Clean Max Enviro Energy Solutions Limited has informed the Exchange about Acquisition of 100% equity shares of Kintech Solarbikaner Private Limited

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AI summary

Clean Max Enviro Energy Solutions has signed a Share Purchase Agreement on 16 March 2026 to acquire 100% equity of Kintech Solarbikaner Private Limited for an enterprise value of INR 38.06 crores in cash. Kintech Solarbikaner operates in renewable energy generation and was incorporated on 31 May 2023, with zero turnover in both FY24 and FY25 and a negative net worth of around INR -82,690 as of FY25. The acquisition is aimed at building out the company's wind-solar hybrid renewable energy capacity in Gujarat, with completion targeted by 31 March 2026. The deal is not a related party transaction and no regulatory approvals are required.

Likely market impact

For shareholders, this is a small, focused acquisition that aligns with Clean Max's core renewable energy business and supports its hybrid capacity expansion in Gujarat. While the deal size is modest (about INR 38 crores) and the target currently has no revenue, it strengthens the company's project pipeline in the wind-solar hybrid space and is unlikely to move the stock meaningfully on its own.