Rite Zone Chemcon Approves ₹4.97 Crore Cleanux Stake Acquisition Via Share Swap

Board approved 51% acquisition of Cleanux Green Solution for Rs4.97cr via share swap issuing 20,96,151 shares at Rs23.70, plus 6,73,579 shares at Rs24 to promoters for Rs1.62cr. Share-swap makes Cleanux a subsidiary diversifying into waste management and solar; authorised capital raised to Rs7.28cr to enable issues; EGM on Nov 23 for approvals. Post-issue capital at 70 lakh shares implies heavy dilution; Cleanux FY26 turnover Rs29.31cr vs Rs60.36cr in FY25; deals need shareholder, exchange nod; CEO replaced.