Clean Max Enviro Energy Solutions Limited has announced the execution of a share purchase agreement to sell its wholly owned subsidiary Clean Max Hana Private Limited to TCPL Packaging Limited. The transaction, valued at ₹26,000, was formalized through an agreement signed on 9 March 2026 between Clean Max Enviro Energy Solutions Limited, Clean Max Hana Private Limited, and TCPL Packaging Limited.

Transaction Details

The key parameters of the subsidiary sale are outlined below:

About Clean Max Hana Private Limited

Clean Max Hana Private Limited was incorporated under the Companies Act, 2013 on 18 June 2025. As a recently established entity, the subsidiary has not contributed to turnover, revenue, income, or net worth during the last financial year. The company operates as a wholly owned subsidiary of Clean Max Enviro Energy Solutions Limited.

Buyer Information

TCPL Packaging Limited, the acquiring company, has its registered office at Empire Mills Complex, 414, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013, Maharashtra, India. The buyer does not belong to the promoter, promoter group, or group companies of Clean Max Enviro Energy Solutions Limited.

Regulatory Compliance

The transaction details were disclosed in compliance with Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key regulatory aspects include:

• The transaction does not fall within related party transactions
• The sale is not part of any scheme of arrangement
• The disclosure follows SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January 2026

The completion of this subsidiary sale is expected to be finalized on or before 31 March 2026, or such other date as may be mutually agreed between the parties involved.

Clean Max Enviro Energy Solutions made its stock market debut on the BSE with a listing price below its initial public offering (IPO) issue price. The renewable energy company's shares opened at Rs 952.2 per share, representing a significant discount from the IPO price.

Listing Performance Details

The company's stock market debut showed the following performance metrics:

Market Reception

The listing price of Rs 952.2 indicates that investors valued the company below the price set during its public offering process. This discount of Rs 100.8 from the issue price of Rs 1,053 suggests cautious market sentiment towards the renewable energy sector player at the time of its market debut.

Company Background

Clean Max Enviro Energy Solutions operates in the renewable energy sector, focusing on environmental solutions and clean energy initiatives. The company's public listing on the BSE marks its entry into the public markets, providing investors with an opportunity to participate in the renewable energy space through equity investment.

The stock's performance on its debut day will be closely watched by market participants as an indicator of investor appetite for renewable energy companies and the broader clean energy sector in the Indian capital markets.