Singapore legal proceedings against Chairman in personal capacity; Board says no impact on company
CLN Energy Ltd has told BSE that certain legal proceedings are in process in Singapore against Mr. Rajiv Seth, its Non-executive Director & Chairman, in his personal capacity, in connection with a commercial dispute.
By ScoutQuest · · 1 min read
- Proceedings location
- Singapore
- Party involved
- Mr. Rajiv Seth, Non-executive Director & Chairman, in his personal capacity
- Company impact stated
- no impact on operations, financial position or business
What the company told the exchange
CLN Energy Ltd informed BSE that the company was informed that certain legal proceedings are in process in Singapore against Mr. Rajiv Seth, who is a Non-executive Director & Chairman of the Company, in his personal capacity, in connection with a commercial dispute.
How the Chairman is responding
Mr. Rajiv Seth is contesting the proceedings through his legal counsel in Singapore, on grounds including procedural irregularity and on merits.
What the Board has confirmed
- The proceedings are against Mr. Rajiv Seth in his personal capacity and not against CLN Energy Ltd.
- They do not involve any asset or liability of CLN Energy Ltd.
On that basis, the company has said it does not expect these proceedings to have any impact on its operations, financial position or business.
What this means for a retail reader
The update draws a clear line between the individual and the listed company. The dispute is described as a commercial one involving the Chairman personally, and the Board has stated in writing that no asset or liability of CLN Energy Ltd is involved. The company has also said it will make further disclosures as and when there are material developments.
Also from CLN Energy
Board approves preferential allotment of 2,50,000 equity shares at Rs. 423/- to promoter CLN Energy PTE Limited
5 Oct 2026
Board approves preferential allotment of 2,50,000 equity shares to promoter entity
5 Oct 2026
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