia, provisions relating to minimum
offtake commitments, pricing mechanism, product
specifications, non-compete obligations, supply
obligations, confidentiality, intellectual property,
representations and warranties, indemnities, term and
termination, and dispute resolution thereof.
6. Extent and the nature of impact Not applicable
on management or control of the
listed entity.
7. Details and quantification of the Please refer to para (5) above.
restriction or liability imposed
upon the listed entity.
8. Whether, the said parties are Other than the Subsidiary, the other parties to the
related to promoter/promoter definitive agreements are not related to the Company.
group/ group companies in any
manner. If yes, nature of
relationship.
9. Whether the transaction would Not applicable
fall within related party
transactions? If yes, whether
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