Board approves sale of 2,600 shares, being 26% stake in a subsidiary, for INR 26,000
Board approved sale of 2,600 shares of Clean Max Hachi Private Limited, a wholly owned subsidiary, to Chambal Fertilisers and Chemicals Limited for INR 26,000.
By ScoutQuest · · 2 min read
- Shares Sold
- 2,600 shares of Clean Max Hachi Private Limited
- Stake Sold
- 26% of Clean Max Hachi's total paid up share capital
- Sale Consideration
- INR 26,000
Board approves sale of a stake in a subsidiary
What the update says
- The Board of Directors of Clean Max Enviro Energy Solutions Limited, on 16 October 2026, approved the sale of 2,600 shares of Clean Max Hachi Private Limited, described in the update as a wholly owned subsidiary, to Chambal Fertilisers and Chemicals Limited.
How large the transaction is
- The shares being sold are 2,600 shares, which the update states are 26% of the total paid up share capital of Clean Max Hachi Private Limited.
- The sale consideration for these shares is INR 26,000.
- In the same disclosure, the company states that Clean Max Hachi Private Limited has not contributed to turnover, revenue, income or net worth during the last financial year.
Timeline to watch
- The company will enter into the Share Purchase Agreement on or before 30 November 2026, or such other date as may be mutually agreed between the parties.
- The expected date of completion of the sale is also on or before 30 November 2026, or such other date as may be mutually agreed.
- The consideration will be received after execution of the Share Purchase Agreement between the company, Clean Max Hachi Private Limited and Chambal Fertilisers and Chemicals Limited.
Who is buying
- Chambal Fertilisers and Chemicals Limited, having its registered office at Gadepan, District Kota, Rajasthan.
- The update states that the buyer does not belong to the promoter, promoter group or group companies, and that the transaction does not fall within related party transactions.
About the subsidiary being sold
- Clean Max Hachi Private Limited was incorporated under the Companies Act, 2013 on 17 June 2026.
- The update states that it has not contributed to turnover, revenue, income or net worth during the last financial year.
What this means for a retail reader
- This is an intimation of a board-approved sale of shares in a subsidiary, with the money to come in only after the share purchase agreement is signed.
- The transaction size and the subsidiary's financial contribution are both set out in the disclosure, so the reader can judge the scale.
- The buyer is unrelated to the promoter group, and the update confirms it is not a related party transaction.
Also from Clean Max Enviro Energy Solutions
Risk Management Committee approves corporate guarantees for two subsidiaries' term loans
21 Oct 2026
Clean Max units to buy 100% of Thailand's Massmuch Company at Thai Baht 1,250,000 enterprise value
9 Oct 2026
Corporate guarantee up to INR 45,09,00,000 approved for subsidiary's term loan
7 Oct 2026
More numbers
- Shares of Clean Max Hachi Private Limited to be sold2,600 shares
- Sale considerationINR 26,000
- Stake in Clean Max Hachi represented by the shares sold26%
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