Sells minority stakes in three subsidiaries to Schneider, Tablespace, Willowood
CLEANMAX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On 03 July 2026, the board approved selling minority stakes in three wholly-owned subsidiaries to bring in strategic partners. Sells 26% of Clean Max Ichi to Schneider Electric group firms (INR 26,000), 26% of Clean Max Dool to Tablespace Technologies (INR 26,000), and 49% of Clean Max San to Willowood Industries (INR 49,000). Total deal value about INR 1.01 lakh. All three subsidiaries had Nil turnover in FY26 and negligible net worth. Buyers are unrelated to promoters. Share purchase agreements expected by 14 August 2026. Company retains majority stake in each.
Minimal financial impact as subsidiaries have no revenue. Signals early-stage strategic partnerships, with Schneider Electric as a notable partner.