Clean Max Enviro Energy Solutions Limited's Risk Management Committee has approved corporate guarantees totaling ₹341.85 crores for seven subsidiary companies during its meeting held on March 24, 2026. The committee meeting, which commenced at 3:00 p.m. and concluded at 5:00 p.m., addressed the approval of corporate guarantee issuances for multiple subsidiaries.

Risk Management Committee Meeting Outcome

The Risk Management Committee of the Board of Directors approved the issuance of corporate guarantees for subsidiary companies as part of their credit facility arrangements. The meeting was conducted in compliance with SEBI Listing Regulations and the Master Circular dated January 30, 2026.

Corporate Guarantee Details

The committee approved corporate guarantees for seven subsidiary companies to support their term loan facilities. These guarantees have been extended in favor of lenders as security for the respective credit facilities.

Transaction Structure and Compliance

The corporate guarantees have been issued on an arm's length basis, with promoters, promoter groups, and group companies having no interest in these transactions. The guarantees serve as security for term loan facilities availed by the respective subsidiaries, all of which form part of the consolidated group structure.

The company has confirmed that these arrangements maintain proper governance standards and comply with regulatory requirements for related party transactions.

Financial Impact Assessment

According to the regulatory disclosure, the corporate guarantees constitute contingent liabilities for Clean Max Enviro Energy Solutions Limited. The company has stated that as of the current date, there is no impact of these guarantees on the company's operations.

The guarantee arrangements support the subsidiaries' business operations while maintaining the parent company's oversight of financial commitments within the group structure.

Regulatory Disclosure and Compliance

The disclosure was made pursuant to Regulation 30 of SEBI Listing Regulations and the Master Circular. Company Secretary and Compliance Officer Ullash Parida signed the regulatory filing, ensuring compliance with mandatory disclosure requirements for listed entities.

The information has been made available on the company's website at www.cleanmax.com for stakeholder access and transparency, maintaining the company's commitment to regulatory compliance and corporate governance standards.

Clean Max Enviro Energy Solutions Limited has published its Q3 FY26 unaudited standalone and consolidated financial results in newspapers pursuant to Regulations 47 and 52(8) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also released the transcript of its maiden earnings conference call held on March 18, 2026, under Regulation 30, showcasing exceptional financial performance with consolidated quarterly revenue of ₹4,662.82 million and standalone revenue of ₹16,119.19 million for the quarter ended December 31, 2025.

Regulatory Compliance and Publication Details

The company fulfilled its regulatory obligations by publishing the financial results on March 19, 2026, in Financial Express (All India Edition) and Mumbai Lakshdeep (Mumbai Edition). The Board of Directors approved these unaudited financial results at their meeting held on March 17, 2026. Company Secretary and Compliance Officer Ullash Parida confirmed the publication and made the results available on the company's website at cleanmax.com under the shareholder information section.

Management Commentary and Business Performance

During the earnings conference call hosted by Axis Capital, Managing Director Kuldeep Jain and Chief Financial Officer Nikunj Ghodawat highlighted the company's strong operational performance. The management reported 33% year-on-year EBITDA growth for the nine months ended December 2025, driven by 26% increase in power sales revenue growth and improved EBITDA margins from 81% to 83% due to operating leverage.

Consolidated Financial Performance

The consolidated financial results demonstrate strong operational performance with total income from operations reaching ₹4,662.82 million for Q3 FY26 compared to ₹4,093.60 million in the corresponding quarter of the previous year. The company achieved net profit after tax of ₹211.77 million, marking a significant turnaround from the loss of ₹43.17 million in Q3 FY25. For the nine months ended December 31, 2025, consolidated revenue grew to ₹14,356.27 million from ₹11,152.05 million in the previous year.

Standalone Financial Results

The standalone financial performance showed remarkable growth with total income from operations of ₹16,119.19 million in Q3 FY26 versus ₹6,869.89 million in Q3 FY25, representing a substantial increase of 134.6%. Net profit after tax surged to ₹2,702.78 million from ₹1,043.54 million in the previous year's corresponding quarter. The nine-month standalone revenue reached ₹43,501.31 million compared to ₹13,622.95 million in the previous year.

Strategic Partnerships and Future Guidance

The management highlighted the operationalization of a 51% Clean Max owned partnership with Osaka Gas, which saw an equity investment of ₹176.00 crores from Osaka Gas for a 49% stake during the financial year. The company provided guidance for commissioning upwards of 1.5 GW of RE power sales capacity in FY27, with weighted average interest rates improving from 9.2% to 8.7% as of December 2025.

Stock Exchange Compliance

The complete financial results and earnings call transcript have been filed with BSE Limited (Scrip Code: 544717/973979/977267) and National Stock Exchange of India Ltd. (Symbol: CLEANMAX) under Regulation 33, 52, and 30 of SEBI Listing Regulations. The results are accessible on the respective stock exchange websites and the company's investor relations portal. Managing Director Kuldeep Jain (DIN: 02683041) signed the published results on behalf of the Board of Directors.