Clean Max Enviro Energy Solutions Limited (CLEANMAX) has entered into amended and restated investment and share purchase agreements on May 6, 2026. These amendments pertain to the original investment agreement dated December 19, 2025, involving the Company, Apple India Private Limited, and Clean Max Taurus Private Limited (Taurus). Under the amended and restated investment agreement, the Company and Apple India will acquire equity shares of Taurus, subject to conditions precedent. The investment into Taurus by the Company and Apple India will be structured such that the Company will hold approximately 51% and Apple India will hold approximately 49% of Taurus's shareholding. The transaction is expected to be completed by May 11, 2026. Taurus, a 51 MWp solar entity incorporated on October 24, 2024, had a turnover of ₹0.00 crore and a net worth of ₹0.003 crore in FY 2024-25. Furthermore, the Company has entered into amended and restated share purchase agreements (SPAs) on May 6, 2026, amending the original SPAs dated January 7, 2026. These SPAs are with Taurus for the sale of the Company's entire shareholding in Clean Max Ganga Private Limited, Clean Max Kruger Private Limited, and Clean Max Sapphire Private Limited (collectively, Identified SPVs) to Taurus. Following these amended SPAs, the Identified SPVs will continue to be held by the Company through Taurus. The sale transactions for the Identified SPVs are expected to be completed by May 12, 2026. The consideration for the sale of shares in Ganga amounts to ₹19,32,64,205.85 (51% stake), in Kruger to ₹7,15,60,035.11 (51% stake), and in Sapphire to ₹1,22,03,21,150.40 (74% stake). The Identified SPVs contributed ₹0.000 crore to turnover and ₹0.003 crore to net worth for Ganga, while Sapphire contributed ₹0.01 crore to turnover and ₹175.29 crore to net worth in FY 2024-25. Kruger was incorporated in FY 2025-26, thus its contribution is not applicable for FY 2024-25.
