Shares of Clean Science and Technology witnessed wild swings throughout the early hours of buying and selling, when, due to a punching error by a dealer, a better share of shares have been bought by the promoter members, who had organized to promote up to 24 per cent stake within the firm.
After opening at ₹1,125 on the NSE, the share worth fell practically 5 per cent to ₹1,070.50 – a 52-week low – and after the corporate clarified the error to a information channel, it recovered sharply to zoom over 17 per cent, to an intra-day excessive of ₹1,256.80, earlier than once more falling to ₹1,135.10 in lower than half-hour.
The shares then recovered to trade in a steady vary, earlier than shedding floor in direction of the top of the day, to shut 2.8 per cent decrease.
Market sources mentioned a dealer who was dealing with the trade had bought double the variety of shares on supply
In an change submitting, the corporate defined that promoter group members, together with Ashok Boob, Krishnakumar Boob and Parth Maheshwari, have been planning to promote up to 24 per cent stake within the firm within the morning, by way of sure brokers, together with Spark Institutional Equities.
The firm mentioned it was knowledgeable by Spark of an error at its finish due to which promote orders have been punched in for a considerably greater variety of shares than what it had been authorised and instructed to promote on behalf of the sellers.
“We have been given to understand that SIEPL has/ is taking immediate remedial steps to review the situation and address the matter responsibly,” mentioned the corporate.
It added that the promoting shareholders had confirmed that the precise sale was restricted to 24 per cent stake and they have been ready for an in depth clarification from the dealer involved and the remedial steps being taken by it.
Spark, on its half, is learnt to be reviewing the trade and the error dedicated and addressing the problem.
The promoter group held shut to 75 per cent stake within the firm on the finish of June 2025, change information confirmed.
Published on August 21, 2025