Board approves sale of 26% stake in wholly owned subsidiary for INR 26,000
The Board approved the sale of 2,600 shares, equal to 26% of the paid-up share capital, of Clean Max Alps Private Limited (a wholly owned subsidiary) to Bayer Vapi Private Limited.
By ScoutQuest · · 2 min read
- Sale Consideration
- INR 26,000
- Shares Sold / Stake
- 2,600 shares, equal to 26% of the paid-up share capital of Clean Max Alps Private Limited
- Expected Completion
- on or before 31 December 2026
What the Board approved
- The sale of 2,600 shares of Clean Max Alps Private Limited, equal to 26% of its total paid-up share capital, to Bayer Vapi Private Limited.
- The approval was given by the Board on 30 October 2026.
- Clean Max Alps Private Limited is a wholly owned subsidiary of the company and was incorporated on 18 December 2024.
What the company gets, and when
- The sale consideration is INR 26,000 for the 2,600 shares.
- This amount will be received after the Share Purchase Agreement is executed between the company, Clean Max Alps Private Limited and Bayer Vapi Private Limited.
- The Share Purchase Agreement is to be entered into on or before 31 December 2026, or such other date as the parties mutually agree.
- The expected date of completion of the sale is also on or before 31 December 2026, or such other date as mutually agreed.
How big is this unit
- Clean Max Alps Private Limited has not contributed to turnover, revenue, income or net worth during the last financial year, as stated in the disclosure.
Who is buying
- Bayer Vapi Private Limited, with its registered office at Plot No 306/3, 2nd Phase, GIDC, Vapi, Gujarat, India, 396195.
- The buyer does not belong to the promoter, promoter group or group companies of the company.
- The transaction does not fall within related party transactions.
Other points in the disclosure
- The sale is not part of a Scheme of Arrangement.
- The disclosure states that the slump sale related particulars are not applicable.
What this means for a retail reader: this is an intimation of a board-approved stake sale in a small subsidiary. The stake being sold is 26% of Clean Max Alps Private Limited, the consideration is INR 26,000, and the money comes in only after the Share Purchase Agreement is signed, which is targeted on or before 31 December 2026. The disclosure also states that the subsidiary did not contribute to turnover, revenue, income or net worth in the last financial year.
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More numbers
- Shares to be sold in Clean Max Alps Private Limited2,600
- Stake sold as share of total paid-up capital26%
- Sale considerationINR 26,000
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