Board Approval

The Board of Directors of Clean Max Enviro Energy Solutions Limited approved the sale of shares on 17 August 2026.

Transaction Details

Clean Max Muoi Private Limited Sale

  • Shares Sold: 2,600 shares representing 26% of total paid-up share capital
  • Buyer: Relaxo Footwears Limited (CIN: L74899DL1984PLC019097)
  • Consideration: INR 26,000
  • Buyer Address: Aggarwal City Square, Plot No.-10, Manglam Place, District Centre, Sector-3, Rohini, North West, Delhi, India, 110085
  • Not Related Party: Buyer does not belong to promoter/promoter group/group companies

Clean Max Chin Private Limited Sale

  • Shares Sold: 4,900 shares representing 49% of total paid-up share capital
  • Buyer: VVDN Technologies Private Limited (CIN: U26303HR2007PTC125241)
  • Consideration: INR 49,000
  • Buyer Address: Global Innovation Park, 9th Floor, Plot No. CP-07, Sector 8, IMT Manesar, Gurgaon, Manesar, Haryana, India, 122052
  • Not Related Party: Buyer does not belong to promoter/promoter group/group companies

Transaction Timeline

  • Agreement Date: Share Purchase Agreement to be entered into on or before 30 October 2026 for both transactions
  • Completion Date: Expected on or before 30 October 2026 for both transactions, or such other date as mutually agreed between parties
  • Consideration Receipt: Payment will be received after execution of Share Purchase Agreements

Financial Impact Assessment

Both subsidiaries were incorporated on 13 June 2026 under the Companies Act, 2013:

  • Clean Max Muoi Private Limited (CIN: U35105MH2026PTC472373)
  • Clean Max Chin Private Limited (CIN: U35105MH2026PTC472384)

Zero Financial Contribution: Neither subsidiary contributed to turnover, revenue, income, or net worth during the last financial year due to their recent incorporation.

Additional Information

  • Disclosure will be available on company website: www.cleanmax.com
  • Signed by Ullash Chandra Parida, Company Secretary and Compliance Officer (Membership No.: FCS 8689)
  • Company registered office: 4th Floor, The International, 16 Maharshi Karve Road, New Marine Lines, Cross Road No. 1, Churchgate, Mumbai - 400020, Maharashtra, India