Clean Max Enviro Energy Solutions Limited has informed the Exchange regarding a press release dated May 20, 2026, titled "CleanMax Secures Credit Rating Upgrade to AA-/Stable from CARE Ratings Limited".
CLEANMAX · price
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On the reaction day the stock moved 0.8 pts less than Nifty Smallcap 250 and in line with its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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CARE Ratings has upgraded CleanMax's credit rating to AA-/Stable from the earlier A+/Positive. The upgrade applies to the company's long-term bank facilities and non-convertible debentures. This reflects CleanMax's strengthened financial profile, consistent operational performance, and improving scale of business in India's renewable energy sector. For FY26, CleanMax reported its highest-ever consolidated EBITDA of ~₹1,295 crore, up 28% year-on-year, with consolidated PAT at ~₹85.6 crore (4.4x the prior year). The company also expanded its contracted renewable energy portfolio to 5.7 GW with ~3.1 GW operational capacity. The CFO noted the upgrade should strengthen the company's leverage profile and potentially lower its cost of financing.
A rating upgrade to AA-/Stable signals stronger creditworthiness and improved financial standing, which could lower borrowing costs, attract more institutional investors, and positively influence the stock's appeal to shareholders.