Clean Max Enviro Energy Solutions Ltd

Clean Max Enviro Energy Solutions Ltd. announced that CRISIL has assigned ratings to its instruments, including an AA/Stable rating for its Non-Convertible Debentures (NCDs) totaling Rs. 2,500 crore and a separate AA/Stable rating for its bank loan facilities. Additionally, CRISIL has assigned a rating of CRISIL AAA/Stable to the company’s proposed PTCs. The ratings reflect the company's strong financial profile and established position in the renewable energy sector. Further details regarding the rating rationale and the complete list of rated instruments can be found in the CRISIL report.

Clean Max Enviro Energy Solutions Limited announced the allotment of 46,978 equity shares, comprising 23,489 shares from the exercise of vested stock options and 23,489 bonus shares issued in a 1:1 ratio, under its Employee Stock Option Scheme 2015. The allotment, approved by the company’s Stakeholders Relationship Committee on September 3, 2026, increased the paid-up share capital from Rs 11,74,84,732 to Rs 11,75,31,710, with the exercise price set at Rs 1 per option.

Clean Max Enviro Energy Solutions Limited announced the allotment of 13,562 equity shares, comprising 6,781 shares from the exercise of vested stock options and 6,781 bonus shares issued in a 1:1 ratio, under its Employee Stock Option Scheme 2015. The allotment, approved by the company's Stakeholders Relationship Committee on August 21, 2026, increased the paid-up share capital from Rs 11,74,71,170 to Rs 11,74,84,732, with the exercise price set at Rs 1 per option.

Clean Max Enviro Energy Solutions Limited announced the allotment of 2,00,000 equity shares, comprising 1,00,000 shares from the exercise of vested stock options at an exercise price of Rs 1 per option and 1,00,000 bonus shares issued in a 1:1 ratio, pursuant to a shareholder resolution dated August 8, 2025, under the Clean Max Enviro Energy Solutions Limited Employee Stock Option Scheme 2015. The allotment increases the company’s paid-up share capital from Rs 11,72,71,170 to Rs 11,74,71,170, and realized Rs 1,00,000 from the exercise of options.

A monitoring agency report from CARE Ratings Ltd. indicates that Clean Science and Technology Ltd. has utilized Rs 525.71 crore of the Rs 1,200 crore raised through its public offering as of June 30, 2026, with Rs 674.29 crore remaining. While the company fully utilized the Rs 23.78 crore allocated for general corporate purposes, exceeding the original plan, debt repayment has progressed with Rs 599.00 crore utilized against a planned Rs 1,122.67 crore, leaving a balance of Rs 523.67 crore. Offer expenses significantly exceeded the initial projection at Rs 97.86 crore, a deviation that warrants further investigation. The report, which covers the period from the IPO date to June 2026, notes a delay in implementation extending into the first quarter of fiscal year 2027, attributed to compliance with the offer document’s allowance for delayed utilization. A balance of Rs 12.07 crore remains in the public offer account.

Clean Science and Technology Ltd. has utilized approximately Rs. 599.00 crore for debt repayment and Rs. 29.95 crore for general corporate purposes, according to a monitoring agency report by CARE Ratings Ltd. as of June 30, 2026. The report indicates that Rs. 97.86 crore was incurred for issue expenses, with Rs. 12.07 crore remaining unutilized in the public offer account. While the company experienced delays of two days and three months in completing certain objectives, it maintains this was in compliance with the offer document. The report notes revisions to initially proposed costs for debt repayment and general corporate purposes, as well as higher-than-anticipated issue expenses. CARE Ratings Ltd. emphasizes that the report is based on information provided by the company and third-party sources and does not constitute financial or legal advice.

Clean Max Enviro Energy Solutions Ltd share price ticked higher by 2.18% to Rs 1338.5 after the company's net profit saw a strong growth of 21.52% to Rs 55.17 crore, while revenue from operations increased sharply by 49.28% to Rs 832.16 crore in Q2FY26 over Q1FY26. The market capitalization of Power Generation industry group stocks on BSE stood at Rs 10.5 lakh crore, easing 7.54%. It has softened by 0.68% over last one week and edged lower by 3.49% in last one month while the market capitalization of Clean Max Enviro Energy Solutions Ltd has slipped by 7.72% and 17.57% in the same period respectively. Profit before tax (PBT) of Clean Max Enviro Energy Solutions Ltd stood at Rs 94.0 crore in Q2 FY26, tanking 418.21% year-on-year, and expanding by 24.90% quarter-on-quarter. EBITDA came in at Rs 379 crore, surging by 47.40% YoY and rallying 104.29% sequentially. Total expenses soared by 36.05% to Rs 525.87 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 289.72 crore, soaring by 65.32% YoY, while employee benefits expense was at Rs 32.27 crore, witnessing a strong rise of 144.28% YoY. For the TTM ended FY26, revenue from operations witnessed a strong growth of 27.89% to Rs 1912.87 crore, while net profit surged by 340.45% to Rs 85.58 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 86471% to Rs 969.88 crore, and PBT surged 125.91% to Rs 134.98 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 1731.24 crore in FY26, as against Rs 1404.2 crore in FY25.

Clean Max Enviro Energy Solutions Limited, formerly known as Clean Max Enviro Energy Solutions Private Limited, announced a composite scheme of amalgamation with its wholly-owned subsidiaries Clean Max Aditya Power Private Limited, Clean max IPP 1 Private Limited, CMES Power 1 Private Limited, and CMES Infinity Private Limited, under Sections 230 to 232 of the Companies Act, 2013. The amalgamation aims to consolidate the businesses of the subsidiaries, achieve operational efficiencies, and simplify the group's holding structure, with the transaction not involving the issuance of new shares or payment of consideration due to the wholly-owned nature of the subsidiaries. The scheme is subject to statutory and regulatory approvals, including sanction by the National Company Law Tribunal, Mumbai Bench.

Clean Max Enviro Energy Solutions Limited (NSE: CLEANMAX | BSE: 544717) announced its financial results for the quarter ended June 30, 2026, reporting revenue from operations of INR 832 crore, a 107% year-on-year increase, and adjusted EBITDA of INR 494 crore, up 74% year-on-year. The company's contracted renewable energy power sales capacity reached 6 GW as of June 30, 2026, with a total contracted portfolio, including renewable energy services, standing at 6.8 GW, a threefold increase over the past two years, while the company commissioned a record 0.5 GW of capacity during the quarter.

Clean Max Enviro Energy Solutions Limited announced the allotment of 35,800 equity shares, comprising 17,900 shares from the exercise of vested stock options and 17,900 bonus shares issued in a 1:1 ratio, under its Employee Stock Option Scheme 2015. The allotment, approved by the company's Stakeholders Relationship Committee on July 30, 2026, increased the company’s paid-up share capital from Rs 11,72,35,370 to Rs 11,72,71,170, with the exercise price set at Rs 1 per option.