StockWatch
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Power Generation
Divestment21 Sept 2026, 12:42 pm

Clean Max Enviro Sells Subsidiaries, Appoints Head - Projects

AI Summary

Clean Max Enviro Energy Solutions Limited announced the sale of shares in three wholly-owned subsidiaries: Clean Max Kyuu Private Limited, Clean Max Roku Private Limited, and Clean Max Ilgohp Private Limited. The company also appointed Mr. Vipin Balan as Head - Projects, effective September 21, 2026. The sales of Clean Max Kyuu and Clean Max Roku involve 2,600 shares each to Strata Geosystems (India) Private Limited and Goodluck India Limited, respectively. The sale of 2,600 shares in Clean Max Ilgohp Private Limited to Nuvoco Vistas Corporation Limited, previously disclosed, has had its terms revised and approved. The transactions are expected to be completed by December 31, 2026. The subsidiaries involved were recently incorporated and had no significant financial contribution in the last financial year.

Key Highlights

  • Clean Max Enviro sells shares in three wholly-owned subsidiaries.
  • Vipin Balan appointed as Head - Projects, a Senior Management Personnel.
  • Sales of subsidiaries Clean Max Kyuu, Roku, and Ilgohp approved.
  • Transactions expected to conclude by December 31, 2026.