Key Transaction Details
On 9 October 2026, Cleanmax Energy (Thailand) Company Limited ("Cleanmax Energy") and Cleanmax IHQ (Thailand) Company Limited ("Cleanmax IHQ") entered into a Share Purchase Agreement for the acquisition of 100% of the share capital of Massmunch Company Limited. Both acquiring entities are wholly owned subsidiaries of Cleanmax Solar MENA FZCO (Dubai), which is itself a wholly owned subsidiary of Clean Max Enviro Energy Solutions Limited.
Acquisition Structure and Ownership
Following the acquisition, the shareholding in Massmunch Company Limited will be held as follows: Cleanmax Energy will hold 99.99% and Cleanmax IHQ will hold 0.01%. Consequently, Massmunch Company Limited will become a step-down wholly owned subsidiary of Clean Max Enviro Energy Solutions Limited.
Details of the Target Entity (Massmunch Company Limited)
- Name: Massmunch Company Limited
- Industry: Renewable energy generation
- Country of Presence: Thailand
- Date of Incorporation: 27 March 2025
- Financials (as of 31 December 2025): Net worth was Thai Baht 1,213,300. Turnover was Nil.
- Historical Turnover: 31 December 2024 – Not Applicable; 31 December 2023 – Not Applicable.
Transaction Terms
- Consideration Type: Cash consideration
- Enterprise Value: Thai Baht 1,250,000 (One Million Two Hundred Fifty Thousand)
- Percentage Acquired: 100% shareholding
- Indicative Completion Date: 31 October 2026
Purpose and Impact of Acquisition
The acquisition of Massmunch Company Limited is being undertaken to enable growth and further development of the solar renewable energy capacity of Clean Max Enviro Energy Solutions Limited in Thailand.
Regulatory and Related Party Status
The disclosure confirms that this acquisition does not fall within related party transactions. The promoter/promoter group/group companies have no interest in Massmunch Company Limited. No governmental or regulatory approvals are required for the acquisition.
Compliance and Dissemination
The disclosure is made in compliance with SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/l/3762/2026 dated 30 January 2026 (as amended). The information will be made available on the company's website at www.cleanmax.com.