Clean Max Enviro Energy Solutions Ltd Receives Upgraded Ratings for Debentures and Bank Loans
Clean Max Enviro Energy Solutions Ltd received ratings from CARE Ratings Limited on May 20, 2026, detailing upgrades and reaffirmations across its non-convertible debentures and various bank loan facilities. The review covered the company's operational and financial performance for FY26.The rating confirmation provided details on key borrowings, showing upgrades from A+ (Positive) for both Non-Convertible Debentures (NCDs) and Long-Term Bank Loan Facilities. Short-Term Bank Loan Facilities were reaffirmed.
| Instrument | ISIN | Amount (in Crores) | Rating | Rating Action | Date of Credit Rating |
|---|---|---|---|---|---|
| Non-Convertible Debentures (NCDs) | INE647U 08039 | 400.00 | AA- (Stable) | Upgrade from A+ (Positive) | May 20, 2026 |
| Long-Term Bank Loan Facilities | NA | 3,079.07 | AA- (Stable) | Upgrade from A+ (Positive) | May 20, 2026 |
| Short-Term Bank Loan Facilities | NA | 6,500.00 | A1+ | Reaffirmed | May 20, 2026 |
The company also provided an overview of its total facilities, which amount to Rs.9,579.07 crore (Long Term: Rs.3,079.07 crore; Short Term: Rs.6,500.00 crore).
Detailed Facility Ratings
Long-Term Facilities
The total rating for Long Term Facilities stands at Rs.3,079.07 crore. This includes a detailed breakdown of term loans and fund-based limits:| Facility Type | Name of Bank / Lender | Rated Amount (Rs. crore) |
|---|---|---|
| Term Loan | HSBC Ltd. | 650.00 |
| Term Loan | India Infradebt Ltd. | 370.00 |
| Term Loan | Tata Capital Ltd. | 207.00 |
| Term Loan | IDFC First Bank Ltd. | 75.00 |
| Term Loan | Tata Capital Ltd. | 51.39 |
| Term Loan | ICICI Bank Ltd. | 50.00 |
| Term Loan | India Infradebt Ltd. | 46.28 |
| Term Loan | Kotak Infrastructure Debt Fund Ltd. | 44.33 |
| Term Loan | Tata Capital Ltd. | 38.05 |
| Term Loan | Tata Capital Ltd. | 7.16 |
| Total Term Loan | 1533.10 | |
| Fund Based Limit | ICICI Bank Ltd. | 5.00 |
| Fund Based Limit | IDFC First Bank Ltd. | 0.93 |
| Fund Based Limit | IndusInd Bank Ltd. | 0.83 |
| Total Fund Based Limit | 6.76 |
Total Long Term Facilities: Rs.3,079.07 crore.
Short-Term Facilities
The total Short Term Facilities stand at Rs.6,500.00 crore.| Facility Type | Name of Bank / Lender | Rated Amount (Rs. crore) |
|---|---|---|
| Non-Fund Based Limit | IDFC First Bank Ltd. | 600.00 |
Total Short Term Facilities: Rs.6,500.00 crore.
Non-Convertible Debenture Redemptions
Separately, the company reported the redemption of certain listed and unlisted NCDs on April 2, 2026. Consequently, CARE Ratings Limited withdrew the ratings for:- Non-Convertible Debentures (ISIN: INE647U08013), following the repayment of INR 499 Crore.
- Unlisted NCDs (ISIN: INE647U08021), following the repayment of INR 100 Crore.
CLEANMAX Stock Price Movement
As of 3:09 PM, shares of Clean Max Enviro Energy Solutions Limited are shedding 1.54% in live trading, currently at ₹1205.1. The stock is experiencing significant intraday selling, with 87,355 shares transacting in the market.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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