Clean Max Enviro Energy Sells Subsidiary Clean Max Andes for ₹26,000
Clean Max Enviro Energy Solutions Limited sold its subsidiary, Clean Max Andes Private Limited, to Web Werks India Private Limited for ₹26,000. The transaction, executed on 10 March 2026, is expected to complete by 31 March 2026. The subsidiary had a Nil turnover and a negative net worth.
The financial contribution of the subsidiary (Clean Max Andes Private Limited) in terms of turnover and net worth is negligible to the consolidated financials of Clean Max Enviro Energy Solutions Limited. Therefore, the impact of its sale is considered low.
The sale of a subsidiary for a nominal amount, with the subsidiary having negligible financial contribution, suggests a neutral business decision. There are no immediate positive or negative financial implications highlighted for the parent company.
Clean Max Enviro Energy Solutions Limited has executed a Share Purchase Agreement for the sale of its shares in its wholly owned subsidiary, Clean Max Andes Private Limited, to Web Werks India Private Limited. The agreement was signed on 10 March 2026.
Clean Max Andes Private Limited reported a turnover of Nil for FY 2024-25 and a net worth of INR -1,25,612.04, representing 0% of the consolidated net worth of the Company as of 31 March 2025. The consideration received from this sale is INR 26,000.
The transaction is expected to be completed on or before 31 March 2026, or as mutually agreed upon by the parties. The buyer, Web Werks India Private Limited, is not a promoter, promoter group, or group company of Clean Max Enviro Energy Solutions Limited. The transaction does not fall under related party transactions. This disclosure is made in compliance with Regulation 30 of the SEBI Listing Regulations.
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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.