StockWatch
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Power Generation
Divestment21 Sept 2026, 01:11 pm

Clean Max: New Head - Projects & Subsidiary Divestments

AI Summary

Clean Max Enviro Energy Solutions Ltd. announced the appointment of Mr. Vipin Balan as Head - Projects, effective September 21, 2026. Mr. Balan brings over 31 years of experience in renewable energy. Concurrently, the company approved the sale of 2,600 shares each in wholly-owned subsidiaries Clean Max Kyuu Private Limited (to Strata Geosystems) and Clean Max Roku Private Limited (to Goodluck India Limited). Additionally, revised terms were approved for the sale of 2,600 equity shares of Clean Max Ilgohp Private Limited to Nuvoco Vistas Corporation Limited. These sales are expected to be completed by December 31, 2026, with Clean Max Kyuu's shares being sold for ₹26,000.

Key Highlights

  • Mr. Vipin Balan appointed Head - Projects, effective Sep 21, 2026.
  • Company to sell 2,600 shares of Clean Max Kyuu Pvt Ltd.
  • Company to sell 2,600 shares of Clean Max Roku Pvt Ltd.
  • Revised terms approved for sale of Clean Max Ilgohp Pvt Ltd shares.
  • Sales expected by Dec 31, 2026, with ₹26,000 for Kyuu shares.