Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time
CLEANMAX · price
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Clean Max Enviro Energy Solutions has entered into amended agreements regarding its investment in Clean Max Taurus Private Limited (Taurus). Apple India Private Limited will acquire approximately 49% stake in Taurus (a 51 MWp solar company currently wholly owned by Clean Max), while Clean Max will retain approximately 51%. The share price is INR 4,377 per equity share. Additionally, Clean Max is selling its stakes in three subsidiaries to Taurus: Clean Max Ganga (51% stake for INR 19.33 crore), Clean Max Kruger (51% stake for INR 7.16 crore), and Clean Max Sapphire (74% stake for INR 122.03 crore), totaling approximately INR 148.52 crore. All transactions are related party transactions conducted at arm's length. These are amendments to agreements originally signed in December 2025 and January 2026, with completion expected by mid-May 2026.
Apple India's entry as a strategic investor in Taurus (holding 49%) represents a marquee partnership for Clean Max in the renewable energy space. The restructuring keeps Clean Max's interest intact while bringing in a high-profile partner. No impact on Clean Max's management or control is expected as the company maintains majority ownership in Taurus.