Clean S rce and Technology Limited

Clean
Science
tnn( oti )n o wor
07.02.2022

To,

BSE Limited National Stock Exchange of India Limited

Phiroze JeeJeebhoy Towers, Exchange Plaza, Plot no. C/I,
Dalal Street, G Block, Bandra-Kurla Complex
Fort, Mumbai - 400 001 Bandra (E),
Scrip Code: 543318 Mumbai - 400 051
Trading Symbol: CLEAN

Dear Sir/Madam

Subject: Outcome of Board Meeting.

Further to our letter dated 25tl' January, 2022 and in cornpliance with Regulation 30 read with
Schedule III and other applicable provisions of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, ("SEBI Listing Regulations, 2015") we hereby inform you that the
Board of Directors of the Company, at their meeting held today viz. Monday, 7'r'February,2022,
considered the following: -

1. Approved Unaudited Standalone and Consolidated Financial Results for the quarler and nine
months ended 31't December, 2021 .

2. Approved seeking consent of shareholders by way of Postal Ballot on the following

resolutions:

a) To consider and approve the rnodifications in Clean Science and Technology Limited
Ernployee Stock Option Scheme, 2021
b) To ratify the Clean Science and Technology Lirnited Employee Stock Option Scheme,
2021
c) To approve continuation of ernployment of Mr. Ashok Ramnarayan Boob, Managing
Director of the Company, consequent to hirr attaining the age of 70 years w.e,f. 2"d
March,2022.
d) To approve re-appointment of Mr. Ashok Rarnnarayan Boob, as Managing Director of the
Company for further term of 5 years w.e.f. from 28tr' July,2022
e) In terms of Regulation 17 (6) of SEBI Listing Regulations,20l5, to approve payrnent of
aggregate annual remuneration in excess of 5%o of net profits of the Cornpany in a year
which includes Fixed Remuneration and 4oh Performance Bonus collectively to all the
Executive Directors who are promoters till the expiry of their respective tenns.

Brief details of Mr. Ashok Ramnarayan Boob, Managing Director, in terms of SEBI Circular No.
CIR/CFD/CMDI4l20l5 dated 9'r'september, 2015 are enclosed as Annexure l.

Furlher pursuant to Ministry of Corporate Affairs, General Circulars No. 1412020, l'712020,
2212020,3312020,3912020, 1012021 and 2012021 dated 8'r' April,2020,l3tr' April, 2020, 15th
June,2020,28tl'September,2020,31't December,2020,23'd June, 2021 and 8tl'December,202l
respectively, the Postal Ballot will be through relnote e-voting facility. The Board of Directors

(Erstwhile known as Clean Science and Technology Private Limited)

Regd. Office: 503, Pentagon Tower 4, Magarpatta City, Hadapsar, Pune - 411013, MS, lndia
Tel: +9'1 20 26899953 Fax: +91 20 26898894 Email: corporate@cleanscience.co.in Website: www.cleanr
CIN: 1241 14PN2003P1C01 8532
flq
 have fixed Friday, lltr'February,2022 as the cut-off date for reckoning the voting rights of the
rnembers for the purpose of the said postal ballot.

Please find enclosed herewith Unaudited Standalone and Consolidated Financial Results for the
quarter and nine months ended 3 I't Decernber , 2021 along with the Lirnited Review Report thereon,
issued by the Statutory Auditors of the Company.

The meeting commenced at lL NOOn and concluded at

You are requested to take above infonnation on record.

Thanking You.

{or Clean Science and Technology Limited

Mahesh Kril6rni
Company Secretary

Encl:- as above
 Annexure - 1

Disclosure of information pursuant to Regulation 30 of SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 20ls read with SEBI Circular No.
CIR/CFD/CMDI4l20l5 dated 9th September 2015

Sr. Particulars Details

No.
I Reason for Change viz: Mr. Ashok Ramnarayan Boob (DIN 004m740xAge 69), **
(appointment, resignatieq re-appointed as Managing Director of the Cornpany for a period
@ise) of 5 years commencing from 28,r,July,20 l7 to2Jtt Ju|y,2022.

He will attain the age of 70 years on 2,,d March ,2022 and hence
it is proposed to obtain approval of shareholders by way of
special resolution in terms of provision Section 196(3) of the
Companies Act, 2013 and other applicable rules for
continuation of his employment as Managing Director for his
remaining term i.e upto 27tt' luly,2022.lt is further proposed to
re-appoint him as Managing Director for a term of 5 years
commencing from 28tr' tuly , 2022 upto 27tt July, 2027 subject to
approval of the shareholders.

2. Date of Appointrnent and Continuation of appointn-rent of Mr. Ashok Ramnarayan.a eoob

term of appointment as Managing Director of the Cornpany till his rernaining term
upto 27tt' luly, 2022 and for a further tenn of 5 years
commencing from 28tr' July,2022 upto2Ttt July,2027 subject to
approval of the shareholders.

J. Brief Profile (in case of Mr. Ashok Ramnarayan Boob holds a bachelor,s degl€e in
appointment) chemical engineering fr.om the Institute of Chernical
Technology, Mumbai, He is a career-technocrat having close to
25 years of experience in the chemical industry. He is a
Promoter Director of the Company and has been instrumental in
contributing to the growth and development of the Company
since its inception.

He holds 1,36,05,652 equity shares consisting of 12.g1% shares

in the Cornpany and is a member of the Risk Management
Committee, Corporate Social Responsibility Committee and
Finance Committee of the Cornpany. He is also a Director in
Clean Aromatics Private Lirnited, Clean Organics private
Limited, Clean Science Private Lirnited, CSTpL Foundation and
Matrix Life Sciences Private Lirnited.

4. Disclosure of relationships Mr. Ashok Rarnnarayan Boob is brother of Mr. Krishnakurnar

between Directors (in case Ramnarayan Boob, Whole Tirne Director.
of appointment of a
Director)
 5 Information as required
pursuantto BSE Circular
with Ref. No.
LIST/COMP/1412018-19
dated 20ft June 2018.
Mr. Ashok Ramnarayan Boob is not debarred from holding the
office of Director by virtue of any order passed by the Securities
and Exchange Board oflndia or any other such authority.

Fqr Clean Science and Technology Limited

ahesh Kulkarni
Company Secretary
V
 Clean Scicncc and Tc.hnology Litrritcd
(Erstrvhile knorvn as'Clean Science and Tcchnology privtte t,imitcd,)
lltngnrprtta Citl., II!(lut)snr, punc, .ll ! 0t3 Mrhnrtshtl
Rcg(l Omcc: 503, PcDtlgon To$'cr P-.1,

STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR TIIE QUARTER AND NINE MONTIIS ENDED DECENTIJER 3I, 2O2I

Porticulsrs Qultltcr Indcrl Ninc Monlhs Endrd Ymr Endcd

Dcceml)(r 31,2(l2l
Dr$nrbcr 31, 2l)21) Dcccmbcr3l,202()
ScDtcmbcrJ0,2l)2i Dc(cml)er.ll. 2{)21 iUarch Jl,202i
(Un^u(lilcd) Autlilcrl)
(Unruditc(l) (Unru(lilerl) (tJnru(litc(l) (Au(lite(l)
(Rcfcr Nolc 6 ) Rcfcr Notc 6)

Incomc
Revenue fronr opcralions l,8ori. l3 t.5t L6l | )51.)7 4,R02.li2 3,785.49 5,124.28
Olher lnmnrc (ne0 (Rcfcr ilotc 5) 7.t.48 86.07 70 66 225 8,t 198.93 256.22

Tolnl inconc 1.'t82.6r 1.617.68 1.32J.93 E.66 3.9Iil-J2 5J

f,rDensc}
Cost of nrf, lcrials consutrrcd 604.92 189.91 3t9.47 1,641.95 993.61 1,379.62
Changcs irr irnertorics offinishcd goods and Nork-itrprogress 27.85 (r.68 (t6.77) (106.9 tl (43.75" (142.781
Enrplo)'@ bcnclils e\Ensc 86 76 88 04 108.82 252.63 323 93 435.57
0 0l 0.09 0.85 0.16 0.89 0.91
Dcprcciation aild aDmf, isation cxfEilsc 6t.o9 46.72 178.99 128.65 172.06
0thererpenscs 321.36 275.r1 ),17$ 8s3 l5 i)23 04 rir)3 2l

Totsl crpcnses 1.106.86 676.15 2.819.91 2,7t7.39

Profit bcforc ttr 775.75 712.26 6lli,18 2,2U8,69 1,95{i.05 2,672.9t
Tr\ crDedsc:
Curcnt taa r82 l5 170.40 152.64 530.20 452.32 6t7.5t
Dcfcrcd lar 6.65
Total Ttrr Erpcnscs 177.0s t57.S6 505.5J
Profit for lhc trcrio(l (A) 579 19[_62 l-983.7(
O(her cornprchcnsh c (lo$r)/ incomc

Ilcmr lhrt sill not bc rcclaisificd subsrqucntl] t0 profit or loss

(i) ReDrcisnrcmcnls ofdcfincd bcncfil liabilit) / (asscl) (0 04 (0.04 (0.0s' (0. l2 (0.33. (J.ll)
(ii) Lr@mc lax rclating to rcDeasurcnrcDls ofdcfincd bcocfit liabi,it)./ 0.01 0.01 0.02 0.01 009 001
(asscl)

3.70 28.5 I 28.77

0..11 (2.1 I (2.r{)

conlprchcnsiYc incoDtc
Tolsl Othcr comprcllcnshc inrornc (B) r0.03' J.l mi 26.33
Tolrl comprehcnsirc ioconlr for thc pcriod (A+ B) 5?9-79 l -661.i1 2.010,08

Paid up cquitycapilal lFacc Valuc Rs. l/- pcr sharcl t06.22 \t(,.22 t06. z. \t6.22 t06.22 t0(.22
(Rcfcr Nolo 7)
Othcr Equil]
5,291.r3

E$rlings lrer equit! shrrc IFlcc r lluc Rs. l/- pcr $htrel.
(Rcfer Nole 7)
Basic 5.46 5.{),1 4.62 15.64 t3.67 t8.68
Dililcd 5.46 5.04 4.62 15.63 t3 67 t8.68
*EPS arc nol rnnilrliseil for rhc i,ilcriil mri.{ls

Notes:

A{ounting SIatrdards) Rrles,20l5 as antendcd fronl tiotc to tiDle.

by thcnr lhcrcon.

N\1r.nsciildia.@Dr, \hcrc thc shares oflho CoD)pan)'arc lislcd.

infonnalion lras ben prcscntcd in the coilsolidaled financial rcsults.

5. Details includci i[ Ollrcr inconro (rct) aro as bclor':

I Qusncr En(led Ntr" Nt""r[- Er"l",l T Ycnr Etrdcrl
Porticulors Dcccnrl)cr Jl. 2{)20 DoccDrber 31. 2{}21}
Dcccmbcr Jl,202l ScDlcnrhc.30, 2021 Dcccnrbcr 31, 2tl?l IUrrcl Jl.2{l2l
(Uniludilc(l) Auditcd)
(lhruditcd) (Llnnuditc(l) (Unnu(litc(l) (Audircd)
I!4n,. N.n, ir
lrchange gaiI 4t I5 32.04 2(r.{0 t06 2t 85. l9 I l].i]
:air yalue gaiu on filanciil asscls itr\,cslDc[ls at fair valuc llrrougl t3.22 1.87 19.12 16.40 {9.0{

unrcvic$cd fiilancial slalctr)c0ls for pcriod cndcd Scptcillbcr 30,2020 \yhich Ncre approrcd b)'Board ofDircclors.

24,2020 and st@k split as approvcd b1'sharcholdcrs oil FcbruaD 25, 2021 ir accordan@ \rilh hd AS 33 - Eanriugs pcr sharc.

9. Prcvious pcriod's figurcs [0\t ben rcgroupcd /r@lassificd rvhcrcvcr ncccssan lo confonn Nilh lho curcnt pcriod's classification/ disclosurc.

On hehnlfoflhc Boxnl ofDircrhrl

for Clcnn Scictrcr and TcchnolofJ'Linritcl

6.hok go"t - Asl'ok B0olr

Plnco : Puilc Nlonagirrg Dircctor
Dalc : Fcbruary 07, 2022 DIN 0,11074(

e-r\#
 Clean Science and Technology n-imited
(Ershvhile known as 'Clean Science anrl Technology private Limitetl')
rtegd Office: 503, Pentagon Tower F-4, Magflrpatta City, Hadapsar, pune, ,ll I 013 f}Iahartrshtra
Web Site: ww'cleanscience.co.in, Enrail Idi conrpliailce@cleailscience.co.irr, Corporate ldentification Nuntber: L24l l4pN2003pLC0l S532

STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL Rf,SULTS FOR THE QUARTER AND NINE ITONTIIS ENDED DECEIUBER,3I,2021
All arnounts are tn rupees million ( exceDt per share datal
Pailiculars Qu{rter Ended Niile Months Endcd Year Euded
December 31, 2021 Septcnber 30,2021 December 31, 2020 Dccenrbcr 31, 2021 December 3t,2020 Iuarch 3lr 2021
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) (Atrdited)
( Rcfer Note 7 ) ( Refer Note 7)

llu"o-"
Reueru" fron, operat,on. I,808. 1,531.61
I I 3 I,254.27 4,802.82 3,785.49 5,t24.28
I Orirer Incorne (net) (Refer nole 5) 74.53 86.20 70.83 t99.15 256.43

1r..,,,*,." 1t882,66 1,617,81 1.325,10 5,028.94 3.984.64 5.380.?l

l r*r.,,.",
Cost of marerrals consunred 604.92 489 9l 3t9.47
I 1,64t.95 991.6i 1,378.62
ilr rnvenlones offinrshed goods and work-rrr-progress 27 a5 (9.681 (16.78)
lChanges (r06.91 (43'76) (142.19',,
I
Enrployee benefits expense 86.76 88.04
I 108.82 252.63 323.93 435.5'7
I Finonce cosls
0.0t 0.09 0.85 0. l6 0.89 0.91
Depreciation and amoilisation expeilse 59.96 61.09
I 46.72 t78.99 128.65 172.05
expenses 32'7.38 276.05
lOther 217.68 853.27 623.08 863.34

lTo,nl "*p.nr., I,106,88 905.50 616,16 2.820.09 2,026.40 2.107.10

lProfit hefore rax 715,18 112,31 648.34 2,20E.85 1,958.24 2,673.0t
lrn*.*r.ur.,
I crrr"nt tr* 182.14 t't0.41 152.64 530.20 452.32 617.51
I Defered ta* tl Rl 6 6',7 4.96 t1 at 11 1i
53.27
ro, Ernenscs 195.95 117.08 t57.60 547.61 505,59 689,21
Itotal
for the period (A) 579.83 53S-21 490,74 t -661.2,t 1,4s2.65
lProfit 1.983_80
I Othcr conrpreherrsive (loss)/ htcorne

I
t,.r,. th^t *itt not Ue rrclassificd subsequrllly to prorit or loss
I

) Renrearureme,rts of defined benefit liabi I ity i (isser)

{i (0.04) (0 04) (0.0s) (0. I 2,
| (0. 33) (0.r4)
| 1ii) Income rax rclating to rem€sureiltents of definerl benefit 0.01 0.01 002 0.03 0.09 0.04
I lribilrty / (asser)

lliir) Equity instnruents desigrratcd through other conlpreheusive 3.'70 28.5t

l,r"on,e
|
) lncome tax related to equrly irrstrunleilts designated lhrough
{ rr 0.44 (2.ll) (2.34)
lother comprehensive income

lToltl Other comDrehensivr iilconte (BI (0.03) (0.03) 4.1 (0.09) 26,t6 26,33
I

lTolal conrprehersive irconte for thc pcriod (A+ D) 579.80 535-20 dad ni 1.661.15 1.478-81 2.01 0. l3
I

Profit otrributolrle ro:

I
ofthe Conrpany 5?9.83 515.21 490.7-4 1,66t .24 I,452.65 1,983.80
lOwners
Non-corlrolling rrterests
I
Prolil for the period 579.83 535,23 490,74 t,661,24 1,452.65 1,983.1r0

Othcl Conrprelrensive lDconle atlrilrutable to: I

Owrers ofthe Conrpany I (o o-r) (0.03) ,:, (o o:) 26.1_6 26.3-3
Noil-coiltrolling interests
I
Otlrcr conrprehensive ilconre for the neriod (0.03) (0.03) 4.1 I (0.0e) 26,16 26.33
I

Tolal conrnrchcnsive ilcorne allriLtrlalrle fc I

Omers of the Conrpany I 579.80 535.20 494.85 r,661.I 5 1,478.81 2,010.13
Non-controlling interests I
Tolal conrprelreilsive ircotne for the period I 579.80 535.20 494.85 1,661.l 5 t,178.81 2,010.1.]

Paid up equiry caprtal [Face Value Rs. l/- per share] | 106.22 106.22 t06.22 t06.22 106.22 t06 22
( Refer Nore 8 )

Other equrty I

5,290.45
I
*

''
Eniliilgs per rquity sha re I Face Vahrc Rs. I /- Dcr share | |

*'"
!l;:" I
5.46 5.04 4.62 15.64 I 3.68 18.68
Diluted I 5.46 5.04 4.62 15.64 I 3.68 18.68
'FPS are lol annualised for the irterim oerrods I

Noaes:

CompaniesAct,20l3 radwithCorrrpanies(lndianAccountingStandards)Rules,20l5asamendedfromtintetotime.

unmodified review report has been issucd by thenl thereon.

- ;h
7i'/ -{ri'
ps}./
3. Standalone infornration: Ouarler Eilded Nirre Monrhs En Endcd
Dccember 31, 2020 December 31, 2020
December 31, 2021 Seplenber 30,202t Deceilber 31, 2021 March 31,202X
PafiiculaN (UDauditcd) (Audit€d)
(Unaudit€d) (Uilauditcd) (Utraudited) (Audited)
( Refer Note 7 ) ( Refer Note 7)

t. Revenue 1,808. I 3 t,53 L6l 1,254.27 4,802.82 3,',t85.49 5,124.28

b. Profit before tax 1',75.75 '712.26 648.18 2,208.69 1,958.05 2,6'12.91
:. Net Profit for the period 5'79.42 535.21 490.62 t.661 l6 t,452.51 t,981.75
l. Othercomprehensive income/(losses) (0.03) (0.03) 4ll (0 0e) 26.16 26.33
e Tolal comnrehensive income {70 70 535. l 8 494.',l3 |,661.07 I A'.tq 6',1 20t00R

Limited, M.nseindia.com, where the shares olthe Company are listed.

5. Details included in Other income (net) are as below: Quailer Etrded Nitre Motrths Eilded Year Ended
Particula$
Decenrbcrf,l,2020 Deceulrer 31,2020
Deccnlber 31, 2021 September 30, 2021 December 31, 2021 lltarch 31,2021
(Unaudiled) (Audited)
(Unaudit€d) (Unaudiaed) (Unaudited) (Audited)
( Refer Note 7 ) ( R€fcr Note 7)

Exchange gain/(loss) 42.t5 3204 2(,.40 l06.2t 85..t9 I t3.53

Fair value gain(loss) on financial assets (investments) at fair t3.zl l.8l 2.04 29.39 16.(t2 49.26
value throuqh profit or loss

Directors.

shareholders on December 24, 2020 and stock split as approved by shareholders on February 25, 2021 in accordance with Ind AS 33 - Earnings per share.

prinrary segment. primary segment in India and secondary segnent is rest oflhe world, details ofwhich are given below:-
Quarter Ended Niiles Motrth Endcd Yeflr Etrded

Dccenrber 31, 2020 Decenrbcr 3 l, 2020

December 31, 2021 September 30, 2021 December 31, 2021 March 31,2021
(Unauditcd) (Audiled)
(Unfludited) (Unaudited) (Urnudited) (Auditcd)
( Refer Nole 7 ) ( Refcr Nole 7)

illcs rcYcnuc
ndia 5tJ.95 365.89 492.71 t.256.26 l,3ll.m 1.647. l0
lcsl oflhc World 1 J?' tC
.741.21 2.1t1. lts.19 5.t2J.28
Snrr!ing amount of osscts'
ndia 433.40 259.79 109.34 433.40 363.83 251.83
lest ofllrc World
_16 693.73 l -lo9-0{} 693.23 112.24
IScgnrcni asscts reprcsclt lradc r@ci\'ablcs

{drlili0ns to l,ropert}, Dllnt u(l cquiDnlcnt, right of use nsscts ln(l

nllngiblc Isscts
ildia 768.03 1 79.1 3 133.39 768.03 t33.39 382.32
Rcst ofthc World

.rtion/disclosrrre

Oil lrchalfofthc Doard ofI

an Scieuce and Techlology

flsh"k Do
PIace: PuDe
tr^$ Ashok
lvlanaging Di
DIN:04