Outcome of Risk Management Committee of the Board of Directors of the Company today i.e. 27 May 2026 approved the provision of hypothecation, pledge and other support in relation to facility availed from Aseem Infrastructure Finance Limited ( Lender ) by Clean Max Emerald Private Limited and Clean Max Teton Private Limited which are subsidiaries of the Company
CLEANMAX · price
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Clean Max Enviro Energy Solutions' Risk Management Committee approved providing hypothecation, pledge and other security support for term loan facilities taken by two subsidiaries from Aseem Infrastructure Finance Limited. Clean Max Emerald Private Limited has INR 108 crore in facilities, while Clean Max Teton Private Limited has INR 61 crore, totaling INR 169 crore in contingent liabilities for the parent company. The transaction is at arm's length with no promoter interest. The company states these guarantees are contingent liabilities forming part of the consolidated group but currently have no direct impact on the listed entity.
This increases parent company exposure as guarantor for subsidiary debt. While the company says there is no current impact, shareholders should note that Clean Max Enviro is now contingently liable for INR 169 crore in subsidiary borrowings, which could affect financial commitments if subsidiaries face difficulties.