Transaction Details
The Board of Directors of Clean Max Enviro Energy Solutions Limited approved on 30 October 2026 the sale of 2,600 shares representing 26% of the total paid-up share capital of Clean Max Alps Private Limited to Bayer Vapi Private Limited.
Financial Considerations
The sale consideration is INR 26,000 for the 2,600 shares. The consideration will be received after execution of the Share Purchase Agreement between Clean Max Enviro Energy Solutions Limited, Clean Max Alps Private Limited, and Bayer Vapi Private Limited.
Subsidiary Information
Clean Max Alps Private Limited (CIN: U35105MH2024PTC436647) was incorporated under the Companies Act, 2013 on 18 December 2024. The subsidiary has not contributed to turnover, revenue, income, or net worth during the last financial year.
Transaction Timeline
The Share Purchase Agreement is expected to be entered into on or before 31 December 2026, or such other date as may be mutually agreed between the parties. The expected completion date of the sale is also on or before 31 December 2026, or such other mutually agreed date.
Buyer Information
The buyer is Bayer Vapi Private Limited (CIN: U99999GJ1990PTC049322) with its Registered Office at Plot No 306/3, 2nd Phase, GIDC, Vapi, Gujarat, India, 396195. The buyer does not belong to the promoter/promoter group/group companies of Clean Max.
Documentation and Disclosure
The disclosure was made by Ullash Parida, Company Secretary and Compliance Officer (Membership No.: FCS 8689) on 30 October 2026 from Mumbai. The information will be made available on the company's website www.cleanmax.com.
#Tags: #CleanMax #SubsidiarySale #SEBIDisclosure #RegulatoryCompliance #CorporateRestructuring #Neutral