News ArticleClean Max Enviro Energy Solutions Plans INR 3000 Crore Debenture Issue and Sets Up IFSC Subsidiary in GIFT City
Private placement debentures to be listed on BSE/NSE; Company also releases Q2 and H1 FY 2026 financial results
Clean Max Enviro Energy Solutions Limited announced a private placement of listed, rated, redeemable non-convertible debentures valued up to INR 3000 crore, planned for listing on BSE/NSE Wholesale Debt Market. The company also approved incorporating a wholly owned subsidiary in the International Financial Services Centre (IFSC) at GIFT City, Gujarat. Additionally, it released unaudited standalone and consolidated financial results for Q2 and H1 FY 2026.
Clean Max Enviro Energy Solutions Limited
Financial Results
Clean Max Enviro Energy Solutions Limited announced a plan to raise up to INR 30,00,00,00,000 (INR 3000 crore) through issuance of listed, rated, redeemable non-convertible debentures via private placement. The debentures are to be listed on the Wholesale Debt Market segment of BSE Limited and/or NSE Limited. The company also approved incorporation of a wholly owned subsidiary in the International Financial Services Centre (IFSC) in GIFT City, Gujarat. Additionally, the company released its unaudited standalone and consolidated financial results for the quarter and half year ended September 30
The Board of Directors at its meeting held on November 3, 2026, approved issuance of non-convertible debentures up to INR 3000 crore to raise medium to long-term loans on competitive terms and to manage interest rate volatility risk efficiently. The tenor, coupon rate, allotment date, and maturity date of the debentures will be determined by authorized committees or officers.
The debentures will carry fixed interest payable monthly, quarterly, or semi-annually on the outstanding principal. The issue will be secured by charges on certain project assets and inter-corporate loans in specified subsidiaries/spvs, along with pledge of certain shares held by the issuer in subsidiaries. Redemption will be at face value on maturity.
The company is incorporating a wholly owned subsidiary under suggested names including Clean Max Financial Services IFSC Private Limited at GIFT City, Gujarat, aimed to undertake Global Treasury Centre activities as permitted under IFSCA Finance Company Regulations, 2021. The company will subscribe to 21,00,000 equity shares at INR 10 face value for a total of INR 2,10,00,000 (INR 2.1 crore).
Unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, along with the Statutory Auditor's Limited Review Report, were also approved and released.
Trading window closure will remain till 48 hours from this announcement date.
Highlights
- Planned issue of listed, rated, redeemable non-convertible debentures up to INR 3000 crore via private placement.
- Debentures to be listed on BSE and/or NSE Wholesale Debt Market segment.
- Fixed interest payments with monthly/quarterly/semi-annual schedule; secured by project assets and shares.
- Approval of wholly owned subsidiary incorporation in IFSC, GIFT City for treasury activities.
- Subsidiary share capital of INR 2.1 crore, wholly owned by Clean Max Enviro Energy Solutions.
- Unaudited standalone and consolidated financial results for Q2 and H1 FY 2026 released.
Key Data Snapshot
What happened
- Clean Max Enviro Energy Solutions approved issuance of non-convertible debentures up to INR 3000 crore to raise medium to long-term loan.
- Debentures will be listed on BSE and/or NSE's Wholesale Debt Market segment.
- The company approved incorporation of a wholly owned subsidiary in the International Financial Services Centre (IFSC), GIFT City, Gujarat.
- Unaudited standalone and consolidated financial results for Q2 and H1 FY 2026 were approved and released.
Key details
- Debentures to have fixed interest, payable monthly, quarterly, or semi-annually.
- Security for debentures includes charges on project assets and pledges of shares in certain subsidiaries.
- Subsidiary will undertake Global Treasury Centre activities under IFSCA regulations.
- Clean Max Enviro Energy Solutions will hold 100% ownership in the new subsidiary.
- Subsidiary subscription amount fixed at INR 2.1 crore for 21 lakh shares at INR 10 face value.
Funding and capital details
- Debenture issue raised via private placement to manage interest rate volatility risk.
- Redemption at face value on maturity.
- Subsidiary incorporation funded by cash consideration for full equity subscription.
Regulatory and governance context
- Issue and incorporation approvals and disclosures as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Necessary approvals to be obtained from Central Registration Centre, Ministry of Corporate Affairs, and IFSC Authority.
- Trading window remains closed until 48 hours post announcement.
Highlights
- Planned issue of listed, rated, redeemable non-convertible debentures up to INR 3000 crore via private placement.
- Debentures to be listed on BSE and/or NSE Wholesale Debt Market segment.
- Fixed interest payments with monthly/quarterly/semi-annual schedule; secured by project assets and shares.
- Approval of wholly owned subsidiary incorporation in IFSC, GIFT City for treasury activities.
- Subsidiary share capital of INR 2.1 crore, wholly owned by Clean Max Enviro Energy Solutions.
- Unaudited standalone and consolidated financial results for Q2 and H1 FY 2026 released.
Disclosures
- Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January 2026
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