Clean Max Enviro Energy Solutions Approves Corporate Guarantee for Subsidiary's Term Loan Facility
Clean Max Enviro Energy Solutions Limited has approved the issuance of a corporate guarantee in favour of a lender, securing term loan facilities availed by its subsidiary, Clean Max Aria Private Limited. The decision was made by the Risk Management Committee of the Board of Directors.The guarantee facility is intended to provide security for the term loans secured by Clean Max Aria Private Limited. As part of the approval process, company sources confirm that the commitment will be provided on an arm's length basis, and the promoter or promoter group holds no interest in this specific transaction.
The corporate guarantee pertains to a facility not exceeding INR 22 Crore. The involvement of the parent company is defined as a contingent liability for Clean Max Enviro Energy Solutions Limited, though there was no immediate impact reported on the consolidated financial standing of the listed entity at the time of approval.
Key details regarding the transaction are summarized below:
| Detail | Information |
|---|---|
| Guaranteed Entity | Clean Max Aria Private Limited |
| Nature of Guarantee | Corporate Guarantee for Term Loan Facility |
| Maximum Guarantee Amount | INR 22 Crore |
| Promoter Interest | None; transaction is arm's length |
| Impact on Listed Company | Contingent liability; currently no impact reported |
CLEANMAX Stock Price Movement
Clean Max Enviro Energy Solutions Limited saw shares edge higher today, settling at ₹1265.50 after gaining 0.52%. The stock traded actively during the session, registering a volume of 50,155 shares and moving within the intraday range defined by ₹1255 to ₹1298.10.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.