Clean Max Enviro Energy Solutions Sells 49% Stake in Subsidiary for ₹49,000
Clean Max Enviro Energy Solutions Limited approved the sale of 4,900 shares (49%) in its subsidiary, Clean Max Dynamis Private Limited, to Sunvik Steels Private Limited for ₹49,000. The Share Purchase Agreement is expected by December 31, 2026.
The sale involves a minority stake in a newly incorporated subsidiary with no prior financial contribution, thus having a minimal impact on the company's overall business.
The sale of a minority stake in a newly incorporated subsidiary for a nominal amount does not significantly impact the company's overall financial standing or future prospects.
Clean Max Enviro Energy Solutions Limited has announced the approval by its Board of Directors for the sale of 4,900 shares, representing 49% of the total paid-up share capital of its wholly-owned subsidiary, Clean Max Dynamis Private Limited. The shares will be sold to Sunvik Steels Private Limited.
The subsidiary, Clean Max Dynamis Private Limited, was incorporated on July 28, 2026, and has not yet contributed to the turnover, revenue, income, or net worth of the company in the last financial year. The Share Purchase Agreement is expected to be entered into on or before December 31, 2026. The sale consideration for these shares is ₹49,000. The transaction is not expected to fall within related party transactions.
Sunvik Steels Private Limited, the buyer, has its registered office in Bangalore, Karnataka, and is not a promoter, promoter group, or group company of Clean Max Enviro Energy Solutions Limited. The completion of the sale is anticipated on or before December 31, 2026, or another mutually agreed-upon date.
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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.