Please find enclosed Press Release titled "CleanMax secures Credit Rating Upgrade to AA-/Stable from CARE Ratings Limited" to be issued by Clean Max Enviro Energy Solutions Limited
CLEANMAX · price
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CleanMax has received a credit rating upgrade from CARE Ratings, moving from 'CARE A+/Positive' to 'CARE AA-/Stable'. The upgrade applies to the company's long-term bank facilities and non-convertible debentures. For FY26, CleanMax reported its highest-ever consolidated EBITDA of approximately ₹1,295 crore, marking 28% year-on-year growth, while consolidated PAT reached approximately ₹85.6 crore, which is 4.4 times the previous year. The company expanded its contracted renewable energy portfolio to 5.7 GW with operational capacity of approximately 3.1 GW. The upgrade reflects the company's strengthened financial profile, consistent operational performance, improving scale of business, and prudent financial management.
This rating upgrade is a significant positive development for shareholders, as it signals the company's improved creditworthiness, stronger debt servicing capability, and healthy liquidity position. It may lead to a lower cost of borrowing and better access to capital markets for CleanMax.