Clean Max Enviro Energy Solutions Limited approved the sale of a 26% stake in its wholly owned subsidiary, Clean Max Hachi Private Limited, to Chambal Fertilisers and Chemicals Limited. The transaction involves 2,600 shares for a consideration of ₹26,000.

The Board of Directors passed this resolution on October 16, 2026. The company will enter into a Share Purchase Agreement with the buyer and the subsidiary on or before November 30, 2026. Completion of the sale is expected by the same date or as mutually agreed.

Transaction details

Clean Max Hachi Private Limited was incorporated on June 17, 2026. Consequently, it has not contributed to turnover, revenue, income, or net worth during the last financial year. The buyer, Chambal Fertilisers and Chemicals Limited, does not belong to the promoter group or related party category. Therefore, the transaction does not fall under related party transactions requiring arm's length pricing disclosures.

Regulatory compliance

The disclosure was made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that the details are available on its website. This move represents a divestment from a newly formed entity that has yet to generate operational revenue.

Clean Max Enviro Energy Solutions Limited announced that its wholly owned subsidiaries have acquired a 100% stake in Massmunch Company Limited, a Thailand-based renewable energy entity. The transaction, valued at an enterprise value of Thai Baht 1,250,000, aims to expand the company's solar energy footprint in the region.

The acquisition was executed by Cleanmax Energy (Thailand) Company Limited and Cleanmax IHQ (Thailand) Company Limited. Both entities are wholly owned subsidiaries of Cleanmax Solar MENA FZCO (Dubai), which is itself a wholly owned subsidiary of Clean Max Enviro Energy Solutions. The Share Purchase Agreement was signed on October 9, 2026.

Transaction Structure and Ownership

Post-acquisition, the ownership structure of Massmunch Company Limited will be split between the two acquiring subsidiaries. Cleanmax Energy (Thailand) will hold 99.99% of the share capital, while Cleanmax IHQ (Thailand) will hold the remaining 0.01%. Consequently, Massmunch will become a step-down wholly owned subsidiary of the listed parent company.

The consideration for the acquisition is entirely in cash. The transaction does not involve any share swap or other forms of consideration. Regulatory approvals beyond standard compliance are not applicable for this deal.

Target Entity Profile

Massmunch Company Limited was incorporated in Thailand on March 27, 2025. The entity operates in the renewable energy generation sector. The acquisition is strategic, intended to enable the growth and further development of solar renewable energy capacity for the group in Thailand.

What the Numbers Show

The acquisition price of Thai Baht 1,250,000 represents a premium over the target's net worth of Thai Baht 1,213,300 as of December 31, 2025. Given that Massmunch reported nil turnover for the period ending December 31, 2025, and was incorporated in March 2025, the valuation appears to be based on asset value or development potential rather than current earnings or historical revenue performance. The deal is not classified as a related party transaction, and the promoters have no interest in the target entity.