Meeting Details

The 16th Annual General Meeting was held on Friday, 24 July 2026 at 03:00 p.m. (IST) through Video Conference/Other Audio-Visual Means. The deemed venue was the Registered Office of the Company at 4th Floor, The International, 16 Maharshi Karve Road, New Marine Lines, Cross Road No. 1, Churchgate, Mumbai - 400020, Maharashtra, India.

Attendees

Directors Present:

  • Mr. Kuldeep Jain - Managing Director and Chairperson of AGM
  • Mr. Pratap Jain - Non-Executive Director
  • Mr. Nawal Saini - Non-Executive Director
  • Mr. Dinesh Khara - Non-Executive Independent Director
  • Ms. Shilpa Divekar Nirula - Non-Executive Independent Director and Chairperson of the Audit Committee
  • Mr. Ajay Kaul - Non-Executive Independent Director and Chairperson of the Nomination and Remuneration Committee
  • Mr. Santosh Janakiram Iyer - Non-Executive Independent Director and Chairperson of the Stakeholders Relationship Committee

In Attendance:

  • Mr. Ullash Chandra Parida - Company Secretary and Compliance Officer
  • Mr. Nikunj Gopal Ghodawat - Chief Financial Officer

Invitees:

  • Representatives from Statutory Auditors (M/s. B S R & Co. LLP)
  • Representatives from Secretarial Auditors (M/s. BNP and Associates)
  • Representatives from Cost Auditors (M/s. Joshi Apte & Associates)
  • Representatives from Internal Auditors (Protune KSA Consultants Private Limited)
  • Ms. Nikita Mahavir Kothari - Proprietor of M/s. N Kothari & Associates, Practicing Company Secretaries (Scrutinizer)

Summary of Proposed Resolutions

The meeting transacted 56 items of business, all requiring Ordinary Resolutions:

Ordinary Business:

1. To receive, consider and adopt the Audited Standalone Financial Statements for FY ended 31 March 2026 with Reports of Board of Directors and Auditors

2. To receive, consider and adopt the Audited Consolidated Financial Statements for FY ended 31 March 2026 with Reports of Auditors

3. To re-appoint Mr. Murzash Manekshana (DIN:00207311) who retires by rotation

4. To ratify remuneration of M/s. Joshi Apte & Associates, Cost Accountants for FY 2026-27

5. To appoint M/s. BNP & Associates as Secretarial Auditors for 5 consecutive years

Special Business (Items 6-56):

Approval of Material Related Party Transactions with numerous subsidiary companies including:

  • Clean Max Ajanta Private Limited
  • Clean Max Terra Private Limited
  • Clean Max Vayu Private Limited
  • Clean Max Ahhope Private Limited
  • Clean Max Astria Private Limited
  • Clean Max BIAL Renewable Energy Private Limited
  • Clean Max Como Private Limited
  • Clean Max Eliora Private Limited
  • Clean Max Kenai Private Limited
  • Clean Max Ni Private Limited
  • Clean Max Prithvi Private Limited
  • Clean Max Scorpius Private Limited
  • Kanoo Cleanmax Renewables Assetco W.L.L. (Joint Venture)
  • And 43 additional related party transactions between various subsidiary entities

Voting Process and Methods

The remote e-Voting period commenced at 9:00 a.m. (IST) on Tuesday, 21 July 2026 and ended at 5:00 p.m. (IST) on Thursday, 23 July 2026. During the AGM, facility to vote on resolutions through e-voting system (InstaVote) was made available for 15 minutes to members who participated in the AGM and had not cast their votes through remote e-voting.

Scrutinizer's Role

Ms. Nikita Mahavir Kothari, proprietor of M/s N. Kothari & Associates, Practicing Company Secretaries, was appointed to scrutinize the voting process in a fair and transparent manner in terms of applicable provisions of the Companies Act, 2013, Rules made thereunder, Circulars and SEBI Listing Regulations.

Compliance Statement

The meeting was conducted in compliance with the applicable provisions of the Companies Act, 2013, the Rules made thereunder, the General Circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

Meeting Duration

The Meeting commenced at 03:00 P.M (IST) and concluded at 04:08 P.M (IST).

Additional Information

The Chairperson delivered an opening address highlighting the Company's growth outlook, operational performance, and Action plan for financial year 2026-27. The voting results together with the Scrutinizer's Report would be placed on the Company's website, website of Stock Exchanges and Registrar and Transfer Agent (RTA) and displayed at the Registered Office of the Company.