Clean Max Enviro Energy Solutions Completes Restructuring of Investments and Subsidiary Assets
Clean Max Enviro Energy Solutions Limited announced significant corporate restructuring agreements, amending its investment structure in Clean Max Taurus Private Limited and completing the transfer of its shares in three subsidiaries.On May 6, 2026, the Company entered into an amended and restated investment agreement with Apple India Private Limited and Clean Max Taurus Private Limited. This revised agreement updates the original Investment Agreement dated December 19, 2025.
Under this arrangement, the Company and Apple India will acquire equity shares of Taurus. The details of this investment are summarized below:
| Partner | Shares Proposed to be Issued | Price Per Share |
|---|---|---|
| Company | 2,38,732 Equity Shares | INR 4,377 |
| Apple India Private Limited | 2,38,976 Equity Shares | INR 4,377 |
Through this acquisition, the Company will maintain 100% shareholding in Taurus, which was incorporated on October 24, 2024. The investment is structured to reflect a revised commercial understanding regarding the sequencing of transactions.
Transfer of Subsidiaries to Taurus
In a separate but related corporate action, the Company executed three separate Amended and Restated Share Purchase Agreements (SPAs) on May 6, 2026. These agreements concern the transfer of the Company's entire shareholding in three subsidiaries to Taurus: Clean Max Ganga Private Limited, Clean Max Kruger Private Limited, and Clean Max Sapphire Private Limited.Following these transfers, the Identified SPVs will continue to be held by the Company through Taurus.
The consideration received for the identified subsidiaries was:
| Subsidiary | Stake Sold | Consideration Received |
|---|---|---|
| Clean Max Ganga Private Limited | 51% stake | INR 19,32,64,205.85 |
| Clean Max Kruger Private Limited | 51% stake | INR 7,15,60,035.11 |
| Clean Max Sapphire Private Limited | 74% stake | INR 1,22,03,21,150.40 |
Operational Details of Taurus
Clean Max Taurus Private Limited, which has a size of 51 MWp solar, was incorporated by the Company for developing, generating, and supplying renewable energy from solar, wind, hybrid, and other sources. The subsidiary reported a loss after tax of approximately INR 68,897 for the financial year 2024-25.The Company confirmed that the transactions constitute related party transactions and are being completed on an arm's length basis. The sale of the subsidiaries' shares resulted in the following financial contributions to the consolidated turnover, income and net worth of the Company during the financial year 2024-25 (as on March 31, 2025):
| Subsidiary | Turnover (INR Crore) | Net Worth (INR Crore) | Revenue (INR Crore) |
|---|---|---|---|
| Clean Max Ganga Private Limited | 0.000 | 0.003 | 0.000 |
| Clean Max Kruger Private Limited | Not applicable since this company was incorporated in FY 2025-26 | Not applicable since this company was incorporated in FY 2025-26 | Not applicable since this company was incorporated in FY 2025-26 |
| Clean Max Sapphire Private Limited | 0.01 | 175.29 | 0.000 |
CLEANMAX Stock Price Movement
As of 11:45 AM, shares of Clean Max Enviro Energy Solutions Limited are slipping by 1.45% in live trading, currently hovering at ₹1162.7. Despite the intraday dip, the stock remains near its 52-week high of ₹1210.9, with 149,445 shares traded in the live session.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.
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