TCPL Packaging acquires 26% stake in Clean Max Hana for Rs 1.09 crore

Business Desk — Mon, 09 Mar 2026 11:03:02 +0000

TCPL Packaging has announced the acquisition of a 26% equity stake in Clean Max Hana Private Limited, a special purpose vehicle (SPV) focused on renewable energy generation and transmission. The acquisition, valued at ₹1.09 crore, aims to meet TCPL’s green energy needs, optimise energy costs, and ensure compliance with regulatory requirements for captive power consumption under electricity laws.

Clean Max Hana, incorporated on 18 June 2025, is tasked with setting up a solar power project with a capacity of approximately 3.05 MWp in Uttarakhand. This acquisition does not fall under related party transactions, and TCPL’s promoters and promoter group companies have no interest in the SPV.

The acquisition was completed upon the execution of the Share Purchase Agreement, with the consideration being entirely in cash. This strategic move aligns with TCPL’s commitment to sustainable energy practices and regulatory compliance.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Business Desk and reviewed by Aditya Bhagchandani before publication.

Clean Max Hana | Business Upturn

TCPL Packaging acquires 26% stake in Clean Max Hana for Rs 1.09 crore