Clean Max Enviro Energy Solutions Ltd

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 June 30, 2026. The company confirms that the proceeds from the IPO, amounting to ₹3,079.88 Crores, have been utilized in accordance with the objects stated in the offer document. CARE Ratings Limited, acting as the Monitoring Agency, has issued a report for the same quarter, also confirming no deviation or variation in the use of funds. The company has made this intimation available on its website.

Clean Max Enviro Energy Solutions Ltd has filed a statement of deviation or variation in the utilization of funds raised through its Initial Public Offering (IPO) for the quarter ended June 30, 2026. The company confirms that the IPO proceeds, amounting to ₹3,079.88 Crores, have been utilized appropriately for the objects outlined in the offer document. CARE Ratings Limited, acting as the Monitoring Agency, has also submitted its report for the quarter, concurring that there has been no deviation or variation in the use of funds. The company has uploaded this intimation on its website.

CleanMax Enviro Energy Solutions Ltd has released its Shareholders' Letter for Q1 FY 2026-27, highlighting record renewable energy capacity additions. The company commissioned 0.53 GW in Q1 FY27, surpassing its entire FY 2024-25 commissioning volume. This puts them on track to meet their guidance of at least 1.5 GW capacity addition for FY 2026-27. The company also reported significant growth in contracted capacity for conventional C&I customers, doubling to 3.5 GW from 1.6 GW in two years, and a 10x surge in capacity from Data & AI customers. CleanMax aims to build organizational capabilities to consistently deliver 1.5 GW or more annually.

Clean Max Enviro Energy Solutions Ltd (CleanMax) reported strong Q1 FY27 financial results. Revenue from operations more than doubled year-on-year to ₹832 crore, with Adjusted EBITDA growing 74% YoY to ₹494 crore. Reported PAT stood at ₹55 crore. The company's contracted RE Power Sales capacity reached 6 GW as of June 30, 2026, and the total contracted portfolio, including RE Services, hit 6.8 GW, a threefold increase over two years. CleanMax achieved a record quarterly commissioning of over 0.5 GW. Demand from the data center and AI segment significantly contributed, accounting for 42% of contracted RE Power Sales capacity. The company aims for over 1.5 GW RE Power Sales capacity addition in FY27 and has improved its weighted average cost of project debt to 8.4%. The Board also approved domestic bond issuance for capital diversification.

Clean Max Enviro Energy Solutions Ltd announced that its Board of Directors has approved a composite scheme of amalgamation. The scheme involves the amalgamation of four wholly-owned subsidiaries: Clean Max Aditya Power Private Limited, Cleanmax IPP 1 Private Limited, CMES Power 1 Private Limited, and CMES Infinity Private Limited, with the parent company. The amalgamation will result in the dissolution of the subsidiaries without winding up. As these are wholly-owned subsidiaries, no new shares or cash consideration will be issued by the parent company. The scheme is subject to regulatory approvals, including sanction from the National Company Law Tribunal. The businesses of the subsidiaries are in electricity generation and sale via rooftop projects, aligning with the parent company's focus on clean energy solutions.

Clean Max Enviro Energy Solutions Ltd announced board approval for the issuance of listed, rated, redeemable, non-convertible debentures (NCDs) on a private placement basis, with a size up to INR 2,500 crore. The company also approved an amendment to its Debenture Trust Deed to reclassify debentures from unsecured to secured. Furthermore, a composite scheme of amalgamation involving several subsidiaries, including Clean Max Aditya Power Private Limited and Cleanmax IPP 1 Private Limited, was approved. The board also gave in-principle approval for corporate restructuring via amalgamation/merger of the company and its subsidiaries. Unaudited financial results for the quarter ended June 30, 2026, were also considered.

Clean Max Enviro Energy Solutions Ltd's Board of Directors, at its meeting on July 31, 2026, approved the issuance of listed, rated, redeemable, non-convertible debentures (NCDs) on a private placement basis, aiming to raise up to ₹25,00,00,00,000. These NCDs are proposed to be listed on BSE and/or NSE. The Board also approved amendments to the Debenture Trust Deed, reclassifying existing listed debentures from unsecured to secured. A composite scheme of amalgamation involving the company and its subsidiaries, Clean Max Aditya Power Private Limited, Cleanmax IPP 1 Private Limited, CMES Power 1 Private Limited, and CMES Infinity Private Limited, was approved. Additionally, in-principle approval for corporate restructuring via amalgamation/merger of the company and its subsidiaries was granted. The unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, along with the Statutory Auditor’s Limited Review Report, were also considered and approved. The trading window will remain closed.

Clean Max Enviro Energy Solutions Ltd has announced the schedule for its earnings conference call to discuss the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board meeting to approve these results was previously intimated on July 27, 2026. The conference call is set for Monday, August 03, 2026, at 02:00 PM IST. Details for dial-in, including primary and international numbers, along with links for pre-registration and webcast, have been provided. The information will also be available on the company's website.

Clean Max Enviro Energy Solutions Ltd has announced a Board of Directors meeting scheduled for July 31, 2026. The meeting agenda includes the consideration and approval of the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. Additionally, the board will discuss the issuance of listed, rated, redeemable, non-convertible debentures/bonds on a private placement basis, amendments to existing debenture trust deeds, and a draft composite scheme of amalgamation involving several subsidiaries. The company also plans to discuss corporate restructuring proposals via amalgamation/merger. The trading window is closed from July 1, 2026, until 48 hours after the financial results are declared.

Clean Max Enviro Energy Solutions Limited announced its Board of Directors has approved the acquisition of 17,357 shares, representing 26% of the paid-up share capital of its subsidiary, Clean Max Uno Private Limited, from Alicon Castalloy Limited. The acquisition price is set at INR 722 per equity share. Concurrently, the company also approved the sale of 26% stakes in two other wholly-owned subsidiaries, Clean Max Sau Private Limited and Clean Max Ni Private Limited, to Fortis Hospotel Limited and Sterling Biotech Limited, respectively. The details of these transactions are provided in annexures, with the acquisition of Clean Max Uno having a net worth of INR 4,68,38,394.61 as of FY '26 and no turnover.