Clean Max Enviro Energy Solutions Limited has informed the Exchange about Addendum to the Shareholders Letters dated 18 March 2026 for Q3 FY2026

CleanMax has issued an addendum to its Q3 FY2026 Shareholders' Letter clarifying the potential impact of Maharashtra's proposed banking norm restrictions and Time-of-Day (ToD) tariffs on its 3 GW operational portfolio. The company analyzed its 570+ customers and 1,200+ PPAs, finding that 48% of run-rate revenue (INR 1,031 Cr) from onsite solar, CTU-connected, and STU Third Party Open Access segments faces zero impact from these regulations. The remaining 52% (INR 1,130 Cr) in STU Group Captive capacity would see a 2.7% EBITDA impact, with solar-only states facing higher impact (5.1%) than wind-solar hybrid states (1.9%). The company concludes that even in a worst-case scenario where all states adopt these regulations immediately and retrospectively, the estimated Run-Rate EBITDA impact remains approximately 1.5%. Minimum Savings Guarantee impact on the operational portfolio is assessed as nil. The addendum highlights CleanMax's hybrid wind+solar solutions as a competitive advantage under the new banking restrictions.