Clean Max Enviro Energy Solutions Ltd

Clean Max Enviro Energy Solutions has announced a partnership with Sangam India to decarbonize its operations across Rajasthan. Sangam India is the flagship textile entity of the Sangam Group, headquartered in Bhilwara, Rajasthan. The collaboration includes the signing of a hybrid renewable energy supply agreement to deliver 30 MWp of solar and 20 MW of wind power, augmented with a 2 MWh Battery Energy Storage System (BESS), to five Sangam facilities across Rajasthan. The power will be supplied from CleanMax's Bhikamkor hybrid farm under an intra-state group captive structure, marking a key milestone in its national expansion strategy. Across Rajasthan, CleanMax has developed renewable energy projects at locations including Bhikamkor and Bikaner. As of March 31, 2026, the company has 525 MW of operational capacity in the state, supporting a diverse base of corporate and industrial customers

Clean Max Enviro Energy Solutions announced the commissioning of its 185 MW hybrid renewable energy project at Kalavad, Gujarat. The project supports the company's rapidly expanding clean energy portfolio in the state. Comprising integrated solar and wind capacity, the project has been developed over ~12 months, supplying green energy to 17 distinct corporate customers. Kalavad adds to CleanMax's hybrid build-out in Gujarat, improving its ability to deliver more consistent renewable supply for round-the-clock industrial demand. This takes its total operational capacity in the state of Gujarat currently to ~844 MW as of 31 March 2026. The project supplies renewable power to 17 corporate customers under the group captive model, wherein customers invest equity in the project complying with captive rules under the Electricity act, while securing long-term access to clean energy. Publicly listed companies like Apar Industries, Borosil Renewables, are among the customers of this project.

Net profit of Clean Max Enviro Energy Solutions rose 1023.98% to Rs 27.65 crore in the quarter ended December 2025 as against Rs 2.46 crore during the previous quarter ended December 2024. Sales rose 13.04% to Rs 422.46 crore in the quarter ended December 2025 as against Rs 373.73 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales422.46373.73 13 OPM %62.2949.32 - PBDT117.2966.27 77 PBT6.32-16.63 LP NP27.652.46 1024 Powered by Capital Market - Live

Clean Max Enviro Energy Solutions has entered into a Share Purchase Agreement with Kintech Synergy and Kintech Solarbikaner on 16 March 2026 for the acquisition of 100% equity shares of Kintech Solarbikaner at an enterprise value of Rs 38 crore. Kintech Solarbikaner is being acquired to enable growth and further development of wind-solar hybrid renewable energy capacity of the Company in the state of Gujarat.Powered by Capital Market - Live

Clean Max Enviro Energy Solutions will hold a meeting of the Board of Directors of the Company on 17 March 2026.Powered by Capital Market - Live

The stock debuted at Rs 952.20, marking a discount of 9.57% to the issue price. So far, the stock has hit a high of 958.40 and a low of 857.05. On the BSE, over 1.49 lakh shares of the company were traded in the counter so far. The initial public offer (IPO) of Clean Max Enviro Energy Solutions was subscribed 0.94 times. The issue opened for bidding on 23 February 2026 and it closed on 25 February 2026. The price band of the IPO is fixed between Rs 1,000 and 1,053 per share. The issue comprised fresh equity shares, aggregating Rs 1,200 crore, and an offer-for-sale (OFS) of equity shares, aggregating Rs 1,900 crore. The OFS by the promoters includes equity shares aggregating Rs 216.799 crore by Kuldeep Jain, Rs 903.898 crore by BGTF One Holdings, and Rs 73 crore by KEMPINC LLP. The OFS by selling shareholders aggregates Rs 541.921 crore, and by DSDG Holdings Rs 164.382 crore. Of the net proceeds, Rs 1122.674 crore will be used for repayment and/or prepayment, in part or full, of all or certain outstanding borrowings and/or certain subsidiaries, and the balance for general corporate purposes. Total borrowings stood at Rs 10,121.46 crore as of 30 September 2025. Ahead of the IPO, Clean Max Enviro Energy Solutions, on 20 February 2026, raised Rs 920.99 crore from anchor investors by allotting 87.46 lakh shares at Rs 1,053 each to 41 anchor investors. CleanMax is India's largest commercial and industrial (C&I) renewable energy provider, with a 2799 MW operational capacity portfolio as of 31 October 2025. Additionally, a capacity of 3,044 MW was in an advanced stage, 3,172 MW was contracted, and 1,914 MW was under development. With 15 years of experience since inception, CleanMax specializes in delivering net zero and decarbonization solutions, including supplying renewable power and energy services and carbon credit solutions across data centers, AI and technology industries, and C&I enterprises across a range of sectors, including infrastructure, cement, steel, industrial manufacturing, FMCG, pharmaceuticals, real estate, and global capability centers. The company's expertise spans across providing energy contracting, engineering, procurement and construction (EPC) services, and operation and maintenance (O&M) services of renewable energy plants, including solar, wind, and hybrid plants, within the customer's premises (onsite) and within in-house-developed renewable energy (solar, wind, and hybrid) farms (offsite). Renewable energy power sales revenue as a percentage of revenue from operations amounted to 77.09% and 74.03% in H1FY2026 and FY 2025. For the six months ended 30 September 2025, the firm recorded a consolidated net profit of Rs 15.44 crore and income from operations of Rs 932.95 crore.Powered by Capital Market - Live

The equity shares of Clean Max Enviro Energy Solutions (Scrip Code: 544717) are listed effective 02 March 2026 and admitted to dealings on the exchange in the list of ''B'' group securities. At 09:46 IST, the stock was quoting at Rs 952.20 compared to IPO price of Rs 1053. Powered by Capital Market - Live