Clean Max Enviro Energy Solutions Sells Subsidiary Clean Max Hana for ₹26,000
Clean Max Enviro Energy Solutions Limited sold its subsidiary, Clean Max Hana Private Limited, to TCPL Packaging Limited for ₹26,000 on March 9, 2026. The sale is expected to be completed by March 31, 2026. The subsidiary was incorporated in June 2025 and has not yet contributed to the parent company's financials.
The sale of a newly incorporated subsidiary for a small amount is unlikely to have a material impact on the overall business or financial performance of Clean Max Enviro Energy Solutions Limited.
The transaction is a sale of a subsidiary for a nominal amount and does not appear to have a significant immediate financial impact, hence the sentiment is neutral.
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 Hana Private Limited, to TCPL Packaging Limited. The agreement was finalized on 9 March 2026.
Clean Max Hana Private Limited was incorporated on 18 June 2025 and has not yet contributed to the turnover, revenue, income, or net worth of Clean Max Enviro Energy Solutions Limited in the last financial year. The transaction's consideration is ₹26,000.
The buyer, TCPL Packaging Limited, is not part of the promoter, promoter group, or group companies of Clean Max Enviro Energy Solutions Limited. The transaction is not considered a related party transaction. The expected completion date for the sale is on or before 31 March 2026, or as mutually agreed upon by the parties. The details of this transaction will also be 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.