Date: June 16, 2026

Board Meeting Outcomes

Disinvestment / Strategic Actions

A Special Purpose Vehicle named Clean Max MUOI Private Limited has been incorporated under the provisions of the Companies Act, 2013. The Ministry of Corporate Affairs issued a Certificate of Incorporation dated June 13, 2026.

Details of the SPV:

  • Name: Clean Max MUOI Private Limited
  • Incorporation Date: June 13, 2026
  • Company Type: Private Limited Company
  • Authorized Share Capital: ₹30,00,000
  • Paid-up Capital: ₹1,00,000
  • Turnover: Nil (the SPV is yet to commence business operations)
  • Industry: Renewable Energy

Transaction Details:

  • The proposed acquisition/subscription does not constitute a related party transaction.
  • The promoter/promoter group/group companies of Relaxo Footwears Limited do not have any interest in the SPV.
  • Object: To meet the Company's green energy needs, optimize energy cost, and comply with regulatory requirements for captive power consumption under the Electricity Act, 2003.
  • No governmental or regulatory approvals are required for the acquisition.
  • The proposed acquisition/subscription is expected to be completed within approximately 60 days from the date of incorporation (June 13, 2026).
  • Consideration: Cash
  • Cost of Acquisition: The Company proposes to invest up to ₹2.50 crores for the acquisition/subscription of ~26% equity share capital of the SPV.

Background of SPV:

  • The SPV is a private limited company incorporated in India on June 13, 2026.
  • It has been incorporated for the development, operation, and maintenance of captive solar power project(s) and allied activities for supplying renewable energy to the Company's manufacturing facilities across Haryana.
  • Turnover for the last three financial years is not applicable as it is a newly incorporated company.
  • The SPV shall operate only in India.

Other Operational / Legal / Strategic Disclosures

This disclosure is made in continuation of an earlier intimation dated May 28, 2026, and pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.