Clean Max Enviro Energy Solutions544717Board decision
Risk Management Committee approves corporate guarantees for two subsidiaries' term loans
Risk Management Committee on 21 October 2026 approved corporate guarantees for term loans of two subsidiaries: INR 79.50 Crore for Clean Max Como and INR 25.50 Crore for Clean Max Roku.
By ScoutQuest · · 2 min read
- Corporate guarantee - Clean Max Como
- INR 79.50 Crore
- Corporate guarantee - Clean Max Roku
- INR 25.50 Crore
- Contingent liability
- Called a contingent liability, with no impact on the company as on date
What was approved
- The Risk Management Committee of the Board met on 21 October 2026 and approved the issuance of corporate guarantees for the facility being availed by subsidiaries of the company.
- The guarantees will be extended in favour of the lender(s) as security for term loan facilities availed by two subsidiaries.
- Clean Max Como Private Limited: guarantee of INR 79.50 Crore.
- Clean Max Roku Private Limited: guarantee of INR 25.50 Crore.
What a corporate guarantee means
- The listed company is standing behind a loan taken by its subsidiaries. If a subsidiary does not repay, the company would be called upon to pay the lender.
- Because this is a promise given now against a possible future event, the update describes it as a contingent liability - an obligation that becomes payable only if the underlying loan is not serviced.
Stated impact
- The update states that the corporate guarantee will be a contingent liability for the Company.
- The guarantee has been provided on behalf of subsidiaries that are part of the consolidated group.
- As on date, the update says there is no impact of this guarantee on the Company.
Related-party and pricing points
- The promoter, promoter group and group companies are stated to have no interest in this transaction.
- The update states the corporate guarantee will be at arm's length.
How to read this
- The approval is for guarantees issued in the ordinary course for the financing of group subsidiaries, not for fresh borrowing by the listed entity itself.
- For a shareholder, the useful figures are the two guarantee amounts, since they represent the size of the obligation the company has taken on if the subsidiaries were unable to repay.
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More numbers
- Corporate guarantee for Clean Max Como Private LimitedINR 79.50 Crore
- Corporate guarantee for Clean Max Roku Private LimitedINR 25.50 Crore
Source: BSE · 21 Oct 2026
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