Relaxo Footwears Limited has executed definitive agreements with Clean Max MUOI Private Limited and Clean Max Enviro Energy Solutions Limited to procure renewable energy for its manufacturing facilities in Haryana. This move secures a dedicated power supply through the group captive mechanism, aiming to stabilize energy costs and enhance sustainability metrics.

Agreement details and structure

The company disclosed the development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The agreements were signed on October 5, 2026, following earlier intimations made on May 28, 2026, and June 16, 2026.

The transaction involves three key documents:

• Energy Supply Agreement: Governs the procurement of power.
• Investment Agreement: Includes Share Purchase and Shareholding Agreements for the Special Purpose Vehicle (SPV).
• Performance Incentive Agreement: Outlines performance-based terms.

The counterparty is Clean Max MUOI Private Limited, which serves as the SPV. Clean Max Enviro Energy Solutions Limited acts as the promoter of this SPV. The structure allows Relaxo Footwears to invest in the SPV specifically for the purpose of generating or procuring green energy for its own consumption.

Strategic implications for operations

This partnership marks a significant step in Relaxo Footwears' operational strategy. By leveraging the group captive mechanism, the company can bypass open market volatility in electricity tariffs. The agreements are specifically tailored for facilities located in Haryana, a key manufacturing hub for the footwear sector.

What the numbers show

While specific financial values of the investment are not disclosed in this filing, the structural commitment indicates a long-term operational dependency on this new energy source. The execution of an Investment Agreement alongside supply contracts suggests that Relaxo Footwears is taking an equity stake or significant financial interest in the generation asset itself, rather than merely purchasing power as a third-party consumer. This typically offers better cost control and potential returns from the asset over time compared to pure power purchase agreements.

Relaxo Footwears Limited has accepted the resignation of Ankit Jain, its Company Secretary and Compliance Officer. Jain, who also served as a Key Managerial Personnel and Senior Management Personnel, will be relieved from his responsibilities with effect from the close of business hours on November 3, 2026.

The resignation letter was tendered by Jain on September 7, 2026, and formally accepted by the company's management on September 29, 2026. The disclosure was made to BSE and National Stock Exchange of India under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Reason for departure

In his resignation letter, Jain stated that the decision was made after considering his professional aspirations. He confirmed that there is no other material reason for his resignation apart from this. The company acknowledged receipt of the letter and initiated necessary formalities for his relieving, including statutory compliances related to the change in KMP.

Disclosure details

The following table outlines the key particulars disclosed regarding the cessation of services:

Jain expressed gratitude for the opportunities and support gained during his tenure, noting it was a privilege to contribute to the company's growth and compliance initiatives.