Clean Max Enviro Energy Solutions Limited has informed the Exchange about Notice of Postal Ballot
CLEANMAX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Clean Max Enviro Energy Solutions Limited has issued a postal ballot notice with 48 resolutions for shareholder approval. Key items include amendments to the Memorandum of Association to expand business objects to cover carbon removal/reduction, EV charging infrastructure, and carbon credit trading; appointment of Mr. Dinesh Khara as Non-Executive Independent Director for 3 years at INR 1 crore annual remuneration; ratification of the Amended and Restated ESOP Scheme 2015 (up to 44,35,872 options); and 42 separate material related party transaction approvals with multiple wholly-owned subsidiaries and subsidiaries totaling amounts like INR 664.88 crore and INR 1,279.50 crore. Voting period runs from April 18 to May 17, 2026, with April 10, 2026 as the cut-off date.
Shareholders should carefully review the Related Party Transaction approvals as they involve significant amounts with multiple subsidiaries. The MOA amendment signals potential business diversification into carbon markets and EV infrastructure, while the ESOP extension to subsidiaries may dilute EPS. The Independent Director appointment and remuneration are routine governance matters.