Clean Max Enviro Energy Solutions Sells Subsidiaries for ₹75,000
Clean Max Enviro Energy Solutions Limited approved the sale of shares in two wholly-owned subsidiaries. 4,900 shares of Clean Max Solomon Private Limited will be sold to SAMHI Hotels Limited for ₹49,000, and 2,600 shares of Clean Max Ilgohp Private Limited to Nuvoco Vistas Corporation Limited for ₹26,000. Agreements are expected by June 30, 2026.
The sale involves newly incorporated subsidiaries with no prior financial contribution, thus the financial impact on the parent company is expected to be minimal.
The sale of subsidiaries is a routine corporate action and does not inherently indicate positive or negative performance. The subsidiaries are newly incorporated and have no prior financial contribution.
Clean Max Enviro Energy Solutions Limited has announced the approval by its Board of Directors for the sale of shares in its wholly-owned subsidiaries. The company will sell 4,900 shares of Clean Max Solomon Private Limited to SAMHI Hotels Limited and 2,600 shares of Clean Max Ilgohp Private Limited to Nuvoco Vistas Corporation Limited.
Both subsidiaries, Clean Max Solomon Private Limited and Clean Max Ilgohp Private Limited, were incorporated in April 2025 and October 2025, respectively, and have not yet contributed to the company's turnover, revenue, income, or net worth in the last financial year. The Share Purchase Agreement for both transactions is expected to be entered into on or before June 30, 2026, with the completion of the sale also anticipated by the same date, unless otherwise mutually agreed upon by the parties.
The consideration received from the sale of Clean Max Solomon Private Limited shares is ₹49,000, and from Clean Max Ilgohp Private Limited is ₹26,000. SAMHI Hotels Limited and Nuvoco Vistas Corporation Limited are the respective buyers, and neither belongs to the promoter, promoter group, or group companies of Clean Max Enviro Energy Solutions Limited. The transactions are not considered related party transactions.
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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.