Intimation under Regulation 30 of SEBI LODR Regulations
CLEANMAX · price
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Apple India Private Limited has completed its acquisition of equity shares in Clean Max Taurus Private Limited on 14 May 2026 through a private placement. Following this transaction, Clean Max Taurus Private Limited has ceased to be a wholly owned subsidiary of Clean Max Enviro Energy Solutions Ltd. This is a follow-up to the company's previous disclosure dated 07 May 2026. The acquisition was made on a private placement basis, meaning Apple India purchased newly issued shares directly from the subsidiary.
This partial divestment of a subsidiary stake to Apple India reduces Clean Max's ownership structure but may bring strategic value through association with a major technology company. Shareholders should monitor for further disclosures regarding the exact stake percentage acquired and any impact on consolidated financials.