Clean Max Enviro Energy Solutions Limited has announced a strategic acquisition to expand its renewable energy footprint in Gujarat. The company has entered into a Share Purchase Agreement on 16 March 2026 for the complete acquisition of Kintech Solarbikaner Private Limited for ₹38 crore, marking a significant step in its growth strategy to boost hybrid renewable energy capacity.

Transaction Overview

The acquisition involves a 100% equity stake purchase in Kintech Solarbikaner Private Limited for an enterprise value of ₹38 crore. The transaction is structured as a cash consideration deal, with completion targeted by 31 March 2026.

Target Company Profile

Kintech Solarbikaner Private Limited operates in the renewable energy generation sector and was incorporated on 31 May 2023. The company's current financial position reflects its early-stage status in the renewable energy market.

Strategic Rationale

The acquisition aligns with Clean Max Enviro Energy Solutions Limited's expansion strategy in the renewable energy sector. The company has identified specific strategic benefits from this transaction to boost its hybrid renewable energy capacity:

• Enable growth and development of wind-solar hybrid renewable energy capacity
• Establish stronger presence in Gujarat state
• Expand renewable energy generation capabilities
• Strengthen market position in the hybrid energy segment

Regulatory Compliance

The transaction has been disclosed under Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The acquisition does not fall within related party transactions, and no governmental or regulatory approvals are required for completion.

Company Leadership

The disclosure was signed by Ullash Parida, Company Secretary and Compliance Officer (Membership No.: FCS 8689), confirming the company's commitment to transparent corporate governance and regulatory compliance in this strategic acquisition.

Clean Max Enviro Energy Solutions Limited has announced its decision to exercise early redemption rights for its non-convertible debentures, marking a significant step in the company's debt restructuring strategy. The solar energy solutions provider filed the intimation with stock exchanges on March 12, 2026, detailing the redemption of debentures worth INR 499,00,00,000.

Debenture Redemption Details

The company will redeem 4,990 senior, redeemable, listed, rated, zero coupon, non-convertible debentures, each with a face value of INR 10,00,000. The redemption is scheduled for April 2, 2026, with the record date fixed for March 18, 2026.

Investor-wise Redemption Breakdown

The redemption covers nine institutional investors, with Allianz Global Investors holding the largest exposure across multiple funds. The early redemption amounts include accrued interest for the period from April 1 to April 2, 2026.

IPO Proceeds for Debt Prepayment

The company intends to use proceeds from its initial public offer to prepay the redemption amounts. The prepayment notice indicates that CleanMax is planning to list its shares on stock exchanges and utilize the IPO funds for comprehensive debt restructuring.

The total accrued interest for the one-day period amounts to INR 34,06,782, with regular interest payments up to March 31, 2026, to be made in the normal course. The company has obtained necessary approvals from debenture holders and trustees for the early redemption.

Regulatory Compliance and Documentation

CleanMax has fulfilled all regulatory requirements under SEBI regulations, including proper notice to Vistra ITCL (India) Limited, the debenture trustee. The company has also received confirmations from all major debenture holders, including Allianz Global Investors, Nomura entities, and IL&FS Infrastructure Debt Funds, approving the early redemption terms.

The debentures were originally issued through private placement under a debenture trust deed dated May 6, 2022, which has been amended and restated multiple times, with the latest amendment on January 12, 2026.