Clean Max Enviro Energy Solutions Limited has approved the sale of 2,600 shares of its wholly owned subsidiary, Clean Max Yuhdul Private Limited, to Tata Communications Limited. The transaction, authorised by the Board of Directors on 4 May 2026, is set to be formalised through a Share Purchase Agreement by 30 June 2026.
The sale is valued at ₹26,000, and Tata Communications, a company with its registered office in Mumbai, does not belong to the promoter or promoter group of Clean Max Enviro Energy Solutions. This transaction does not qualify as a related party transaction, ensuring it is conducted at arm’s length.
Clean Max Yuhdul Private Limited, incorporated on 23 October 2025, has not contributed to the turnover, revenue, income, or net worth of Clean Max Enviro Energy Solutions during the last financial year. The transaction is not part of any Scheme of Arrangement, and the sale does not involve a slump sale.
The details of this transaction are in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the company’s disclosure obligations under Regulation 30.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).