Clean Max Enviro Energy Sells Stakes in Subsidiaries
Clean Max Enviro Energy Solutions approved the sale of 26% stake in Clean Max Muoi Private Limited to Relaxo Footwears for ₹26,000 and 49% stake in Clean Max Chin Private Limited to VVDN Technologies for ₹49,000. Agreements are expected by October 30, 2026.
The sale involves a small percentage of subsidiaries that have not yet contributed to the company's financials, and the transaction values are minimal.
The announcement details a routine sale of subsidiary stakes with no significant financial impact or strategic shift mentioned.
Clean Max Enviro Energy Solutions Limited has announced the approval by its Board of Directors on 17 August 2026 for the sale of its stakes in two wholly owned subsidiaries. The company will sell 2,600 shares, representing 26% of the total paid-up share capital of Clean Max Muoi Private Limited, to Relaxo Footwears Limited. Additionally, 4,900 shares, constituting 49% of the total paid-up share capital of Clean Max Chin Private Limited, will be sold to VVDN Technologies Private Limited.
The Share Purchase Agreements for both transactions are expected to be entered into on or before 30 October 2026, with the completion of the sale also anticipated by the same date, unless otherwise mutually agreed by the parties. The consideration for the sale of shares in Clean Max Muoi Private Limited is ₹26,000, and for Clean Max Chin Private Limited is ₹49,000. Neither of the subsidiaries had contributed to the company's turnover, revenue, income, or net worth in the last financial year as they were incorporated on 13 June 2026. The buyers, Relaxo Footwears Limited and VVDN Technologies Private Limited, do not belong to the promoter, promoter group, or group companies of Clean Max Enviro Energy Solutions Limited, and these transactions are not considered related party transactions.
Details of these transactions will be made available on the company's website, www.cleanmax.com.
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Clean Max Enviro Energy Solutions Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Clean Max Enviro Energy Solutions Limited. Read the original for the full detail.