Clean Max Enviro Energy Solutions Limited Announces Sale of Major Stakes in Three Subsidiaries
Clean Max Enviro Energy Solutions Limited has approved the sale of substantial stakes in three of its wholly-owned subsidiaries: Clean Max Ichi Private Limited, Clean Max Dool Private Limited, and Clean Max San Private Limited. The company executed the sales following a Board meeting held on July 3, 2026.
The divestment involves multiple partners. For Clean Max Ichi Private Limited, the Company is selling 2,600 shares, representing 26% of its total paid up share capital. The buyers for this stake include Schneider Electric India Private Limited, Schneider Electric Presidents Systems Limited, and Schneider Electric IT Business India Private Limited. The sale consideration for these shares amounts to INR 26,000.
In the sale of Clean Max Dool Private Limited, the Company is disposing of 2,600 shares, which constitute 26% of the paid up share capital. Tablespace Technologies Limited is set to be the buyer, and the consideration for this transaction is also INR 26,000.
The third subsidiary, Clean Max San Private Limited, will see a sale of 4,900 shares, which accounts for 49% of its total paid up share capital. Willowood Industries Private Limited is set to acquire this stake, with the agreed consideration being INR 49,000.
A summary of the transaction details and subsidiary status are provided below:
| Subsidiary | Stake Sold (Shares) | Percentage | Buyer/Buyer Group | Consideration |
|---|---|---|---|---|
| Clean Max Ichi Private Limited | 2,600 | 26% | Schneider Electric Group entities | INR 26,000 |
| Clean Max Dool Private Limited | 2,600 | 26% | Tablespace Technologies Limited | INR 26,000 |
| Clean Max San Private Limited | 4,900 | 49% | Willowood Industries Private Limited | INR 49,000 |
While the sales were approved on July 3, 2026, the Company indicated that the Share Purchase Agreements for all three transactions will be entered into on or before August 14, 2026. The expected date of completion for these disposals is also set for August 14, 2026, or another mutually agreed upon date.
Financial details regarding the subsidiaries at the time of the transaction included:
- Clean Max Ichi Private Limited: Reported Nil turnover for Fiscal Year 2025-26 and recorded a net worth of INR -0.05 million as of March 31, 2026.
- Clean Max Dool Private Limited: Similarly reported Nil turnover for FY 2025-26 and had a net worth of INR -0.09 million as of March 31, 2026.
- Clean Max San Private Limited: This entity was incorporated on April 11, 2026, and has not contributed to turnover or revenue or income in the last financial year due to its recent establishment.
CLEANMAX Stock Price Movement
Clean Max Enviro Energy Solutions Limited shares slipped by 6.19% to settle at ₹1256.7 on Friday, amid renewed selling pressure. The stock closed near the daily low of ₹1244, having seen a trading volume of 260,003 shares during the 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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