Clean Max Enviro Energy Solutions Limited has executed a Share Purchase Agreement to divest its wholly owned subsidiary Clean Max Andes Private Limited to Web Werks India Private Limited. The transaction, formalized on 10 March 2026, represents a strategic divestment by the renewable energy company.

Transaction Details

The key parameters of the subsidiary sale are outlined below:

Subsidiary Financial Profile

Clean Max Andes Private Limited demonstrated minimal financial activity during the recent period. The subsidiary recorded nil turnover for FY 2024-25, indicating no operational revenue generation. As on 31 March 2025, the subsidiary maintained a negative net worth of ₹1,25,612.04, representing 0% of Clean Max's consolidated net worth.

Buyer Information

Web Werks India Private Limited, the acquiring entity, operates under CIN U72900MH2000PTC127830 with its registered office located at Unit No. 901, Sigma IT Park, Plot no. 203/204, Rabale, Thane, Navi Mumbai, Maharashtra, India, 400701. The buyer does not belong to Clean Max's promoter group or associated companies, ensuring the transaction remains at arm's length.

Regulatory Compliance

The divestment has been disclosed under Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Clean Max confirmed that the transaction does not fall within related party transactions and is not part of any scheme of arrangement. The company has made the transaction details available on its website www.cleanmax.com for stakeholder reference.

Transaction Timeline

The parties have agreed to complete the sale and disposal process on or before 31 March 2026, with flexibility for mutual agreement on alternative completion dates if required. This timeline provides adequate period for fulfilling all regulatory and procedural requirements associated with the subsidiary transfer.

Clean Max Enviro Energy Solutions Limited has announced its board meeting schedule to review quarterly financial performance and ensure regulatory compliance with stock exchange requirements.

Board Meeting Details

The company has scheduled a board of directors meeting for March 17, 2026, pursuant to Regulations 29 and 50 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting will focus on considering and approving the company's financial performance for the recent quarter.

Trading Window Restrictions

In accordance with regulatory requirements, Clean Max Enviro Energy Solutions Limited has implemented trading window restrictions to maintain market integrity during the financial results announcement period. The trading window closure affects all designated persons and insiders of the company.

The trading window remains closed from January 1, 2026, and will continue until 48 hours after the declaration of unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.

Result Accessibility

The company has confirmed that unaudited standalone and consolidated financial results will be made available on its official website at www.cleanmax.com following the board meeting approval. This ensures transparent communication with stakeholders and compliance with disclosure requirements.

The announcement was signed by Ullash Parida, Company Secretary and Compliance Officer, with membership number FCS 8689, dated March 10, 2026, from Mumbai.