Clean Max Enviro Energy Solutions Ltd

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.

Clean Max Enviro Energy Solutions Limited announced the sale of shares in three wholly-owned subsidiaries: Clean Max Kyuu Private Limited, Clean Max Roku Private Limited, and Clean Max Ilgohp Private Limited. The company also appointed Mr. Vipin Balan as Head - Projects, effective September 21, 2026. The sales of Clean Max Kyuu and Clean Max Roku involve 2,600 shares each to Strata Geosystems (India) Private Limited and Goodluck India Limited, respectively. The sale of 2,600 shares in Clean Max Ilgohp Private Limited to Nuvoco Vistas Corporation Limited, previously disclosed, has had its terms revised and approved. The transactions are expected to be completed by December 31, 2026. The subsidiaries involved were recently incorporated and had no significant financial contribution in the last financial year.

Clean Max Enviro Energy Solutions Limited announced that its Board of Directors has approved the sale of 49% of its stake in its wholly-owned subsidiary, Clean Max Dynamis Private Limited, to Sunvik Steels Private Limited. The transaction involves the sale of 4,900 shares for a consideration of INR 49,000. The Share Purchase Agreement is expected to be executed on or before December 31, 2026, with the completion of the sale anticipated by the same date. Clean Max Dynamis Private Limited was incorporated on July 28, 2026, and has not yet contributed to the company's turnover or net worth. The buyer, Sunvik Steels Private Limited, does not belong to the promoter or group companies, and the transaction is not considered a related party transaction.

Clean Max Enviro Energy Solutions Ltd has disclosed an encumbrance on 9,795,900 equity shares, representing 8.33% of its total share capital, as of September 3, 2026. This action was taken by Rikhab Investments B.V. through its onshore agent, Catalyst Trusteeship Limited, in accordance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The encumbrance is a result of obligations under a non-disposal undertaking and financing documents. Any breach of these terms will trigger mandatory prepayment of financing and constitute an event of default.

Clean Max Enviro Energy Solutions Ltd has announced the execution of a Term Sheet with Envision Energy India Private Limited for the procurement of wind turbine generators (WTGs). The agreement covers 310 WTGs, each with a capacity of 5 MW, totaling 1,550 MW for the company's wind power projects. The scope includes supervision and technical support for installation and commissioning. Definitive agreements are expected to be executed in seven phases, concluding before December 31, 2028. This deal signifies a significant expansion in Clean Max's renewable energy capacity.

Clean Max Enviro Energy Solutions Ltd has voluntarily published its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26. The report, which includes an Independent Assurance Statement, is now accessible on the company's official website under the financial information section. This proactive disclosure aligns with growing investor and stakeholder interest in environmental, social, and governance (ESG) performance.

Clean Max Enviro Energy Solutions Limited's Board of Directors has approved the sale of stakes in two wholly-owned subsidiaries. The company will sell 26% of Clean Max Muoi Private Limited to Relaxo Footwears Limited for ₹26,000 and 49% of Clean Max Chin Private Limited to VVDN Technologies Private Limited for ₹49,000. Both subsidiaries were incorporated recently and have not yet contributed to the company's turnover or net worth. Share purchase agreements are expected to be finalized by October 30, 2026, with completion on or before the same date.

Clean Max Enviro Energy Solutions Ltd has received in-principle approval from BSE Limited for modifications to its Non-Convertible Debentures (NCDs). The key change involves altering the nature of the debentures from unsecured to secured. This approval is subject to the company fulfilling certain conditions, including confirmation from depositories and compliance with SEBI regulations and the Companies Act, 2013. The approval is valid for three months. The modifications also include changes to the Debenture Trust Deed regarding permitted encumbrances and indebtedness.

Clean Max Enviro Energy Solutions Ltd announced that its Risk Management Committee has approved the issuance of a corporate guarantee for ₹92 crore. This guarantee is for a facility being availed by its subsidiary, Clean Max Rudra Private Limited, from Federal Bank Limited. The guarantee will serve as security for term loan facilities. The company stated that the promoter/promoter group/group companies have no interest in this transaction, and the guarantee is issued at arm's length. The impact on the listed entity is a contingent liability, with no immediate impact on the company as of the reporting date.

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.