Date: 14 August 2026

Board Meeting Outcomes

Pursuant to the authorisation of the Board of Clean Max Enviro Energy Solutions Limited, the Company and debenture holders along with the debenture trustee have considered and approved certain amendments in the terms and conditions of the Debenture Trust Deed dated 27 October 2025 subject to regulatory approvals.

Fundraising / Financing

The Company sought in-principle approval for amendment in certain terms and conditions of the Debenture Trust Deed under Regulation 59(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, as amended.

BSE Limited granted In-Principle approval for the modification vide its letter dated 14 August 2026 (DCS/COMP/AS/IP/46/26-27). The approval specifically covers modification of the nature of the Debentures from unsecured debentures to secured debentures of a face value of ₹1,00,000 each.

Instrument Details:

  • Number of Debentures: 40,000 (Forty Thousand)
  • Face Value: ₹1,00,000 (Indian Rupees One Lakh) each
  • Aggregate Nominal Value: ₹400,00,00,000 (Indian Rupees Four Hundred Crores)

Conditions for Approval:

1. Submission of letter/s issued by National Securities Depository Ltd. and/or Central Depositories Services (India) Ltd. confirming the proposed modifications in the structure/terms of the NCDs.

2. Certified true copy of the In-principle approval received from National Stock Exchange (if applicable)

3. Compliance with the applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as on date.

4. Compliance with applicable provisions of the Companies Act, 2013 and other applicable laws

5. Compliance with change in the guidelines, regulations, directions of the Exchange or any statutory authorities, documentary requirements from time to time.

The Exchange reserves its right to withdraw its In-principle approval at any later stage if the information submitted to the Exchange is found to be incomplete/incorrect/misleading/false or for any contravention of Rules, Bye-laws and Regulations of the Exchange, Listing Agreement, Guidelines/Regulations issued by the statutory authorities etc.

This In-principle approval is valid for a period of 3 months from the date of issue of this letter (14 August 2026).

Specific Modifications to Debenture Trust Deed

The following key modifications were approved:

Recital (B): The Debentures are proposed to be described as listed, rated, redeemable and non-convertible but not "unsecured" (previously described as unsecured).

Recital (F): The recital is proposed to record that the Deed is being amended and restated in respect of certain terms and conditions.

Definition of Permitted Indebtedness (Clause 1.1): The definition is proposed to include "any Financial Indebtedness permitted in writing by the Debenture Trustee".

Definition of Permitted Guarantee (Clause 1.1): The definition is proposed to include "any guarantees permitted in writing by the Debenture Trustee".

Definition of Permitted Encumbrance (Clause 1.1): The definition is proposed to include "any Encumbrance permitted in writing by the Debenture Trustee".

Clause 1.2 (Principles of Construction): The clause is proposed to include a separate sub-clause in relation to interpretation of the date of execution the original Deed i.e. October 27, 2025.

Clause 9 (Pre-Authorisation to the Debenture Trustee): For completeness, the clause is proposed to make specific mentions to the Cash Coupon amounts along with the Redemption Account.

Clause 19.1.1(b) under Clause 19.1 (Security): This sub-clause is proposed to also include extension of the first ranking charge on perpetual debt in addition to the inter-corporate borrowings.

Clause 19.4.6 under Clause 19.4 (Continuing Security and Other Undertakings): "Perpetual debt" is proposed to be added to the clause along with shares, LLP units/contributions and inter-corporate loans, over which the Project Lenders hold Encumbrances.

Schedule XIII - Part A (Inter-corporate Borrowings and/or Perpetual Debt) and Part B (Pledged Securities (Project Companies)): The tables are proposed to be updated to reflect the revised security cover: companies whose shares are pledged and the assets on which a charge is created in favour of the Debenture Trustee.

Schedule XIV (Methodology of Valuation): The methodology of valuation of the security cover now proposes to include investments which have been hypothecated such as perpetual debt, in the security value.

Compliance Officer Details

Ullash Chandra Parida, Company Secretary and Compliance Officer (Membership No.: FCS 8689) signed the disclosure on 14 August 2026 from Mumbai.