Nature of the Event:

The Stakeholders Relationship Committee of the Board of Directors approved the allotment of equity shares on 30 July 2026.

Key Quantitative Figures:

  • A total of 35,800 equity shares of face value ₹1 each were allotted.
  • This comprises two components:
  • 17,900 equity shares allotted pursuant to the exercise of vested stock options at an exercise price of ₹1 per option.
  • 17,900 bonus shares allotted pursuant to a bonus issuance in the ratio of 1:1.
  • The money realized from the exercise of options was ₹17,900.

Dates of Action:

  • Committee approval date: 30 July 2026
  • Shareholder approval date for the bonus issuance: 8 August 2025

Parties Involved:

  • The allotment was made to eligible employees under the Clean Max Enviro Energy Solutions Limited Employee Stock Option Scheme 2015 (CMES ESOS).

Regulatory References:

  • The disclosure is made under SEBI Listing Regulations, Regulation 30 and Schedule III.
  • The scheme is in terms of SEBI (Share Based Employee Benefits) Regulations, 2021.
  • Reference is made to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January 2026.

Financial and Capital Structure Impact:

  • Consequent to the allotment, the paid-up share capital of the Company increased from ₹11,72,35,370 (11.72 crore) to ₹11,72,71,170 (11.73 crore).
  • The newly allotted equity shares will rank pari-passu with the existing equity shares of the Company in all respects.
  • The equity shares allotted are not subject to any lock-in period.

Scheme Details from Annexure A:

  • Each stock option is convertible into one fully paid-up equity share of face value ₹1.
  • The exercise price was ₹1 per option.
  • The 17,900 options exercised had duly vested prior to the date of exercise.
  • No variation has been made in the terms of the options. However, the entitlement was adjusted for a prior sub-division of shares (from ₹10 to ₹1 face value) and the bonus issue.
  • The diluted earnings per share remain unaffected as the quantity of shares allotted is considered negligible.

Additional Information:

  • The detailed disclosure (Annexure A) is enclosed with the letter and will be made available on the Company's website www.cleanmax.com.
  • The letter was signed by Ullash Chandra Parida, Company Secretary and Compliance Officer (Membership No.: FCS 8689).