Clean Max Enviro Issues Corporate Guarantee for Subsidiary

Clean Max Enviro Energy Solutions Ltd has issued a corporate guarantee for its subsidiary, Clean Max Nile Private Limited. The guarantee is for INR 11.35 Crore, supporting term loan facilities availed by the subsidiary. The company stated that the promoter/promoter group/group companies have no interest in this transaction, and it is conducted on an arm's length basis. The guarantee represents a contingent liability for Clean Max Enviro, but as of the reporting date, it has no impact on the listed entity, as it pertains to a consolidated group subsidiary.