Announced Thu, 16 Apr · 20:26 IST

Clean Max Enviro Energy Solutions Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.

CLEANMAX · price

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+4.2%1-day move
₹969.00
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₹969.95
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AI summary

Clean Max Enviro Energy Solutions Limited's Board of Directors, on 16 April 2026, approved amendments to its Memorandum of Association and Articles of Association, subject to shareholder approval. The MOA changes significantly expand the company's business objects to include carbon credit trading, environmental consulting services, renewable energy certificate trading, and EV charging infrastructure operations. The AOA changes involve substituting Part B with provisions from an existing Inter Se Agreement between major shareholders (Kuldeep Jain, Nidhi Jain, KEMPINC LLP, and others dated 30 July 2025) and deleting Parts C and D entirely.

Likely market impact

The expanded MOA signals the company's intent to diversify into carbon markets, consulting, and EV charging—broader than its current renewable energy focus. The AOA changes involving the shareholder agreement suggest potential shifts in governance or control dynamics among founding/promoter shareholders.