Risk Management Committee of the Board of Directors of the Company at its meeting held on 08 May 2026 has inter alia approved issuance of Corporate Guarantee.
CLEANMAX · price
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Clean Max Enviro Energy Solutions Limited's Risk Management Committee, in its meeting on May 8, 2026, approved the issuance of corporate guarantees for term loan facilities availed by 13 subsidiary companies. The total guaranteed amount is approximately ₹335.69 crore across subsidiaries including Clean Max Louise Private Limited (₹87 crore), Clean Max Gaia Private Limited (₹41.45 crore), and Clean Max Hydra Private Limited (₹29 crore), among others. The guarantees serve as security for the lenders of these subsidiaries. The company states the guarantees are at arm's length and that promoters have no interest in the transaction. As of now, the company says there is no impact on the parent company as these are contingent liabilities.
This increases Clean Max's contingent liabilities significantly, which could concern investors if any of the subsidiary loans default. The ₹335.69 crore in guarantees represents potential financial exposure for the parent company if subsidiary operations underperform.