Clean Max Enviro Energy Solutions Limited has informed the Exchange about issuance of Corporate Guarantee for Clean Max Narmada Private Limited and Clean Max Iguazu Private Limited, which are subsidiaries of the Company on 24 March 2026
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Clean Max Enviro Energy Solutions Limited has issued corporate guarantees for two of its subsidiaries — Clean Max Narmada Private Limited (INR 33.85 crore) and Clean Max Iguazu Private Limited (INR 30.50 crore) — totaling INR 64.35 crore. These guarantees have been extended to lenders as security against term loan facilities availed by the respective subsidiaries. The company has stated the transaction is at arm's length, with no interest from the promoter group or group companies. As of the date of disclosure, the guarantees are treated as contingent liabilities with no current impact on the company.
While there is no immediate impact on the company, shareholders should note that the parent has now extended contingent liabilities of about INR 64.35 crore on behalf of subsidiaries, which increases off-balance-sheet exposure. If subsidiaries default on these loans, the parent would be liable to repay.