5447172026-04-012026-06-305447172026-06-305447172026-04-012026-06-30in-capmkt:OtherExpenses1Member5447172026-04-012026-06-30in-capmkt:ReportableSegments1Member5447172026-04-012026-06-30in-capmkt:ReportableSegments2Member5447172026-04-012026-06-30in-capmkt:ReportableSegments3Member5447172026-04-012026-06-30in-capmkt:ReportableSegments1Member5447172026-04-012026-06-30in-capmkt:ReportableSegments2Member5447172026-04-012026-06-30in-capmkt:ReportableSegments3Member5447172026-04-012026-06-30in-capmkt:ReportableSegments1Member5447172026-06-30in-capmkt:ReportableSegments1Member5447172026-04-012026-06-30in-capmkt:ReportableSegments2Member5447172026-06-30in-capmkt:ReportableSegments2Member5447172026-04-012026-06-30in-capmkt:ReportableSegments3Member5447172026-06-30in-capmkt:ReportableSegments3Member5447172026-04-012026-06-30in-capmkt:ReportableSegments1Member5447172026-06-30in-capmkt:ReportableSegments1Member5447172026-04-012026-06-30in-capmkt:ReportableSegments2Member5447172026-06-30in-capmkt:ReportableSegments2Member5447172026-04-012026-06-30in-capmkt:ReportableSegments3Member5447172026-06-30in-capmkt:ReportableSegments3Member5447172026-04-012026-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15447172026-04-012026-06-30ItemsThatWillBeReclassifiedToProfitAndLoss15447172026-04-012026-06-30ItemsThatWillBeReclassifiedToProfitAndLoss2iso4217:INRxbrli:pureiso4217:INRxbrli:shares544717CLEANMAXNOTLISTEDINE647U01026CLEAN MAX ENVIRO ENERGY SOLUTIONS LIMITEDMain BoardEquity2026-04-012027-03-312026-07-312026-07-27INRMillionsQuarterlyFirst quarterMulti segment2026-07-3115:00:002026-07-3118:00:00Not applicable2026-04-012026-06-30UnauditedConsolidated8321560000419460000874102000028971800009164000003226500002547110000114634000080093000078058500009351700000935170000503320000-11510000038822000005469500000004790000551740000297400000849140000485170000665700007825700006657000011722000014.144.11004.144.110.02370.01420.0228Clean 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 Parent Company were listed on National Stock Exchange of India Limited (NSE) and BSE limited (BSE) on 02nd March, 2026. <br /> <br /> The above unaudited consolidated financial results which are published in accordance with the Regulation 33 and 52(4) read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”), for the quarter ended 30th June, 2026 have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 31st July, 2026. The above unaudited consolidated financial results have been subject to “Limited Review” by the statutory auditors of the Parent Company and they have expressed an unmodified conclusion on the unaudited consolidated financial results. The unaudited 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 ("Ind AS 34") “Interim Financial Reporting” 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 ended 30th June, 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 Company has completed its Initial Public Offer (IPO) on 02nd March, 2026. 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 Proceeds from fresh issue (net) Amount utilized up to 31st March, 2026 <br /> Prepayment of outstanding borrowings 11,226.74 5,236.74 <br /> General corporate purpose 265.72 - <br /> Total 11,492.46 5,236.74 <br /> <br /> <br /> Objects of the issue of prospectus Amount utilised during Total amount unutilised <br /> the quarter ended 30th June, 2026 upto 30th June, 2026 <br /> Prepayment of outstanding 5,990.00 - <br /> borrowings <br /> General corporate purpose 265.72 - <br /> <br /> Total 6,255.72 - <br /> <br /> The IPO proceeds towards issue expenses in respect of fresh issue aggregating to Rs. 120.70 million is currently unutilised and parked in an escrow account. <br /> <br /> During the quarter ended 30th June, 2026, the Parent Company has prepaid its 11.50% p.a Listed, Rated, Redeemable, Non-Convertible Debentures and 11.50% p.a Unlisted, Rated, Redeemable, Non-Convertible Debentures having aggregate principal amounting to Rs. 5,990 million on 02nd April, 2026 out of its IPO proceeds from fresh issue of equity shares. The original repayment of these debentures was due on 08th June, 2027. <br /> <br /> As at 30th June, 2026, the Group's and its joint ventures current liabilities exceeded its current assets by Rs.12,761.60 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, the roll forward and refinance options available to optimize working capital limits, and the proposed issuance of Non-Convertible Debentures (as referred in Note 10), the Board of Directors is of the view that the Group and its joint ventures have 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 unaudited consolidated financial results have been prepared on a going concern basis. <br /> <br /> Pursuant to the share purchase agreement dated 06th May, 2025 with Apple India Private Limited, the Parent Company has diluted 49% of its total investments in Clean Max Taurus Private Limited. During the quarter ended 30th June, 2026, the said transaction is completed on 14th May, 2026. <br /> <br /> The Board of Directors, at its meeting held on 31st July, 2026, approved the scheme of amalgamation of four wholly owned subsidiaries Clean Max Aditya Power Private Limited, Clean Max IPP 1 Private Limited, CMES Power 1 Private Limited and CMES Infinity Private Limited (“Amalgamating Companies”) with the Parent Company, subject to approval from the Hon’ble The National Company Law Tribunal, Mumbai and other regulatory authorities. The amalgamation is aimed at improving operational and management efficiencies and streamlining business operations across the group and hence, it will not have any impact on the unaudited consolidated financial results. <br /> <br /> The Board of Directors of the Parent Company, at its meeting held on 31st July, 2026, approved the issuance of listed, rated, secured, redeemable Non-Convertible Debentures ("NCDs"), on a private placement basis to certain identified investors, for an amount up to Rs. 25,000 million, in one or more tranches/series, subject to such approvals as may be required. The proceeds from the proposed issue of NCDs are intended to be utilized as per the terms agreed in the debenture trust deed which includes capital expenditure for projects, and repayment/prepayment of long-term borrowings at group level, general corporate purpose, etc. <br /> <br /> The Parent Company in extra-ordinary general meeting dated 27th June, 2025, had 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 8th August, 2025, Shareholders have approved the issuance of bonus shares to the equity shareholders in the ratio of (the 'Bonus'). The effect of Split and Bonus issues has been adjusted for the quarter ended 30th June, 2025 while calculating Earnings Per Share (EPS). <br /> <br /> Figures for unaudited consolidated financial results for the quarter ended 30th June, 2025 have been approved by the Parent Company's Board of Directors in their meeting held on 31st July, 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 published year to date 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) <br /> (Rs. in Million) <br /> Particulars Quarter Ended Year Ended <br /> 30.06.2026 31.03.2026 30.06.2025 31.03.2026 <br /> Unaudited Unaudited Audited <br /> Total Income* 22,972.75 20,017.81 11,896.55 63,573.12 <br /> Profit before tax for the quarter/year 4,682.17 1,886.93 1,743.26 10,390.65 <br /> Profit after tax for the quarter/year 3,501.99 1,244.94 1,335.45 7,673.49 <br /> *Includes Revenue from Operations & Other Income <br /> Other Expenses800930000Segment A - Renewable Energy Power Sales5282570000Segment B - Renewable Energy Services3001470000Other unallocable3752000083215600008321560000Segment A - Renewable Energy Power Sales2577390000Segment B - Renewable Energy Services152670000Other unallocable-64377000020862900001534550000551740000Segment A - Renewable Energy Power Sales210330690000Segment B - Renewable Energy Services18277230000Other unallocable022860792000018311620000246919540000Segment A - Renewable Energy Power Sales174800570000Segment B - Renewable Energy Services4555730000Other unallocable01793563000009246880000188603180000a. Renewable Energy Power Sales is the segment that sells electricity to customers through long-term PPAs and EAPAs, with offerings including Onsite Solar, Offsite, STU-Connected, and CTU-Connected. <br /> <br /> b. Renewable Energy Services Segment includes third party Engineering Procurement and Commission services and carbon services. <br /> <br /> c. Unallocable Income and Expenses <br /> i. Unallocable income includes cash flow hedges - ineffective portion of changes in fair value, profit on derecognition of ROU, Net foreign exchange gain, Interest income from amortisation of financial liability, gain on modification of borrowing terms, gain on change of ownership interest in subsidiary, gain on sale of property, plant and equipment (net) and gain on financial assets classified at fair value through profit and loss <br /> ii. Unallocable expense include gratuity expense, employee share based payment expenses, net foreign currency exchange loss, bad debts written off, expected credit loss allowance, MTM loss on forward contracts (net), non-operating sundry expense, loss on derecognition of ROU and loss on assets sold/written off. <br /> <br /> d. Segment Assets and Segment Liabilities are as at 30th June, 2026, 30th June, 2025 and 31st March, 2026. Unallocable assets and liabilities mainly includes deferred tax asset and liabilities, income tax assets and liabilities, security deposit, cash and cash equivalents and statutory obligations. <br /> Re-measurement (losses)/gain of the defined benefit obligation-1570000-1570000-390000Exchange differences on translation of financial statements of foreign operations215530000Effective portion of gains in a cash flow hedge11098000032651000027930000297400000