Clean Max Enviro Energy Solutions Limited has successfully secured approximately $575 million through a diversified lender base comprising leading domestic and international banks. The financing, structured via External Commercial Borrowings (ECB), FCNR(B), and INR facilities, will support the build-out of a ~1 GW large-scale, Central Transmission Utility (CTU) connected renewable energy portfolio across Rajasthan and Karnataka. This capital raise underscores strong cross-border lender confidence and supports CleanMax's focus on high-quality renewable assets for the corporate and industrial segment, specifically targeting large tech companies.

The funding brings together global and domestic sources of capital, strengthening CleanMax's balance sheet and supporting its role in India's clean energy transition. The multi-lender structure is designed to align financing tenors with asset development and ensure long-term portfolio stability. The transaction highlights growing confidence among Indian and international lenders across various loan types in India’s renewable energy market and CleanMax’s ability to execute complex, cross-border financings at scale.

Key Financing Details

The capital structure strategically aligns borrowing currency with contracted revenues, comprising USD-denominated loans backed by USD-denominated Power Purchase Agreements (PPAs) and INR-denominated loans backed by INR-denominated PPAs. CleanMax's non-INR-denominated portfolio is currently financed at an interest rate lower than 6%. The specific allocations are as follows:

Strategic Outlook

Mr. Kuldeep Jain, Founder & Managing Director, Clean Max Enviro Energy Solutions Limited, stated that the development marks a step forward in building large-scale, high-quality renewable assets by bringing together global capital and corporate decarbonization at scale. He noted that multi-lender collaborations allow projects to be executed at scale while providing reliable solutions for the commercial and industrial sector.

Mr. Nikunj Ghodawat, Chief Financial Officer, Clean Max Enviro Energy Solutions Limited, added that securing national and international financing of this scale requires careful structuring to balance risk, capital efficiency, and long-term project viability. He emphasized that working with multiple lenders across domestic and international markets allows the company to align financing across multiple SPVs, ensuring predictable cash flows and financial resilience as it expands its portfolio for large tech clients.

These projects reflect a broader shift in renewable energy procurement patterns for new digital-age industries, particularly across high-growth, power-intensive technology-centred sectors such as AI, cloud computing, and data centres. CleanMax was recently upgraded to 'CARE AA-/Stable' by CARE Ratings for its long-term bank facilities and non-convertible debentures, highlighting the company's robust performance, expanding portfolio, and financial strength.

clean max enviro energy solutions is scheduled to participate in Axis Capital's Rising Stars Conference on June 2, 2026, in Mumbai. The meeting serves as an engagement platform with analysts and institutional investors to discuss the company's operations and outlook. The company stated that no unpublished price-sensitive information would be shared during these interactions.

The disclosure was made pursuant to Regulation 30 read with Para A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The schedule for the conference remains subject to change based on exigencies from the investors or the company.

Ullash Chandra Parida, the Company Secretary and Compliance Officer, signed the intimation on May 26, 2026.