Subject: Outcome of the meeting of Stakeholders Relationship Committee of the Board of Directors of Clean Max Enviro Energy Solutions Limited (Formerly known as Clean Max Enviro Energy Solutions Private Limited) held on 17 July 2026

The Stakeholders Relationship Committee of the Board of Directors, in its meeting held on 17 July 2026, approved the allotment of a total of 9,220 equity shares of face value INR 1 (Indian Rupee One Only) each, fully paid up. This allotment comprises two components:

  • 4,610 equity shares allotted pursuant to the exercise of vested stock options at an exercise price of INR 1 per option.
  • 4,610 bonus equity shares allotted pursuant to a bonus issuance in the ratio of 1:1, which was approved by shareholders via resolution dated 8 August 2025.

This allotment was made under the Clean Max Enviro Energy Solutions Limited Employee Stock Option Scheme 2015 (CMES ESOS), as amended from time to time, to eligible employees.

The equity shares allotted rank pari-passu with the existing equity shares of the Company in all respects.

Consequent to this allotment, the paid-up share capital of the Company increased from INR 11,72,26,150 to INR 11,72,35,370.

The scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Key Terms from Annexure A:

  • Each stock option is convertible into one fully paid-up equity share of face value INR 1.
  • The exercise price is INR 1 (par value) per option.
  • The options exercised had duly vested prior to the date of exercise.
  • Money realized by exercise of options: INR 4,610.
  • The equity shares allotted are not subject to any lock-in.
  • No variation has been made in the terms of the options. However, the entitlement was previously adjusted due to a sub-division of equity shares from face value INR 10 to INR 1 (effective 2 July 2025) and the 1:1 bonus issuance.
  • Diluted earnings per share remain unaffected as the quantity of shares allotted is negligible.

The disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January 2026.

Additional Announcements:

The meeting commenced at 2:30 p.m. and concluded at 02:50 p.m. on 17 July 2026. The outcome will be made available on the Company's website www.cleanmax.com.