Clean Max Enviro Energy Solutions Limited has moved to consolidate control over its renewable energy generation operations while monetizing portions of its newer subsidiaries. The Board of Directors approved the acquisition of a 26% stake in Clean Max Uno Private Limited from Alicon Castalloy Limited on July 24, 2026. In parallel moves, the company agreed to sell 26% stakes in its wholly owned subsidiaries, Clean Max Sau Private Limited and Clean Max Ni Private Limited, to Fortis Hospotel Limited and Sterling Biotech Limited, respectively.

The acquisition of Clean Max Uno is valued at ₹1,25,39,936, with the company purchasing 17,357 equity shares at ₹722 per share. This transaction will make Clean Max Uno a wholly owned subsidiary of Clean Max Enviro Energy Solutions Limited. Clean Max Uno, incorporated on April 6, 2023, operates in the renewable energy generation sector. As of FY26, it reported a net worth of ₹4,68,38,394.61 but had nil turnover. The deal is classified as a related party transaction because Alicon Castalloy Limited is an existing shareholder, though the company states the transaction is structured on an arm's length basis. No governmental or regulatory approvals are required for this acquisition.

Divestment of Minority Stakes

Simultaneously, Clean Max Enviro Energy Solutions Limited approved the sale of 2,600 shares, representing 26% of the paid-up capital, in Clean Max Sau Private Limited to Fortis Hospotel Limited, a wholly owned subsidiary of Fortis Healthcare Limited, for ₹26,000. In a similar transaction, the company agreed to sell 2,600 shares (26% stake) in Clean Max Ni Private Limited to Sterling Biotech Limited for ₹26,000.

Clean Max Sau was incorporated on June 2, 2026, and Clean Max Ni was incorporated on April 11, 2026. Neither subsidiary has contributed to the parent company's turnover or net worth in the last financial year. Both buyers, Fortis Hospotel and Sterling Biotech, are unrelated to the promoter group of Clean Max Enviro Energy Solutions Limited, and neither transaction is classified as a related party transaction.

Transaction Details

The key parameters of all three transactions are summarised below:

Regulatory Compliance

The disclosures were made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Share Purchase Agreements for the sales of Clean Max Sau and Clean Max Ni are expected to be executed on or before August 31, 2026, and September 30, 2026, respectively. The details have been made available on the company's website at www.cleanmax.com .

Promoters of clean max enviro energy solutions have declared that no encumbrance was created on their shares during the financial year ending 31 March 2026. The disclosure, made by Promoter Kuldeep Jain on behalf of the Promoter Group, confirms that no shares were pledged directly or indirectly during this period. This assurance covers the timeframe from the company's listing date on 02 March 2026 through to 31 March 2026.

The declaration was submitted pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing specifies that the only exceptions to this declaration are encumbrances already disclosed in the prospectus dated 25 February 2026 and those already captured in the depository system.

Promoter and Promoter Group Details

The disclosure encompasses a total of 28 entities classified as either Promoters or members of the Promoter Group. The list includes individuals and corporate entities associated with the company.

The letter, dated 10 April 2026, was signed in Mumbai and addressed to the stock exchanges for information and dissemination. A copy was also marked to the Audit Committee of Clean Max Enviro Energy Solutions Limited.