Clean Max Enviro Energy Solutions Provides Corporate Guarantee for Subsidiary's Term Loan Facility
Clean Max Enviro Energy Solutions Ltd has extended a corporate guarantee in favor of its subsidiary, Clean Max Nile Private Limited, concerning term loan facilities the subsidiary has availed. The guarantee provides security for the loans taken by Clean Max Nile Private Limited.The company provided the corporate guarantee as assurance to the lender(s) related to the term loan facilities secured by the subsidiary. The total amount covered by this corporate guarantee is INR 11.35 Crore.
Key details regarding the corporate guarantee and its implications are as follows:
| Aspect | Details |
|---|---|
| Guaranteed Party | Clean Max Nile Private Limited (Subsidiary) |
| Nature of Guarantee | Security in respect of term loan facilities |
| Amount | INR 11.35 Crore |
| Promoter Interest | The promoter and promoter group are not interested in this transaction, and the guarantee is at arm's length basis. |
| Impact on Listed Entity | The corporate guarantee represents a contingent liability for Clean Max Enviro Energy Solutions Ltd, which is part of the consolidated group. As of the date of issuance, there is no impact of this guarantee on the Company. |
The issuance of the corporate guarantee comes from Clean Max Enviro Energy Solutions Limited, and it involves its subsidiary in securing financing necessary for its operations.
CLEANMAX Stock Price Movement
Shares of Clean Max Enviro Energy Solutions Limited shed 2.05% on Thursday, ultimately settling at ₹1352.1. The stock traded amid a volume of 378,172 shares, hovering close to the day's low of ₹1332.8.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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