
Sale16 Oct 2026, 06:40 pm
Clean Max Sells 2,600 Shares of Subsidiary to Chambal Fertilisers
AI Summary
Clean Max Enviro Energy Solutions Ltd has approved the sale of 2,600 shares (26% of total paid-up capital) of its wholly-owned subsidiary, Clean Max Hachi Private Limited, to Chambal Fertilisers and Chemicals Limited. The transaction, valued at INR 26,000, is expected to be completed by November 30, 2026. Clean Max Hachi Private Limited was incorporated on June 17, 2026, and has not yet contributed to the company's turnover, revenue, income, or net worth in the last financial year. The buyer, Chambal Fertilisers and Chemicals Limited, is not part of Clean Max's promoter or group companies, and the transaction is not considered a related party transaction.
Key Highlights
- Sale of 2,600 shares (26%) of subsidiary Clean Max Hachi Private Limited.
- Transaction value set at INR 26,000.
- Buyer is Chambal Fertilisers and Chemicals Limited, an unrelated entity.
- Subsidiary incorporated recently and has no prior financial contribution.
- Sale expected to conclude by November 30, 2026.
Price Impact
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