Date: October 17, 2026

Acquisition / Strategic Actions

Chambal Fertilisers and Chemicals Limited has entered into a Share Purchase Agreement on October 17, 2026 with:

  • M/s. Clean Max Enviro Energy Solutions Limited (Clean Max Enviro)
  • M/s. Clean Max Hachi Private Limited (Special Purpose Vehicle or SPV)

The agreement is for the acquisition of a 26% stake in the captive power generation facility (SPV) from an existing shareholder, Clean Max Enviro.

Target Entity Details:

  • Name: Clean Max Hachi Private Limited (SPV)
  • Authorized Share Capital: ₹30,00,000 divided into 3,00,000 Equity Shares of face value ₹10/- each
  • Operational Status: SPV has not commenced operations yet
  • Industry: Power generation
  • Date of Incorporation: June 17, 2026 under the Companies Act, 2013
  • Country of Presence: India
  • Financial History: The SPV has not commenced operations and does not have any reportable financials as of the submission date

Transaction Details:

  • Acquisition Type: 26% stake acquisition in SPV
  • Consideration: Cash only
  • Investment Amount: Up to ₹6 Crore for acquisition/subscription of 26% of paid-up capital
  • Completion Timeline: Within two months of execution of Share Purchase Agreement
  • Related Party Status: The acquisition does not fall within the purview of related party transaction. The promoter/promoter group of the Company have no interest in the SPV.
  • Government Approvals: Not Applicable

Strategic Rationale and Impact:

  • Development and operation of a captive power generation facility in the state of Rajasthan
  • Hybrid wind-solar capacity of 5 MW
  • To partly replace purchased grid power with renewable energy power
  • Expected to achieve substantial cost savings
  • Supports the sustainability objectives of the Company

Other Operational / Legal / Strategic Disclosures

No material disclosures under the following sections:

  • KMP / Board / Auditor Changes
  • Dividend Declaration or Non-Declaration
  • Board Meeting Outcomes
  • Financial Results (Standalone & Consolidated)
  • Auditor's Report
  • Media Release / Investor Communication