Clean Max Enviro Energy Solutions signs amended investment agreement with Apple India

Arunika Jain — Wed, 06 May 2026 19:48:33 +0000

Clean Max Enviro Energy Solutions has entered into an amended and restated investment agreement with Apple India Private Limited and Clean Max Taurus Private Limited. The agreement, originally dated 19 December 2025, was updated on 6 May 2026 to reflect revised commercial understandings.

Under the terms of the amended agreement, Clean Max Enviro Energy Solutions and Apple India will acquire equity shares in Taurus, subject to the completion of certain conditions. Clean Max Enviro Energy Solutions will hold approximately 51% of Taurus’s shareholding, while Apple India will hold around 49%.

The agreement outlines the investment manner, including conditions to be fulfilled by Taurus and Clean Max Enviro Energy Solutions prior to the investment. It also provides for proportionate Board representation rights for shareholders, without the obligation to appoint Board members, and includes customary reserved matter rights for identified matters related to Taurus and its subsidiaries.

Additionally, the agreement imposes customary transfer restrictions on Clean Max Enviro Energy Solutions and Apple India concerning Taurus shares, including a time-bound lock-in period. After this period, Clean Max Enviro Energy Solutions has the right to purchase, and Apple India can require the purchase of all Apple India’s securities and debt in Taurus.

Moreover, Clean Max Enviro Energy Solutions has entered into three amended and restated share purchase agreements with Taurus for its subsidiaries Clean Max Ganga, Clean Max Kruger, and Clean Max Sapphire. These agreements ensure that the subsidiaries will continue to be held by Clean Max Enviro Energy Solutions through Taurus.

The amended agreements also include customary provisions regarding representations, warranties, information and inspection rights, and indemnities. Clean Max Enviro Energy Solutions is obliged to indemnify Apple India for any breach of warranties or applicable laws by the company, Taurus, or its subsidiaries, subject to specified monetary and time caps.

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

Clean Max Taurus | Business Upturn

Clean Max Enviro Energy Solutions signs amended investment agreement with Apple India