Routine Neutral

2026-11-06 18:36

- Clean Max Enviro Energy Solutions Limited approved the issuance of corporate guarantees on November 6, 2026. - Guarantees are provided for rupee term loan facilities availed by its subsidiaries: Clean Max Iguazu Private Limited (₹31.98 Crore), Clean Max San Private Limited (₹28.02 Crore), and Clean Max Leo Private Limited (₹55 Crore). - Total corporate guarantee amount is ₹115 Crore. - Transactions are conducted at arm's length basis with no promoter interest. - The guarantees will be a contingent liability for the company with no immediate impact.

Routine Neutral

2026-11-06 18:36

- Clean Max Enviro Energy Solutions Limited approved the allotment of 1,24,732 equity shares on November 6, 2026. - Allotment comprises 62,366 equity shares via ESOP exercise at INR 1 per share and 62,366 bonus shares in a 1:1 ratio. - Paid-up share capital increased from INR 11,76,08,856 to INR 11,77,33,588.

Routine Neutral

2026-11-06 18:26

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Business Update Neutral

2026-11-04 22:02

- Audio and video recording of Earnings Conference Call held on 04 November 2026 is available on the company website. - The call pertained to unaudited financial results for the quarter and half-year ended 30 September 2026.

Business Update Positive

2026-11-03 23:05

- CleanMax reported H1 FY2026-27 Adjusted EBITDA of ₹1,047 crore (up 56% YoY) and PAT of ₹120 crore (vs ₹16 crore). - Q2 FY2026-27 Adjusted EBITDA grew 43% to ₹553 crore and PAT grew 82% to ₹65 crore. - Total platform capacity reached 13,199 MW as of September 30, 2026, up 70% from March 31, 2025. - Raised ₹2,500 crore through India's first green bond issuance in the C&I sector, rated CRISIL AA/Stable. - Reiterated guidance of minimum Reported EBITDA of ₹3,000 crore in FY 2027-28.

Governance Neutral

2026-11-03 22:54

- Board approved issuance of listed, rated, redeemable NCDs on private placement basis up to ₹3,000 Crore. - Approved incorporation of a wholly owned subsidiary at GIFT City IFSC with ₹2.10 Crore investment for Global Treasury Centre activities. - Approved unaudited financial results for the quarter and half year ended September 30, 2026.

Business Update Positive

2026-11-03 22:06

- Q2 FY27 Revenue from Operations grew 37% YoY to ₹728 Cr; Adj. EBITDA increased 43% YoY to ₹553 Cr. - Reported PAT surged 82% YoY to ₹65 Cr for the quarter. - Operational RE Power Sales capacity reached 3,638 MW, up ~57% YoY. - Reiterated FY28 guidance of achieving reported EBITDA exceeding ₹3,000 Cr.

Business Update Positive

2026-11-03 21:54

- Q2 FY27 Revenue rose 37% YoY to ₹728 Cr; Adjusted EBITDA increased 43% YoY to ₹553 Cr; PAT grew 1.8x to ₹65 Cr. - Operational RE capacity reached 3.6 GW, with total contracted capacity at 6.3 GW. - Management guided for FY28 reported EBITDA of at least ₹3,000 Cr.

Financials Neutral

2026-11-03 21:42

- Clean Max Enviro Energy Solutions Limited submitted financial results for the period ended September 30, 2026.

Routine Positive

2026-11-03 18:44

- Clean Max Enviro Energy Solutions informed that its wholly owned subsidiary, Surya Energy Photo Voltaic India Private Limited, received an appellate order from the NFAC - CIT(A) for AY 2022-23. - The appellate authority deleted tax assessment additions aggregating to ₹62,15,11,748 made by the Assessing Officer. - There is no adverse financial implication, and the tax/penalty/fine/interest demanded is nil.

Governance Neutral

2026-10-30 23:43

- Clean Max Enviro Energy Solutions Limited has approved the allotment of 3,320 equity shares of face value INR 1 each on October 30, 2026. - Allotment comprises 1,660 equity shares via ESOP exercise and 1,660 bonus shares in a 1:1 ratio. - Paid-up share capital increased from INR 11,76,05,536 to INR 11,76,08,856.

Business Update Neutral

2026-10-30 20:08

- Clean Max Enviro Energy Solutions Limited approved the sale of 2,600 shares (26% stake) in its subsidiary, Clean Max Alps Private Limited, to Bayer Vapi Private Limited. - The total consideration for the 26% stake sale is INR 26,000. - The Share Purchase Agreement is expected to be executed and completed on or before 31 December 2026. - The buyer does not belong to the promoter/promoter group and the transaction is not a related party transaction.

Business Update Neutral

2026-10-30 16:24

Concall Schedule Concall Date: 04 November 2026 Concall Time: 02:00 P.M. IST

Governance Neutral

2026-10-21 19:16

- Clean Max Enviro Energy Solutions Limited announced the outcome of the Risk Management Committee meeting held on 21 October 2026. - Approved the issuance of corporate guarantees for term loan facilities availed by its subsidiaries at arm's length. - Corporate guarantee of INR 79.50 Crore for Clean Max Como Private Limited. - Corporate guarantee of INR 25.50 Crore for Clean Max Roku Private Limited.

Business Update Neutral

2026-10-16 18:49

- Clean Max Enviro Energy Solutions Limited has approved the sale of 2,600 shares (26% stake) in its wholly owned subsidiary, Clean Max Hachi Private Limited, to Chambal Fertilisers and Chemicals Limited. - The total consideration for the sale is INR 26,000. - The transaction is expected to be completed on or before 30 November 2026. - The buyer does not belong to the promoter/promoter group and the transaction is not a related party transaction.

Business Update Positive

2026-10-09 19:00

- Clean Max Enviro Energy Solutions Limited announced that its step-down subsidiaries, Cleanmax Energy (Thailand) and Cleanmax IHQ (Thailand), have entered into a Share Purchase Agreement on October 9, 2026, to acquire 100% share capital of Massmunch Company Limited. - Massmunch Company Limited will become a step-down wholly owned subsidiary of the company, operating in the renewable energy generation sector in Thailand. - The acquisition involves a cash consideration for an enterprise value of Thai Baht 1,250,000, with completion expected by October 31, 2026.

Routine Neutral

2026-10-08 19:42

- Clean Max Enviro Energy Solutions Limited has approved the allotment of 53,336 equity shares of face value INR 1 each on October 8, 2026. - The allotment comprises 26,668 equity shares issued pursuant to the exercise of vested stock options and 26,668 bonus shares in a 1:1 ratio. - Consequently, the paid-up share capital of the company increased from INR 11,75,52,200 to INR 11,76,05,536.

Business Update Neutral

2026-10-07 22:52

- Clean Max Enviro Energy Solutions Limited approved the issuance of a corporate guarantee on 7 October 2026. - Guarantee amount is up to INR 45.09 Crore in favour of the lender for term loan facilities availed by its subsidiary, Clean Max Patagonia Private Limited. - The transaction is at arm's length and creates a contingent liability for the company with no immediate impact.

Business Update Neutral

2026-10-01 18:45

- Clean Max Enviro Energy Solutions Limited has received final approval from BSE Limited on September 30, 2026, for modifying the terms of 40,000 Listed, Rated, Redeemable Non-Convertible Debentures (NCDs). - The mode of security has been changed from Unsecured NCDs to Secured NCDs. - The ISIN has been updated from INE647U08039 to INE647U07049.

Business Update Neutral

2026-09-30 18:18

Concall Schedule Concall Date: 7 October 2026 Concall Time: Not specified (Virtual meeting organized by Avendus Spark)

Business Update Positive

2026-09-30 17:51

- Clean Max Enviro Energy Solutions Limited has received listing approval from BSE Limited for its green debt securities. - Issued 2,50,000 senior, secured, rated, listed, redeemable, non-convertible debentures (NCDs) aggregating to ₹2,500 crore. - Listing approval received on 29 September 2026 across Series A to E.

Business Update Positive

2026-09-29 13:29

Order Win: Clean Max Enviro Energy Solutions Limited partnered with Nuvoco Vistas Corp. Ltd. for a 46.4 MW wind-solar hybrid renewable energy project in Rajasthan Order Value: Not explicitly disclosed, involves long-term clean energy procurement under a group captive structure Completion Timeline: Expected to generate ~100 million units (MU) of renewable electricity annually once operational

Governance Neutral

2026-09-28 20:15

- Clean Max Enviro Energy Solutions Limited submitted the scrutinizer's report and voting results of the postal ballot. - Remote e-voting concluded on 24 September 2026, and results were declared on 28 September 2026. - All 32 ordinary resolutions regarding material related party transactions with various subsidiaries and fellow subsidiaries were passed with the requisite majority.

Business Update Positive

2026-09-28 16:05

CleanMax raised ₹2,500 crore through India's first green bond issuance for the C&I renewable sector. - The NCD issuance is rated CRISIL AA/Stable and structured across five series with maturities ranging from 2 to 10 years and coupons between 8.25% to 8.76%. - The issue was anchored by marquee investors including IFC, NABFID, IIFCL, Aditya Birla Capital, IDFC First Bank, and Nippon India Mutual Fund. - Proceeds will finance or refinance solar, wind, hybrid generation, and battery storage projects.

Financials Positive

2026-09-28 14:23

- Clean Max Enviro Energy Solutions Limited has approved the allotment of green debt securities in the form of Senior, Secured, Rated, Listed Redeemable Non-Convertible Debentures (NCDs) aggregating to ₹2,500 crores across five series (Series A to E) on private placement basis. - The allotment was approved by the Stakeholders’ Relationship Committee on 28 September 2026. - Tenors range from 24 months to 120 months with coupon rates varying from 8.250% to 8.765% per annum payable quarterly.

Ownership Neutral

2026-09-23 13:59

- Allotment of 2,830 equity shares approved on September 23, 2026. comprising 1,415 shares from ESOS exercise and 1,415 bonus shares. - Paid-up share capital increased from INR 11,75,49,370 to INR 11,75,52,200. - Earnings per share remain unaffected as the quantity of shares allotted is negligible.

Business Update Positive

2026-09-21 13:06

- Appointment of Mr. Vipin Balan as Head - Projects, a Senior Management Personnel, effective September 21, 2026. - Sale of 26% stake each in wholly-owned subsidiaries Clean Max Kyuu, Clean Max Roku, and Clean Max Ilgohp Private Limited for ₹26,000 each. These subsidiaries had minimal or negative financial contribution.

Business Update Positive

2026-09-21 12:42

- Appointment of Mr. Vipin Balan as Head - Projects, effective September 21, 2026. - Company divested 26% stake (2,600 shares for ₹26,000 each) in three wholly-owned subsidiaries: Clean Max Kyuu, Clean Max Roku, and Clean Max Ilgohp. - These subsidiaries had not contributed to turnover or net worth, with Clean Max Ilgohp having a negative net worth.

Governance Neutral

2026-09-15 21:05

- Clean Max Enviro Energy Solutions Limited issued a clarification/corrigendum to its Postal Ballot Notice dated 17 August 2026. - It amends the 'Tenure of RPTs' for transactions like Engineering, Procurement and Construction (EPC), Equity Infusion, and Purchase of Modules/Material/Stock. - The tenure is now specified as "3 years commencing from the earlier of the date of approval or the date of signing of the underlying PPA."

Business Update Neutral

2026-09-15 18:44

- Clean Max Enviro Energy Solutions Limited will participate in Analysts/Institutional Investors Meets: - Anand Rathi: G-200 Summit 2026 on Monday, 21 September 2026, in Mumbai. - Morgan Stanley: Energy Security & Powering AI Tour on Tuesday, 22 September 2026, in Mumbai. - Nomura: India Power, Data Center & AI Infrastructure Tour 2026 on Wednesday, 23 September 2026, in Mumbai. - JM Financial Environment & Energy Conclave on Wednesday, 23 September 2026, in Mumbai. - All interactions will be in-person with analysts/institutional investors through one-on-one or group meetings. - No unpublished price-sensitive information will be disclosed during these interactions.

Ownership Positive

2026-09-11 19:33

- Allotment of 17,660 equity shares, comprising 8,830 shares from ESOS exercise and 8,830 bonus shares, approved on September 11, 2026. - Paid-up share capital increased from ₹11,75,31,710 to ₹11,75,49,370. - Diluted EPS remains unaffected due to the negligible quantity of shares allotted.

Business Update Neutral

2026-09-10 17:30

- Analyst/Institutional Investors Meet Scheduled. - Event: Jefferies India Forum 2026. - Date: Thursday, 17 September 2026. - Venue: Gurgaon. - Meeting Type: In-person interaction with Analysts / Institutional Investors (one-on-one / group meetings).

Business Update Neutral

2026-09-09 15:50

- Clean Max Enviro Energy Solutions Limited approved the sale of 4,900 shares (49% stake) in its wholly-owned subsidiary, Clean Max Dynamis Private Limited, to Sunvik Steels Private Limited for INR 49,000. - The subsidiary has not contributed to turnover or net worth. - The transaction is expected to be completed by December 31, 2026.

Business Update Positive

2026-09-08 08:34

- CleanMax received 'CRISIL AA/Stable' corporate credit rating (and for ₹2,500 Cr NCDs), affirming market leadership and financial discipline. - This is expected to enhance capital access, optimize borrowing costs, and supports adding over 1.5 GW capacity in FY27.

Financials Positive

2026-09-07 23:45

- Crisil Ratings has assigned 'CRISIL AA/Stable' rating to Clean Max Enviro Energy Solutions Limited's Corporate Credit Rating and ₹2,500 Crore Non-Convertible Debentures (NCDs). - The outlook is Stable. - The rating reflects a strong market position, diversified portfolio, healthy counterparty risk profile, and adequate operating performance, with comfortable financial risk profile. - Risks include execution challenges for the sizeable under-construction portfolio and susceptibility to regulatory changes.

Ownership Neutral

2026-09-03 16:41

- On Sep 03, 2026, the company allotted 46,978 equity shares (face value ₹1 each). - This comprises 23,489 shares from exercised stock options and 23,489 bonus shares. - Consequent to the allotment, the paid-up share capital increased from ₹11,74,84,732 to ₹11,75,31,710. - Diluted EPS remains unaffected as the quantity of shares allotted is negligible.

Business Update Positive

2026-08-28 19:00

- Order Win: Clean Max Enviro Energy Solutions Limited approved a Term Sheet with Envision Energy India Private Limited for procurement of wind turbine generators, including supervision, technical support for installation, and commissioning services. - Order Value/Capacity: 1,550 MW (310 Wind Turbine Generators of 5 MW each). - Completion Timeline: Definitive Agreements will be executed in seven phases, ending before 31 December 2028.

Business Update Neutral

2026-08-27 20:18

- Investor Meet Schedule - Meet Date: 02 September 2026 (Wednesday) - Location: Mumbai - Meeting Type: In-person interaction with Analysts / Institutional investors

Business Update Neutral

2026-08-26 14:20

- Clean Max Enviro Energy Solutions Limited has prepared its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26. - The report, including an Independent Assurance Statement, is available on the company's website for information.

Governance Neutral

2026-08-25 21:38

- Clean Max Enviro Energy Solutions Limited issued a Notice of Postal Ballot to its members. - The company seeks approval for 32 Material Related Party Transactions (RPTs) with its subsidiaries and fellow subsidiaries. - These RPTs are for an aggregate value up to, for example, INR 604.97 crore with Clean Max Ahhope, INR 2,382.97 crore with Clean Max Kenai, and INR 1,736.24 crore with Clean Max Terra. - The remote e-voting period commences on August 26, 2026, and concludes on September 24, 2026.

Ownership Neutral

2026-08-21 18:11

- On Aug 21, 2026, 13,562 equity shares (FV ₹1) were allotted: 6,781 via ESOS exercise (at ₹1) and 6,781 as 1:1 bonus shares. - Paid-up capital increased from ₹11,74,71,170 to ₹11,74,84,732. - Diluted EPS remains unaffected.

Business Update Neutral

2026-08-17 13:41

- Clean Max approved selling stakes in two wholly-owned subsidiaries: Clean Max Muoi (26% to Relaxo for ₹26,000) and Clean Max Chin (49% to VVDN for ₹49,000). These subsidiaries did not contribute to the company's turnover or net worth last year. Completion by Oct 30, 2026.

Business Update Positive

2026-08-14 23:35

- Clean Max Enviro Energy Solutions received in-principle approval to modify terms of ₹400 Cr NCDs. The debentures will change from unsecured to secured, and the Security Cover Ratio will increase from 0.7 to 1:1. This enhances debt security.

Business Update Neutral

2026-08-11 15:44

- Intimation for the issuance of a corporate guarantee for INR 92 Crore. - The guarantee is for a facility availed by its subsidiary, Clean Max Rudra Private Limited, from Federal Bank Limited. - This creates a contingent liability but has no immediate impact on the Company.

Ownership Positive

2026-08-11 12:35

- On August 11, 2026, the company allotted 2,00,000 equity shares, comprising 1,00,000 from ESOP exercise at INR 1 per share and 1,00,000 bonus shares. - Paid-up share capital increased from INR 11,72,71,170 to INR 11,74,71,170.

Business Update Neutral

2026-08-10 19:24

- Investors Meet Schedule - Event: Motilal Oswal 22nd Annual Global Investor Conference, 2026 - Date: 19 August 2026 - Location: Mumbai - Type: In-person interaction with Analysts / Institutional investors (one-on-one / group meetings)

Business Update Positive

2026-08-07 12:10

- Company reported strong Q1 FY27 performance with PAT of ₹55 crores and revenue more than doubling to ₹832 crores.- EBITDA increased by 74% (cash basis) / 68% (reported basis) to ₹462 crores (reported), with adjusted reported EBITDA at ₹494 crores.- EBITDA margins improved across segments: RE power sales from 76% to 84%, and RE services from 9% to 11%.- Weighted average interest rate declined from 9.4% (April 2025) to 8.4% (June 2026). Credit rating upgraded to AA-.- Added approximately 500 MW new capacity in Q1 FY27, confident to meet or exceed FY27 guidance of 1.5 GW new capacity addition.- Provided FY28 minimum EBITDA guidance of ₹3,000 crores, which is 2.4x FY26 EBITDA.- Identified Data & AI and industrial segments as key growth drivers, with Data & AI growing 10x in 2 years and industrial volumes doubling in 2 years.- Greenlit first BESS investment and sees significant potential for BESS as a service, expecting tariffs of ₹3-4 per unit (excluding generation cost).

Business Update Neutral

2026-08-03 23:56

- Clean Max Enviro Energy Solutions Limited announced the availability of audio and video recordings of its Earnings conference call. - The call, held on August 03, 2026, discussed the financial results for the quarter ended June 30, 2026. - Recordings are available on the company's website.

Business Update Positive

2026-07-31 21:29

- CleanMax recorded 0.53 GW capacity addition in Q1 FY26-27, its largest quarter yet. - The company is on track to achieve its minimum 1.5 GW capacity addition guidance for FY26-27. - Q1 FY26-27 Reported EBITDA grew 68% YoY; Reported PAT turned profitable from a loss last year. - FY27-28 EBITDA guidance set at a minimum of ₹3,000 Cr. - CARE Ratings upgraded the company's credit rating to 'AA-/Stable' in May 2026.

Financials Positive

2026-07-31 19:58

- Consolidated Revenue ₹832 Cr vs ₹402 Cr (▲107% YoY) - Adjusted EBITDA ₹494 Cr vs ₹284 Cr (▲74% YoY) - Reported PAT ₹55 Cr vs ₹(17) Cr (Turnaround from Loss) - RE Power Sales EBITDA Margin 83.7% vs 76.4% (▲730 bps) - RE Services EBITDA Margin 11.2% vs 8.7% (▲250 bps) - Contracted RE Power Sales capacity reached 6 GW as of June 30, 2026. - Company guides RE Power Sales capacity addition of over 1.5 GW in FY27.

Business Update Positive

2026-07-31 19:49

- Board approved the Composite Scheme of Amalgamation of four wholly-owned subsidiaries into Clean Max Enviro Energy Solutions Limited on July 31, 2026. - Aims to simplify holding structure, improve operational efficiencies, reduce costs, and enhance credit profile. - No new shares or cash consideration will be issued.

Business Update Positive

2026-07-31 19:31

- Board approved the issuance of listed, rated, redeemable Non-Convertible Debentures (NCDs) up to ₹2,500 Crores via private placement. - Approved amendment to the Debenture Trust Deed, reclassifying listed debentures from unsecured to secured, enhancing security cover from 0.7x to 1.0x. - Approved a composite scheme of amalgamation/merger of wholly-owned subsidiaries to simplify the structure, improve operational efficiency, and enhance the credit profile. - Unaudited consolidated and standalone financial results for the quarter ended 30 June 2026 (Q1 FY27) were also approved.

Ownership Positive

2026-07-30 12:17

- The Board approved allotment of 35,800 equity shares on 30 July 2026. - This includes 17,900 shares from ESOP exercise and 17,900 bonus shares. - Paid-up share capital increased from ₹11,72,35,370 to ₹11,72,71,170. - Earnings per share remain unaffected.

Governance Neutral

2026-07-28 21:38

- The 16th Annual General Meeting (AGM) of Clean Max Enviro Energy Solutions Limited was held on July 24, 2026. - All 56 resolutions were passed with requisite majority, including the adoption of financial statements, re-appointment of a director, appointment of auditors, and approval of numerous related party transactions.

Business Update Neutral

2026-07-28 16:13

- Concall Schedule - Concall Date: 03 August 2026 - Concall Time: 02:00 P.M. IST - Primary Dial In: +91 22 6280 1488, +91 22 7115 8869 - International dial-in numbers for Hong Kong, Singapore, UK, and USA are provided. - Pre-registration and webcast links are also available for the call.

Governance Neutral

2026-07-24 22:04

- The 16th Annual General Meeting (AGM) of Clean Max Enviro Energy Solutions Limited was held on Friday, July 24, 2026, at 03:00 p.m. (IST) via video conference. - Key resolutions included the adoption of Audited Standalone and Consolidated Financial Statements for FY26, re-appointment of a Director, and approval of various Material Related Party Transactions. - The Chairperson expressed confidence in the Company's growth outlook and operational performance for FY26-27, reaffirming commitment to sustainable growth.

Business Update Positive

2026-07-24 20:39

- Approved sale of 26% stake each in Clean Max Sau Private Limited and Clean Max Ni Private Limited for ₹26,000 each. Both were non-contributing subsidiaries. - Acquired 26% stake in Clean Max Uno Private Limited for ₹1.25 Cr, making it a wholly-owned subsidiary to enable growth in renewable energy generation. - Board approved transactions on July 24, 2026.

Business Update Neutral

2026-07-24 20:35

- Board approved the sale of 26% stake in Clean Max Sau Private Limited to Fortis Hospotel Limited for INR 26,000. - Board also approved the sale of 26% stake in Clean Max Ni Private Limited to Sterling Biotech Limited for INR 26,000. - Additionally, the Board approved the acquisition of 26% stake (17,357 shares) in Clean Max Uno Private Limited from Alicon Castalloy Limited for INR 1.25 Cr (INR 722 per equity share). - Post-acquisition, Clean Max Uno Private Limited, a renewable energy generation entity, will become a wholly-owned subsidiary.

Ownership Positive

2026-07-17 15:12

- The Stakeholders Relationship Committee on July 17, 2026, approved the allotment of 9,220 equity shares of INR 1 face value to eligible employees. - This includes 4,610 shares from exercised vested stock options (at an exercise price of INR 1 per option) and 4,610 bonus shares (1:1 ratio). - The company's paid-up share capital increased from ₹11,72,26,150 to ₹11,72,35,370. - Diluted earnings per share remain unaffected due to the negligible quantity of shares allotted.

Governance Neutral

2026-07-15 18:53

- Outcome of the Risk Management Committee meeting held on July 15, 2026. - Approved issuing a corporate guarantee not exceeding ₹22 Crore for term loan facilities availed by its subsidiary, Clean Max Aria Private Limited. - This is a contingent liability with no current impact on the Company.

Ownership Positive

2026-07-13 11:49

- On July 13, 2026, the company allotted 8,740 equity shares to eligible employees, comprising 4,370 shares from ESOP exercise and 4,370 bonus shares. - The paid-up share capital increased from INR 11,72,17,410 to INR 11,72,26,150. - Earnings per share remain unaffected due to the negligible quantity of shares allotted.

CLEANMAX

Clean Max Enviro Energy Solutions Limited

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