Clean Science and Technology Ltd discloses gift transfer of 101 million shares to AAB Business Trust

What Clean Science and Technology Ltd announced

On 27 June 2026 the company filed a disclosure under Regulation 10(7) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing relates to an inter‑se transfer of equity shares by way of gift from a promoter‑group member to another promoter‑group entity, AAB Business Trust. No cash consideration was involved and the overall promoter‑group holding in Clean Science and Technology Ltd (CST) remains unchanged.

Details of the gift transfer

• Acquirer: AAB Business Trust, a member of the promoter group of CST.
• Seller: Asha Ashok Boob, also a promoter‑group member.
• Date of acquisition: 10 June 2026.
• Number of shares transferred: 101,00,100 shares, representing 9.50% of the total share capital of CST after the transfer.
• Pre‑transfer holdings: AAB Business Trust held 100 shares (effectively 0.00% of total capital). Asha Ashok Boob held 1,01,98,392 shares (9.60%).
• Post‑transfer holdings: AAB Business Trust holds 1,01,00,100 shares (9.50%). Asha Ashok Boob’s holding falls to 9,36,392 shares (0.88%).
• Consideration: Nil. The transfer was effected through a Gift Deed, an off‑market transaction with no monetary payment.

Compliance timeline and fees

The filing demonstrates full compliance with the SEBI SAST Regulations:

• Regulation 10(5) – Initial intimation filed on 1 June 2026, at least four working days before the acquisition.
• Regulation 10(6) – Follow‑up filing on 11 June 2026, within four working days after the acquisition.
• Regulation 10(7) – Final report submitted on 23 June 2026 through the SEBI Intermediary Portal, well within the 21‑working‑day window.
• Fees: The required fee of Rs 1,50,000 plus 18% GST (Rs 27,000) was paid on 23 June 2026 via NEFT, with a copy of the payment challan attached to the filing.

Key facts at a glance

Why this matters for investors

The transaction does not dilute existing shareholders because the shares moved within the promoter group. However, it does alter the distribution of voting power among promoters. AAB Business Trust’s stake rises to 9.5%, giving it a more visible block of voting rights, while the seller’s stake falls to less than 1%. The aggregate promoter‑group holding remains the same, signalling that the control structure of the company is unchanged. From a regulatory standpoint, the company has satisfied all filing obligations under the SEBI SAST framework, including timely payment of the prescribed fee. Investors can therefore note that the filing is a compliance exercise rather than a capital‑raising or strategic acquisition event.

Conclusion

Clean Science and Technology Ltd has formally reported a gift transfer of 101 million shares to AAB Business Trust, an intra‑group transaction that leaves the overall promoter holding unchanged. All required SEBI reports were filed within the stipulated windows and the applicable fee was paid. No cash changed hands and the share capital of the company remains the same, meaning the filing does not affect dilution but does shift voting percentages among promoters. Further action or shareholder approval is not indicated in the filing.