Clean Max Enviro Energy Solutions has successfully completed the early redemption of its Senior, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) valued at ₹499 crore. The redemption, which was originally due on 8 June 2027, was completed on 2 April 2026, following approvals from debenture holders and the debenture trustee.
The NCDs, each with a face value of ₹10 lakh, were issued on a private placement basis. Clean Max confirmed that it has made timely payments of both interest and principal, adhering to the Securities and Exchange Board of India (SEBI) regulations. The interest payment due on the redemption date amounted to ₹30,85,590, with an additional ₹3,21,192 accounted for tax deducted at source (TDS).
The interest payment was made on a quarterly basis, with no changes in the payment frequency. The last interest payment prior to redemption was made on 27 March 2026. The early redemption was classified as a premature redemption, as opposed to being triggered by call or put options.
The company has stated that there is no outstanding amount remaining on these debentures following the full redemption. This financial manoeuvre highlights Clean Max’s commitment to maintaining its financial health and fulfilling its obligations to investors.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).