Clean Max Enviro Energy Solutions Limited shares surged more than 4% in early trade on March 17, 2026, following the company’s announcement of a strategic acquisition aimed at strengthening its renewable energy portfolio. The stock touched an intraday high of ₹899.00, compared to its previous close of ₹859.60, reflecting positive investor sentiment around the deal.
The company has entered into an agreement to acquire 100% equity shares of Kintech Solarbikaner Private Limited for a total consideration of ₹38.06 crore. The transaction, which will be completed entirely in cash, is expected to be finalised by March 31, 2026.
This acquisition is aligned with Clean Max Enviro’s strategy to expand its wind-solar hybrid renewable energy capacity, particularly in Gujarat. The move is seen as part of the company’s broader push to scale up its presence in India’s fast-growing clean energy sector.
Kintech Solarbikaner Private Limited, incorporated on May 31, 2023, operates in the renewable energy generation space. The company has not reported any turnover so far and had a net worth of ₹-82,690 as of the financial year 2025. Despite its early-stage financials, the acquisition is aimed at leveraging future project potential rather than existing revenues.
Clean Max Enviro clarified that the transaction does not fall under related party transactions, and no regulatory or governmental approvals are required, ensuring a smooth execution timeline.
From a stock performance perspective, Clean Max Enviro traded in the range of ₹858.70 to ₹899.00 during the session so far. The stock has a 52-week range between ₹768.00 and ₹960.00, indicating that it is currently trading closer to its upper range. The opening price for the day stood at ₹870.00.