Clean Max Enviro Energy Solutions Limited to Sell Shares in Subsidiaries to SAMHI Hotels and Nuvoco Vistas
Clean Max Enviro Energy Solutions Limited has approved the sale of shares in two of its wholly owned subsidiaries, Clean Max Solomon Private Limited and Clean Max Ilgohp Private Limited. The transaction details confirm that the sales were approved by the Company’s Board of Directors on April 28, 2026.The sale involves 4,900 shares held by Clean Max Enviro Energy Solutions Limited in Clean Max Solomon Private Limited, which is a wholly owned subsidiary of SAMHI Hotels Limited. Separately, the Company plans to sell 2,600 shares of Clean Max Ilgohp Private Limited, a wholly owned subsidiary of Nuvoco Vistas Corporation Limited.
The sale transactions are expected to conclude on or before June 30, 2026, or an alternate date mutually agreed upon by the respective parties. The Company is scheduled to execute the Share Purchase Agreement on or before June 30, 2026.
The financial details and buyer information for the two transactions are presented below:
| Detail | Clean Max Solomon Private Limited Sale | Clean Max Ilgohp Private Limited Sale |
|---|---|---|
| Shares Sold | 4,900 shares | 2,600 shares |
| Buyer | SAMHI Hotels Limited | Nuvoco Vistas Corporation Limited |
| Consideration Received | INR 49,000 | INR 26,000 |
| Buyer Promoter Status | Does not belong to the promoter/promoter group/group companies. | Does not belong to the promoter/promoter group/group companies. |
| Related Party Transaction | No | No |
Regarding the subsidiaries, records indicate that Clean Max Solomon Private Limited was incorporated on April 23, 2025, and Clean Max Ilgohp Private Limited was incorporated on October 24, 2025. The filing notes that neither subsidiary has contributed to the turnover, revenue, income, or net worth during the last financial year.
CLEANMAX Stock Price Movement
On Tuesday, Clean Max Enviro Energy Solutions Limited shares edged higher, gaining 0.88% to settle at ₹1070.9. The stock successfully reached its 52-week high of ₹1095.15 during the trading session, recording a total volume of 100,299 shares.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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