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 Limited has disclosed that Clean Max Taurus Private Limited has ceased to be a wholly owned subsidiary of the company. As a result, the company is required to disclose all outstanding corporate guarantees it had issued on behalf of the former subsidiary. The key guarantee is a corporate guarantee issued in favour of IDBI Trusteeship Services Limited for credit facilities of up to INR 128 crores granted by Tata Capital Limited to Clean Max Taurus Private Limited, dated 29 August 2025. The company states the guarantee is a contingent liability and that there is currently no impact on the listed entity. Promoters and promoter group members have no interest in this transaction, and the guarantee was issued at arm's length.
The cessation of Clean Max Taurus as a wholly owned subsidiary indicates a change in the group's structure. The INR 128 crore contingent liability from the corporate guarantee represents a potential off-balance-sheet risk if the guarantee is invoked upon an event of default by the borrower.