5447172026-01-012026-03-315447172026-03-315447172025-03-315447172025-04-012026-03-315447172026-01-012026-03-31in-capmkt:OtherExpenses1Member5447172025-04-012026-03-31in-capmkt:OtherExpenses1Member5447172026-03-31OtherNoncurrentFinancialAssetsDomain15447172026-03-31OtherNoncurrentFinancialAssetsDomain25447172026-03-31OtherNoncurrentAssetsDomain15447172026-03-31OtherCurrentFinancialAssetsDomain15447172026-03-31OtherCurrentAssetsDomain15447172026-03-31OtherNoncurrentFinancialLiabilitiesDomain15447172026-03-31OtherNoncurrentFinancialLiabilitiesDomain25447172026-03-31OtherNoncurrentLiabilitiesDomain15447172026-03-31OtherCurrentFinancialLiabilitiesDomain15447172026-03-31OtherCurrentFinancialLiabilitiesDomain25447172026-03-31OtherCurrentFinancialLiabilitiesDomain35447172026-03-31OtherCurrentLiabilitiesDomain15447172026-01-012026-03-31in-capmkt:ReportableSegments1Member5447172026-01-012026-03-31in-capmkt:ReportableSegments2Member5447172026-01-012026-03-31in-capmkt:ReportableSegments3Member5447172025-04-012026-03-31in-capmkt:ReportableSegments1Member5447172025-04-012026-03-31in-capmkt:ReportableSegments2Member5447172025-04-012026-03-31in-capmkt:ReportableSegments3Member5447172026-01-012026-03-31in-capmkt:ReportableSegments1Member5447172026-01-012026-03-31in-capmkt:ReportableSegments2Member5447172026-01-012026-03-31in-capmkt:ReportableSegments3Member5447172025-04-012026-03-31in-capmkt:ReportableSegments1Member5447172025-04-012026-03-31in-capmkt:ReportableSegments2Member5447172025-04-012026-03-31in-capmkt:ReportableSegments3Member5447172026-01-012026-03-31in-capmkt:ReportableSegments1Member5447172026-03-31in-capmkt:ReportableSegments1Member5447172026-01-012026-03-31in-capmkt:ReportableSegments2Member5447172026-03-31in-capmkt:ReportableSegments2Member5447172026-01-012026-03-31in-capmkt:ReportableSegments3Member5447172026-03-31in-capmkt:ReportableSegments3Member5447172026-01-012026-03-31in-capmkt:ReportableSegments1Member5447172026-03-31in-capmkt:ReportableSegments1Member5447172026-01-012026-03-31in-capmkt:ReportableSegments2Member5447172026-03-31in-capmkt:ReportableSegments2Member5447172026-01-012026-03-31in-capmkt:ReportableSegments3Member5447172026-03-31in-capmkt:ReportableSegments3Member5447172026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15447172025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15447172026-01-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15447172026-01-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss25447172025-04-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15447172025-04-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss25447172026-01-012026-03-31AuditorDomain1iso4217:INRxbrli:pureiso4217:INRxbrli:shares544717CLEANMAXNOTLISTEDINE647U01026CLEAN MAX ENVIRO ENERGY SOLUTIONS LIMITEDMain BoardEquity2025-04-012026-03-312026-05-122026-05-05INRMillionsQuarterlyFourth quarterMulti segment2026-05-1215:15:002026-05-1217:40:00trueCash Flow IndirectDeclaration of unmodified opinion2026-01-012026-03-31UnauditedConsolidated557463000082124000063958700001752450000624000000132100000180178000096680000095150000056670300007288400000728840000897390000-59880000029859000004302500000002371000045396000032370800003691040000554200000-1002400003791280000-10024000011708000015.315.02005.315.020.02250.02470.0205Clean Max Enviro Energy Solutions Limited (formerly known as Clean Max Enviro Energy Solutions Private Limited) (the "Parent Company"), its subsidiaries (the Company and its subsidiaries together referred to as the "Group") and its joint ventures are engaged in developing renewable power projects and in generation and sale of green power. The status of the Parent Company has changed from private limited to public limited. Pursuant to the provisions of Section 18 of the Companies Act, 2013, read with Rule 33 of the Companies (Incorporation) Rules, 2014, as amended from time to time, and vide Shareholders’ approval dated 9th July, 2025, the name of the Parent Company has changed from 'Clean Max Enviro Energy Solutions Private Limited' to 'Clean Max Enviro Energy Solutions Limited' with effect from 7th August, 2025, on which date the Registrar of Companies, Mumbai gave its approval for the said conversion. The equity shares of the Company were listed on National Stock Exchange of India Limited (NSE) and BSE limited (BSE) on 02nd March, 2026. <BR> <BR> Pursuant to the requirements of Regulation 18 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 vide Board approval dated 15th July, 2025, the Parent Company has constituted Audit Committee to perform such duties and responsibilities as prescribed by the terms approved by the Board of Directors of the Parent Company. <BR> <BR> The above audited consolidated financial results which are published in accordance with the Regulation 33 and 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”), for the quarter and year ended 31st March, 2026 have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 12th May, 2026. The above consolidated financial results have been audited by the statutory auditors of the Parent Company and they have expressed an unmodified conclusion on the audited consolidated financial results. The audited consolidated financial results of the Group and its joint ventures are in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards as prescribed under Section 133 of the Companies Act, 2013. <BR> <BR> Disclosures in compliance with 52 (4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter and year ended 31st March, 2026 is attached as Annexure I. <BR> <BR> The segment reporting of the Group and its joint ventures has been prepared in accordance with Ind AS 108 on "Operating Segment" as attached in Annexure II. The Managing Director of the Group and its joint ventures has been identified as Chief Operating Decision Maker (CODM) who allocates the resources based on analysis of various performance indicator of the Group and its joint ventures. <BR> <BR> The Parent Company has completed its Initial Public Offer (IPO) of 2,92,50,277 equity shares of face value of Re. 1 each at an issue price of Rs. 1,053 per share (including a share premium of 1,052 per share). The issue comprised of a fresh issue of 1,14,25,906 equity shares aggregating to Rs. 12,029.78 million and offer for sale of 1,78,24,371 equity shares by the selling shareholders aggregating to Rs. 18,769.06 million. Pursuant to the IPO, the equity shares of the Parent Company were listed on National Stock Exchange of India Limited (NSE) and BSE limited (BSE) on 02nd March, 2026. <BR> <BR> 'The details of utilisation of IPO proceeds from fresh issue of Rs. 11,492.46 million (net of issue expenses of Rs. 537.32 million) is as follows: <BR> <BR> 'Objects of the issue of prospectus 'Amount to be 'Amount utilised 'Total amount <BR> utilised (net) upto unutilised upto <BR> 31st March, 2026 31st March, 2026 <BR> <BR> 'Prepayment of outstanding borrowings 11226.74 5236.74 5990.00 <BR> General corporate purpose 265.72 - 265.72 <BR> 11492.46 5236.74 6255.72 <BR> <BR> Out of the total unutilised amount of Rs. 6,255.72 million, Rs. 5,740 million is invested as fixed deposits which has been presented under cash and cash equivalents and remaining amount of Rs. 515.72 million is part of bank balances other than cash and cash equivalents. <BR> <BR> On 21st November, 2025, the Ministry of Labour and Employment has enacted the Code on Wages, 2019, the Code on Social Security, 2020, the Industrial Relations Code, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as the "Labour Codes"). The Labour Codes consolidated various existing labour laws and introduced changes, including a harmonised definition of wages, which impacts the computation of employee benefit obligations such as gratuity. Pursuant to this notification, the gratuity expenses are Rs. 51.29 million which is not material to the overall operations of the Group for the year ended 31st March, 2026. The Parent Company continues to monitor developments relating to the Labour Codes and will assess the impact, if any, on the measurement of employee benefit obligations in future periods. <BR> <BR> Effective 1 January, 2026, the Parent Company has revised the useful life of Plant and Machinery (new technology solar and wind assets) based on review of key operational estimates including an operational efficiency review. Accordingly, change in useful life of the said asset is being applied prospectively in accordance with Ind AS 8 - Accounting policies, change in accounting Estimates and Errors. Had the Company continued with the previous estimated useful life for charging depreciation on Plant and Machinery, charge for depreciation for quarter and year ended 31st March, 2026 would have been higher by Rs. 114.41 million and consequentially deferred tax on the same would have been lower by Rs. 28.80 million for quarter and year ended 31st March, 2026. Consequent to this, the net impact on Profit after tax is Rs. 85.61 million. <BR> <BR> Subsequent to 31st March, 2026, the Parent Company prepaid its 11.50% Listed, Rated, Redeemable, Non-Convertible Debentures and 11.50% Unlisted, Rated, Redeemable, Non-Convertible Debentures, which were originally due on 08th June, 2027. On 2nd April, 2026, the outstanding principal amount aggregating to Rs. 5,990 million was prepaid in full out of the IPO proceeds. The utilisation of IPO proceeds towards repayment / redemption of loans and debentures had already been specified in the offer document filed in connection with the IPO. <BR> <BR> Pursuant to Ind AS 10 - Events after the Reporting Period, since the underlying conditions existed as at the reporting date, these debentures have been classified under current borrowings in the Consolidated Financial Results as at 31st March, 2026. <BR> <BR> As at 31st March, 2026, the Group’s current liabilities exceeded its current assets by Rs. 17,240.95 million. Given the nature of its business and based on current overall business plan which includes projected cash flows from operations, and sanctioned but undrawn credit facilities from lenders and the roll forward and refinance options available to optimize working capital limits, the Board of Directors is of the view that the Group has adequate resources to meet its obligations as and when they fall due and does not anticipate any material uncertainty related to going concern. Accordingly, the audited Consolidated Financial Results have been prepared on a going concern basis. <BR> <BR> The tax expense for the year ended 31st March, 2026 includes interest on delayed payment of advance tax and self assessment tax amounting to Rs. 118.27 million. <BR> <BR> The shareholders of the Parent Company in the extra-ordinary general meeting dated 27th June, 2025, have approved split of each equity share of face value of Rs. 10 each into 10 shares of face value of Re. 1 each (the 'Split'). Further, pursuant to a resolution passed in extra-ordinary general meeting dated 08th August, 2025, the shareholders have approved the issuance of bonus shares to the equity shareholders in the ratio of 1:1 (the 'Bonus'). The effect of Split and Bonus issues has been adjusted retrospectively for all the periods while calculating Earnings Per Share (EPS). <BR> <BR> Figures for the audited Consolidated Financial Results for the year ended 31st March 2025 were audited by the predecessor auditor who had expressed an unmodified opinion via report dated 27th May, 2025. Figures for the quarter ended 31st March, 2025 have been approved by the Parent Company's Board of Directors in their meeting held on 12th May, 2026. <BR> <BR> Figures for the quarter ended 31st March, 2026 represent the difference between the audited figures for the financial year ended 31st March, 2026 and the limited review figures for the nine months period ended 31st December, 2025. <BR> <BR> The above unaudited Consolidated Financial Results of the Group and its joint ventures are available on the Parent Company's website (www.cleanmax.com) and that of NSE (www.nseindia.com) and BSE (www.bseindia.com) <BR> <BR> Financial Results of Clean Max Enviro Energy Solutions Limited (Formerly known as Clean Max Enviro Energy Solutions Private Limited) (Rs. In million) <BR> <BR> Particulars Quarter Ended Year Ended <BR> 31.03.2026 31.12.2025 31.03.2025 31.03.2026 31.03.2025 <BR> Unaudited Unaudited Audited Audited <BR> <BR> Total Income* 20071.81 16119.19 10966.27 63573.12 24589.22 <BR> Profit before tax for the period/year 1886.93 3572.82 1376.62 10390.65 3891.56 <BR> Profit after tax for the period/year 1244.94 2702.78 1137.30 7673.49 2981.31 <BR> <BR> *Includes Revenue from Operations & Other Income2025-04-012026-03-31AuditedConsolidated19128730000162341000020752140000464785000036620000001037110000785922000037991200001755350000194648500001287290000012872900002176600000-168256000049404000007932500000006252000085577000043394400005195210000941320000-855500005280760000-855500001170800001462655800009.18.96009.18.960.02250.01260.0187Other Expenses951500000Other Expenses17553500001174451200005339212000002201200001873240000355900000346400000102108000050777000010396210000119250600005455300000623867000019693162000039951000002778820000120196000001085997000026360000236005000028044800000056068500003405116000023098278000011708000046265580000463826600008852690000552353500001131242200003952800000117077020000103910000543241000018419800001244553200001098342000014843000017354590000175030200001860893000047095370000251612000011820000166880000051292110000175747430000230982780000Other Financial Assets9768800000Income tax assets (net)627410000Other non-current assets6238670000Other financial assets2360050000Other current assets5606850000Lease liabilities2497430000Other financial liabilities1455370000Other non-current liabilities1841980000Acceptances against capital and other creditors17309190000Lease liabilities238040000Other financial liabilities1061700000Other current liabilities2516120000Segment A - Renewable Energy Power Sales3693690000Segment B - Renewable Energy Services1851850000Other unallocable29090000Segment A - Renewable Energy Power Sales13994500000Segment B - Renewable Energy Services4973280000Other unallocable160950000557463000019128730000557463000019128730000Segment A - Renewable Energy Power Sales1814660000Segment B - Renewable Energy Services217610000Other unallocable-312930000Segment A - Renewable Energy Power Sales5457720000Segment B - Renewable Energy Services588620000Other unallocable-897420000171934000051489200000012653800004293150000453960000855770000Segment A - Renewable Energy Power Sales196734000000Segment B - Renewable Energy Services14759800000Other unallocable194889800002309827800000230982780000Segment A - Renewable Energy Power Sales163953120000Segment B - Renewable Energy Services3194350000Other unallocable859996000017574743000001757474300007856670000134210000-8142500000-367342000000-6023300000862916000002059740000037991200000545400000005541700000504410000259430000000-974530000001677810000018065390000000753020000017312370000035931000000830000063800000001975000005687187000000067131000000000007373200000480350000346200000004814500000-2586100000-59573550000001440738000000005234110000529155500001253059000097830000001152678000003432610000509539800008692800000409500008733750000328585000012019600000Re-measurement gain/(losses) of the defined benefit obligation13800001380000Re-measurement gain/(losses) of the defined benefit obligation-6490000-6490000350000-1630000Foreign currency translation gain/(loss)132170000Effective portion of gains in a cash flow hedge41479000004280070000Foreign currency translation gain/(loss)234560000Effective portion of gains in a cash flow hedge549210000057266600001044020000138236000032370800004339440000AuditedtrueM/s B S R & Co. LLPtrue2028-07-31