Clean Max Enviro Energy Solutions Limited has submitted its statement on the deviation or variation in the utilization of funds raised through its Initial Public Offering (IPO) for the quarter ended September 30, 2026. The company, along with its monitoring agency CARE Ratings Limited, confirmed that the IPO proceeds have been utilized appropriately as per the offer document, with no deviation or variation observed.
Quarterly IPO Fund Utilization Statement Filed
Clean Max Enviro Energy Solutions Limited has officially submitted its statement regarding the utilization of funds raised during its Initial Public Offering (IPO) for the quarter that concluded on September 30, 2026. This filing adheres to Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Monitoring Agency Report Confirms No Deviation
In conjunction with the utilization statement, the company has also enclosed the Monitoring Agency Report for the same quarter, prepared by CARE Ratings Limited. The report from CARE Ratings Limited indicates that the funds raised through the IPO of equity shares by Clean Max Enviro Energy Solutions Limited have been utilized in accordance with the objects outlined in the offer document. Both the company and the monitoring agency have confirmed that there has been no deviation or variation in the utilization of these funds.
Information Available Online
This information, including the detailed statement and the monitoring agency’s report, is made available on the company’s official website, www.cleanmax.com, for public access and record.
Source: BSE
