Clean Max subsidiary commissions 351.4 MWp solar facility in Bikaner

0 min read     Updated on 27 May 2026, 06:55 PM
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Clean Max Enviro Energy Solutions announced that its wholly owned subsidiary, Clean Max Celestial Private Limited, commissioned a 351.4 MWp solar facility at Bikaner Solar Park on May 26, 2026. The disclosure was made to BSE and NSE under Regulation 30 of the SEBI Listing Regulations.

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Clean Max Enviro Energy Solutions announced that its wholly owned subsidiary, Clean Max Celestial Private Limited, completed the commissioning of a 351.4 MWp solar facility at Bikaner Solar Park on May 26, 2026. This development marks a significant expansion in the company's renewable energy capacity.

Project Details

The commissioned facility is located within the Bikaner Solar Park. The project adds substantial generation capacity to the company's portfolio, supporting its growth in the solar energy sector.

Regulatory Disclosure

The intimation was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted to both BSE Limited and the National Stock Exchange of India Ltd.

Entity Role
Clean Max Celestial Private Limited Wholly Owned Subsidiary
Clean Max Enviro Energy Solutions Limited Parent Company

The information regarding the commissioning has been made available on the company's official website.

Historical Stock Returns for Clean Max Enviro Energy Solutions

1 Day5 Days1 Month6 Months1 Year5 Years
+1.16%-7.91%+3.77%+27.94%+27.94%+27.94%

How will the commissioning of this 351.4 MWp facility impact Clean Max's overall revenue and profitability in the upcoming fiscal year?

What are the company's plans for financing future renewable energy projects following this significant expansion?

How might this development influence Clean Max's competitive position in India's solar energy market?

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Clean Max approves 48 resolutions via postal ballot

1 min read     Updated on 20 May 2026, 12:59 AM
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Clean Max Enviro Energy Solutions Limited shareholders approved 48 resolutions via postal ballot, including amendments to the Memorandum and Articles of Association, the appointment of Mr. Dinesh Khara as Non-Executive Independent Director, and the ratification of the Amended and Restated ESOP 2015 – Amended 2026. The scrutinizer's report confirmed the passage of all resolutions on May 19, 2026.

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Clean Max Enviro Energy Solutions Limited has announced the outcome of its postal ballot conducted through remote e-voting, which concluded on May 17, 2026. The scrutinizer, Ms. Nikita Mahavir Kothari of N Kothari & Associates, submitted her report on May 19, 2026, confirming that all 48 resolutions listed in the notice were passed with the requisite majority.

The resolutions included special resolutions to amend the Object Clause and Articles of Association of the company. Shareholders also approved the appointment of Mr. Dinesh Khara (DIN: 06737041) as a Non-Executive Independent Director and his remuneration. Furthermore, the company ratified the “Amended and Restated Clean Max Enviro Energy Solutions Limited Employee Stock Option Scheme 2015 – Amended 2026” and approved the extension of its benefits to employees of subsidiary companies.

A significant portion of the ballot concerned material related party transactions. Shareholders approved transactions between the company and its wholly owned subsidiaries, such as Clean Max Ahhope Private Limited and Clean Max Alchemy Private Limited. Resolutions also covered transactions with other subsidiaries, including Clean Max Astria Private Limited and Clean Max Centaurus Private Limited, as well as fellow subsidiaries like Clean Max Vayu Private Limited and Clean Max Sphere Energy Private Limited.

The e-voting process was managed by MUFG Intime India Private Limited. The cut-off date for determining voting entitlements was April 10, 2026. The detailed results and the scrutinizer’s report have been uploaded to the company’s website and the Registrar and Share Transfer Agent’s portal.

Voting Summary

Resolution Type Total Votes Polled Votes in Favour Votes Against % in Favour
Special Resolution (Item 1) 94,721,645 94,721,457 188 99.9998
Special Resolution (Item 2) 92,808,716 87,700,948 5,107,768 94.4965
Special Resolution (Item 3) 94,721,645 94,721,443 202 99.9998
Special Resolution (Item 4) 94,721,645 94,186,577 535,068 99.4351
Special Resolution (Item 5) 92,110,876 87,240,068 4,870,808 94.7120
Ordinary Resolution (Item 7) 36,296,065 36,059,179 236,886 99.3474
Ordinary Resolution (Item 48) 36,296,065 36,295,877 188 99.9995

Historical Stock Returns for Clean Max Enviro Energy Solutions

1 Day5 Days1 Month6 Months1 Year5 Years
+1.16%-7.91%+3.77%+27.94%+27.94%+27.94%

How might the amendments to Clean Max's Object Clause and Articles of Association signal a strategic pivot in its business model or expansion into new energy segments?

What impact could Mr. Dinesh Khara's appointment as Independent Director have on Clean Max's access to institutional financing and its growth trajectory in the renewable energy sector?

Given the notable ~5.5% opposition on Item 2 related to the ESOP scheme amendments, what concerns might minority shareholders have about dilution, and how could management address them?

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