Shareholders of Clean Max Enviro Energy Solutions Limited approved 56 ordinary resolutions during its 16th Annual General Meeting held on July 24, 2026. The approvals cover the adoption of FY26 financial statements, auditor appointments, and 43 material related party transactions across its subsidiary and joint venture network. The meeting also saw the re-appointment of director Murzash Manekshana, though this resolution faced notable dissent from public institutional investors.

The AGM was conducted via video conference from Mumbai, with remote e-voting concluding on July 23, 2026. A total of 95,647,436 votes were polled out of 117,226,150 shares held as of the July 17 cut-off date, representing an 81.59% turnout. Promoter and promoter group entities abstained from voting on all related party transaction resolutions in compliance with regulatory norms, while their votes carried full weight on non-related party items such as financial statement adoption and director re-appointment.

Key Resolutions Passed

The agenda included routine corporate governance items alongside extensive related party approvals. Shareholders adopted the audited standalone and consolidated financial statements for FY26 with 99.998% support. The company also ratified the remuneration of cost auditors Joshi Apte & Associates for FY27 and appointed BNP & Associates as secretarial auditors for five consecutive years, both passing with over 99.99% approval.

Related Party Transactions

The bulk of the special business involved approving material related party transactions with numerous group entities. These include subsidiaries like Clean Max Ajanta Private Limited, Clean Max Terra Private Limited, and Clean Max Vayu Private Limited, as well as step-down subsidiaries such as Clean Max BIAL Renewable Energy Private Limited. Joint ventures like Kanoo Cleanmax Renewables Assetco W.L.L. were also covered. Most of these resolutions passed with support ranging between 93.2% and 99.99%, driven by strong backing from public non-institutional investors who voted overwhelmingly in favor.

Voting Dynamics and Dissent

While promoter groups voted unanimously in favor of the financial statements and director re-appointment, public institutional investors showed divergence on the latter. For Murzash Manekshana’s re-appointment, public institutions cast 1,347,507 votes against, resulting in a 6.33% dissent rate within that category. However, due to the promoters’ full support, the resolution overall passed with 98.58% approval. In contrast, related party transactions received near-universal support from public non-institutional investors, with dissent rates below 0.02% for most items.

What the Numbers Show

The voting pattern highlights a clear distinction between routine governance approvals and related party dealings. Public institutional investors exercised caution regarding the director’s re-appointment, yet remained largely supportive of the company’s operational framework through its related party transactions. This suggests that while there may be specific concerns regarding board composition or individual director tenure, the broader shareholder base continues to endorse the company’s strategic operational structure and inter-company financial arrangements.

Clean Max Enviro Energy Solutions will host an earnings conference call on Monday, August 3, 2026, at 02:00 PM IST to discuss its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The event provides investors and analysts with an opportunity to review the company’s performance for Q4FY26 and address queries regarding its financial position. This disclosure is made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The earnings call follows a Board Meeting convened on July 27, 2026, where the directors approved the financial results for the quarter. Ullash Parida, Company Secretary and Compliance Officer, issued the intimation on July 28, 2026, from Mumbai. The company, formerly known as Clean Max Enviro Energy Solutions Private Limited, continues to operate under its current legal name while maintaining its listing on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Ltd. (NSE).

Investors and stakeholders can participate in the conference call through various dial-in options or via a live webcast. The company has provided specific access details to facilitate global participation, including primary numbers for domestic callers and international dial-in codes for regions such as Hong Kong, Singapore, the UK, and the USA. Pre-registration is recommended to avoid wait times during the event.

Conference Call Access Details

Participants are advised to pre-register using the confirmation number 2704003 to ensure seamless access to the call. The webcast link will also be available on the company’s official website under the shareholder information section for analyst and investor communication. This structured approach ensures transparency and broad accessibility for all interested parties.

The company’s scrip code on BSE is 544717, and its symbol on NSE is CLEANMAX. The ISIN for the equity shares is INE647U01026. These identifiers remain consistent across all regulatory filings and market communications. Investors should monitor these platforms for any further updates regarding the financial results or corporate actions following the earnings call.