Clean Max IPO Fund Utilization: No Deviation Reported

Clean Max Enviro Energy Solutions Ltd has filed its statement of deviation or variation in the utilization of funds raised through its Initial Public Offering (IPO) for the quarter ended September 30, 2026. The company reported that the IPO proceeds, amounting to ₹3,079.88 Crores (allotment date February 26, 2026), have been utilized appropriately for the objects stated in the offer document. CARE Ratings Limited, acting as the Monitoring Agency, has also submitted its report confirming no deviation or variation in the use of funds. The unutilized balance remains in the allotment account as per regulations. The company has made this information available on its website.