Clean Max issues ₹45.09 Cr corporate guarantee for subsidiary

Clean Max Enviro Energy Solutions Ltd's Risk Management Committee has approved the issuance of a corporate guarantee for its subsidiary, Clean Max Patagonia Private Limited. The guarantee, not exceeding ₹45,09,00,000 (₹45.09 Crore), will secure term loan facilities availed by the subsidiary. This transaction is considered an arm's length transaction, with no interest from the promoter or promoter group. The corporate guarantee will be recorded as a contingent liability for Clean Max Enviro Energy Solutions Ltd. As of the current date, the company states there is no direct financial impact from this guarantee.