Clean Max Enviro Energy Solutions Limited has informed the Exchange regarding Notice of Postal Ballot
CLEANMAX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Clean Max Enviro Energy Solutions Limited has issued a postal ballot notice seeking shareholder approval for 48 resolutions via remote e-voting from 18 April 2026 to 17 May 2026. Key items include: (1) Amendment to Memorandum of Association to expand business objects to cover carbon removal/reduction solutions, energy efficiency, carbon credit trading, and EV charging infrastructure; (2) Amendment to Articles of Association to substitute Part B with an Inter Se Agreement dated July 30, 2025 and delete Parts C and D; (3) Appointment of Mr. Dinesh Khara as Non-Executive Independent Director for 3 years with remuneration of INR 1 crore per annum; (4) Ratification of Amended and Restated ESOP Scheme 2015 - Amended 2026 with up to 44,35,872 stock options; (5) Extension of ESOP benefits to subsidiary employees; and (6) 42 Material Related Party Transactions with wholly-owned subsidiaries and fellow subsidiaries including Clean Max Alchemy (INR 1,279.50 crore), Clean Max Ahhope (INR 664.88 crore), and others.
The MOA amendment signals business diversification into carbon markets and renewable energy trading, while the Inter Se Agreement amendment reflects changes in shareholder governance. The new independent director appointment and ESOP scheme extension indicate board strengthening and employee retention focus. The 42 related party transactions totaling significant amounts require shareholder approval for arm's length dealings with the company's extensive subsidiary network.