Regulatory31 Jul 2026, 10:30 pm
Clean Max Enviro Energy Solutions: No IPO Fund Use Deviation for Q1 FY27
AI Summary
Clean Max Enviro Energy Solutions Ltd has filed a statement of deviation or variation in the utilization of funds raised through its Initial Public Offering (IPO) for the quarter ended June 30, 2026. The company confirms that the IPO proceeds, amounting to ₹3,079.88 Crores, have been utilized appropriately for the objects outlined in the offer document. CARE Ratings Limited, acting as the Monitoring Agency, has also submitted its report for the quarter, concurring that there has been no deviation or variation in the use of funds. The company has uploaded this intimation on its website.
Key Highlights
- No deviation reported in IPO fund utilization for Q1 FY27.
- Total IPO funds raised were ₹3,079.88 Crores.
- Monitoring Agency CARE Ratings confirms appropriate fund usage.
- Funds utilized as per original objects stated in the offer document.
Price Impact
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