Page 1

BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai – 400 001 Maharashtra, India National Stock Exchange of India Ltd. Exchange Plaza, Plot no. C/1, G Block Bandra Kurla Complex, Bandra (E) Mumbai – 400 051 Maharashtra, India Scrip Code: 544717 S ymbol: CLEANMAX Sub: Outcome of the meeting of the Board of Directors of Clean Max Enviro Energy Solutions Limited (formerly known as Clean Max Enviro Energy Solutions Private Limited) (“the Company”) Ref: Regulations 30, 33, 51 and 52 other applicable prov isions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Re quirements) Regulations, 2015, as amended and the SEBI Circular no. HO/49/14/14(7)202 5-CFD-POD2/I/3762/2026 dated 30 January 2026, as amended Dear Sir/Madam, This is in furtherance to our letter dated 29 October 2026, intimating the date of the Board Meeting and pursuant to the provisions of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015, as amended (“SEBI LODR Regulations”), the Board of Directors of the Company at its meeting held today i. e., Tuesday, 3 November 2026, inter-alia, considered and approved the following:  Issuance of listed, rated, redeemable, non-convertibl e debentures/Bonds on private placement basis, with an objective to raise medium to long ter m loan at competitive terms and manage interest rate volatility risk more efficiently, the terms and conditions are annexed herewith as an “Annexure A”  Incorporation of a wholly owned subsidiary of the Company at the International Financial Services Centre (IFSC) in Gujarat Finance Tec-City (GIFT City), Gujarat, India and the relevant disclosures are set out in “Annexure B”.  Unaudited consolidated financial results (Management Accounts) for the quarter ended 30 September 2025.  Unaudited standalone and consolidated financial results of the Company along with the Statutory Auditor’s Limited Review Report for the quarter and half year ended 30 September 2026 are annexed herewith as an “Annexure C”. The details as required under Regulation 30 of the S EBI LODR Regulations read with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January 2026 is attached herewith as “Annexure – A, B & C” The meeting of the Board of Directors of the Compan y commenced at 03:30 P.M. and concluded at 07:00 P.M. Also, please note that the trading window shall remain closed until 48 hours from this announcement.

Page 2

This information is made available on the Company's website i.e., www.cleanmax.com This is for your information, record, and appropriate dissemination. Thank you. Yours faithfully, For Clean Max Enviro Energy Solutions Limited (Formerly known as Clean Max Enviro Energy Solutions Private Limited) Ullash Parida Company Secretary and Compliance Officer Membership No.: FCS 8689 03 November 2026 Mumbai Encl: a\a

Sign in to continue

Your watchlist and earnings event details are available after you sign in.

Page 1

Page 2

Sign in to continue

Your watchlist and earnings event details are available after you sign in.

Page 3

Annexure A Issuance of Non – Convertible Debentures: Particulars Terms Type of Securities Listed, rated, redeemable, non -convertible debentures Type of the Issue Private Placement Size of Issue Up to INR 30,00,00,00,000 (Indian Rupee Three Thousand Crore Only) or any other amount as may be decided by the relevant committees/authorised officers to whom the Board has delegated such authority Whether proposed to be listed? If Yes, Name of Stock Exchange The NCDs are proposed to be listed on the Wholesale Debt Market segment of the BSE Limited and / or NSE Limited Tenor of the instrument As may be decided by the relevant committees/authorised officers to whom the Board has delegated such authority Date of allotment As may be decided by the Board /Committees Date of maturity As may be decided by the relevant committees/authorised officers to whom the Board has delegated such authority Coupon/interest offered As may be decided by the relevant committees/authorised officers to whom the Board has delegated such authority Schedule of payment of coupon/interest and principal Fixed interest payable monthly or quarterly or semi-annually on the outstanding principal amount Details of charge/security, if any, created over the assets;  Charge over certain project assets of the Issuer and certain identified subsidiaries/ SPVs of the Issuer (excluding land)  Non disposal undertaking and power of attorney for immovable properties of the Issuer and identified subsidiaries / SPVs  Charge over the inter corporate loans/ deposits/perpetual debt infused by the Issuer in a few identified SPVs  Pledge over certain shares held by the Issuer in certain identified subsidiaries/SPVs Special right / interest/ privileges attached to the instrument and changes thereof; Not Applicable Details of delay in payment of interest / principal amount for a period of more than three months from the due date or default in payment of interest / principal; Not Applicable Details of any letter or comments regarding payment/non-payment of interest, principal on due dates, or any other matter concerning the security and /or the assets along with its comments thereon, if any Not Applicable Details of redemption of debentures indicating the manner of redemption The debentures shall be redeemed at the face value per debentures on the date of maturity.

Page 5

Annexure B Sr. No. Particulars Details a) Name of the entity, date & country of incorporation, etc. Proposed Name: Clean Max Financial Services IFSC Private Limited, or Clean Max Financial Solutions IF SC Private Limited, or such other name as may be appro ved by the Central Registration Centre / Ministry of Corporate Affairs. Date of Incorporation: To be incorporated. Country of Incorporation: India. b) Name of holding company of the incorporated company and relation with the listed entity Name of Holding Company: Clean Max Enviro Energy Solutions Limited (“Holding Company”). Relationship: The proposed company will be incorporated as a Wholly Owned Subsidiary (WOS) of Clean Max Enviro Energy Solutions Limited. c) Industry to which the entity being acquired belongs Activities of Global Treasury Centre, as permitted u nder the IFSCA (Finance Company) Regulations, 2021. d) Brief background about the entity incorporated in terms of products / line of business The WOS will undertake Global Treasury Centre Activities, as permitted under the IFSCA (Finance Company) Regulations, 2021. e) Brief details of any governmental or regulatory approvals required for the acquisition/incorporation Necessary approvals will be obtained from the Centr al Registration Centre (CRC) / Ministry of Corporate Af fairs (MCA), the International Financial Services Centres Authority (IFSCA) or any such other relevant authori ties, as may be applicable. f) Nature of consideration — whether cash consideration or share swap and details of the same Cash consideration for 100% subscription of Equity Share Capital of proposed WOS. g) Cost of subscription / price at which the shares are subscribed The Company will subscribe 21,00,000 equity shares a t face value of INR 10 per share amounting to INR 2,10,00,000 (Indian Rupee Two Crore Ten Lakh only). h) Percentage of shareholding / control by the listed entity and / or number of shares allotted The Company will hold 100% shareholding in the proposed WOS.

Page 6

B S R & Co. LLP Chartered Accountants 14th Floor, Central B Wing and North C Wing Nesco IT Park 4, Nesco Center Western Express Highway Goregaon (East), Mumbai – 400 063, India Telephone: +91 (22) 6257 1000 Fax: +91 (22) 6257 1010 Registered Office: B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013 14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 Page 1 of 18 Limited Review Report on unaudited consolidated financial results of Clean Max Enviro Energy Solutions Limited (formerly known as Clean Max Enviro Energy Solutions Private Limited) for the quarter ended 30 September 2026 and year to date results for the period from 1 April 2026 to 30 September 2026 pursuant to Regulation 33 and Regulation 52(4) read with Regulation 63 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To the Board of Directors of Clean Max Enviro Energy Solutions Limited (formerly known as Clean Max Enviro Energy Solutions Private Limited) 1. We have reviewed the accompanying Statement of unaudited consolidated financial results of Clean Max Enviro Energy Solutions Limited (formerly known as Clean Max Enviro Energy Solutions Private Limited) (hereinafter referred to as “the Parent”), and its subsidiaries (the Parent and its subsidiaries together referred to as “the Group”) and its share of the net profit after tax and total comprehensive income of its joint ventures for the quarter ended 30 September 2026 and year to date results for the period from 1 April 2026 to 30 September 2026 (“the Statement”), being submitted by the Parent pursuant to the requirements of Regulation 33 and Regulation 52(4) read with Regulation 63 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). Attention is drawn to the fact that the figures for the corresponding quarter ended 30 September 2025, as reported in the Statement have been approved by the Parent’s Board of Directors, but have not been subjected to review. 2. This Statement, which is the responsibility of the Parent’s management and approved by the Parent’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “ Interim Financial Reporting ” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52(4) read with Regulation 63 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the entities mentioned in Annexure I to the Statement.

Page 7

B S R & Co. LLP Limited Review Report (Continued) Clean Max Enviro Energy Solutions Limited (formerly known as Clean Max Enviro Energy Solutions Private Limited) Page 2 of 18 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52(4) read with Regulation 63 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. We did not review the interim financial information of four (4) subsidiaries and six (6) step-down subsidiaries included in the Statement, whose interim financial information reflects total assets (before consolidation adjustments) of Rs 34,308.30 million as at 30 September 2026 and total revenues (before consolidation adjustments) of Rs 625.03 million and Rs 1,181.24 million, total net profit / (loss) after tax (before consolidation adjustments) of Rs 122.78 million and Rs (172.54) million and total comprehensive income (before consolidation adjustments) of Rs 153.88 million and Rs 72.68 million, for the quarter ended 30 September 2026 and for the period from 1 April 2026 to 30 September 2026 respectively, and cash inflows (net) (before consolidation adjustments) of Rs 370.56 million for the period from 1 April 2026 to 30 September 2026 as considered in the Statement. The Statement also include the Group’s share of net profit after tax of Rs 7.42 million and Rs 11.88 million and total comprehensive income of Rs 7.42 million and Rs 11.88 million, for the quarter ended 30 September 2026 and for the period from 1 April 2026 to 30 September 2026 respectively as considered in the Statement, in respect of three (3) joint ventures, whose interim financial information have not been reviewed by us. These interim financial information have been reviewed by other auditors whose reports have been furnished to us by the Parent’s management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, step- down subsidiaries and joint ventures, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above. Our conclusion is not modified in respect of this matter. 7. The Statement includes the financial information of eight (8) subsidiaries which have not been reviewed, whose financial information reflects total assets (before consolidation adjustments) of Rs 0.80 million as at 30 September 2026 and total revenues (before consolidation adjustments) of Nil and Nil, total net loss after tax (before consolidation adjustments) of Rs (0.03) million and Rs (0.09) million and total comprehensive loss (before consolidation adjustments) of Rs (0.03) million and Rs (0.09) million, for the quarter ended 30 September 2026 and for the period from 1 April 2026 to 30 September 2026 respectively, and cash inflows (net) (before consolidation adjustments) of Rs 0.80 million for the period from 1 April 2026 to 30 September 2026 as considered in the Statement. The Statement also includes the Group’s share of net profit after tax of Rs 1.26 million and Rs 1.59 million and total comprehensive income of Rs 1.26 million and Rs 1.59 million, for the quarter ended 30 September 2026 and for the period from 1 April 2026 to 30 September 2026 respectively as considered in the Statement, in respect of one (1) joint venture, based on its interim financial information which have not been reviewed. According to the information and explanations given to us by the Parent’s management, these interim financial information are not material to the Group.

Page 24

Statement of the unaudited Consolidated Financial Results for the quarter and six months ended 30th September, 2026 (Rs. in Million) Year Ended 30th September, 2026 (Unaudited) 30th June, 2026 (Unaudited) 30th September, 2025 (Unaudited) [Refer note 12] 30th September, 2026 (Unaudited) 30th September, 2025 (Audited) [Refer note 11] 31st March, 2026 (Audited) I Income: Revenue from operations: Renewable energy power sales 6,040.29 5,282 .57 3,610.42 11,322.86 7,192.15 13,994.50 Renewable energy services 1,236.25 3,001.47 1,636.84 4,237.72 2,050.07 4,973.28 Others - 37.52 58.88 37.52 87.31 160.95 Total revenue from operations 7,276.54 8,32 1.56 5,306.14 15,598.10 9,329.53 19,128.73 Other income 232.29 419.46 274.92 651.75 363.92 1,623.41 Total income 7,508.83 8,741.02 5, 581.06 16,249.85 9,693.45 20,752.14 II Expenses: Consumption of materials and cost of services 1,337.66 2,897.18 1,356.57 4,234.84 1,948.81 4,647.85 Purchase of traded goods 45.83 91.64 50.34 137.47 84.06 366.20 Employee benefits expense 347.03 322.65 289.24 669.68 605.68 1,037.11 Other expenses 301.04 800.93 255.32 1,101.97 676.32 1,755.35 Total expenses 2,031.56 4,112.40 1,951.47 6,143.96 3,314.87 7,806.51 III Earnings before interest, tax, depreciation, impairment and amortisation (EBITDA) (I-II) 5,477.27 4,628.62 3,629.59 10,105.89 6,378.58 12,945.63 IV Finance costs 2,892.96 2,547.11 1,954.75 5,440.07 4,160.75 7,859.22 V Depreciation, amortisation and impairment expense 1, 393.20 1,146.34 888.10 2,539.54 1,722.57 3,7 99.12 VI Profit before share of profit of joint ventures and a ssociate and tax (III - IV - V) 1,191.11 935.17 786.74 2,126.28 495.26 1,287.29 VII Share of net profit of joint ventures (net of taxe s) 8.68 4.79 3 9.60 13.47 35.69 62.52 VIII Profit before tax (VI + VII) 1,199.79 939.96 826.34 2,139.75 530.95 1,349.81 IX Tax expenses/(credit) Current tax 261.66 503.32 449.94 764.98 609.52 2,176.60 Deferred tax 288.64 (115.10) 20.39 173.54 (268.61) (1,682.56) Total Tax expenses 550.30 388.22 470.33 938.52 340.91 494.04 X Profit after tax (VIII-IX) 649.49 551.74 356.01 1,201.23 190.04 85 5.77 XI Other comprehensive income Items that will not be reclassified to profit or loss (a) Remeasurement (loss)/gain of the defined benefit obligation (8.60) (1.57) (7.88) (10.17) (7.88) (6.49) (b) Income tax relating to items that will not be reclassified to profit or loss 2.17 0.39 1.98 2.56 1.98 1.63 Items that will be reclassified to profit or loss (a) Exchange differences on translation of financial statements of foreign operations (154.98) 215.53 (153.71) 60.55 105.47 234.56 (b) Effective portion of gains in a cash flow hedge 4 23.66 110.98 531.06 534.64 531.06 5,492.10 (c) Income tax relating to items that will be reclassified to profit or loss (105.23) (27.93) (133.6 7) (133.16) (133.67) (1,382.36) Total other comprehensive income 157.02 297.40 237.78 454.42 496.96 4,339.44 XII Total Comprehensive Income (X + XI) 806.51 849.14 593.79 1,655.65 687.00 5, 195.21 XIII Profit/(loss) for the period/year attributable to: Owners of the Company 470.46 485.17 252.62 955.63 110.63 941.32 Non-controlling interests 179.03 66.57 103.39 245.60 79.41 (85.55) XIV Other comprehensive income for the period/year attr ibutable to: Owners of the Company 157.02 297.40 237.78 454.42 49 6.96 4,339.44 Non-controlling interests - - - - - - XV Total comprehensive income/(loss) for the period/ye ar attributable to: Owners of the Company 627.48 782.57 490.40 1,410.05 607.59 5,280.76 Non-controlling interests 179.03 66.57 103.39 245.60 79.41 (85.55) XVI Paid-up equity share capital 117.55 117.22 101 .44 117.55 101.44 117.08 (Face value of Re. 1 per share) XVII Other equity 46,265.58 XVIII Earnings per share (not annualised): (Face Value ₹1 per Share) Basic (₹) 4.01 4.14 2.49 8.15 1.09 9.10 Diluted (₹) 3.98 4.11 2.41 8.09 1.05 8.96 Six Months Ended Sr. No. Particulars Quarter Ended

Page 25

Statement of the unaudited Consolidated Assets and Liabilities as at 30th September, 2026 (Rs. in Million) Particulars As at 30th September, 2026 (Unaudited) As at 31st March, 2026 (Audited) A. ASSETS I Non-current assets (a) Property, plant and equipment 1,37,705.35 1,17,445.12 (b) Capital work-in-progress 67,457.44 53,392.12 (c) Goodwill 223.99 220.12 (d) Other intangible assets 1,899.98 1,873.24 (e) Intangible assets under development 40.32 35.59 (f) Investments accounted for using the equity method 365.31 346.40 (g) Financial assets (i) Investments 1,043.66 1,021.08 (ii) Loans 734.99 507.77 (iii) Other financial assets 11,299.39 9,768.80 (h) Income tax assets (net) 658.84 627.41 (i) Deferred tax assets (net) 5,367.25 5,455.30 (j) Other non-current assets 6,682.80 6,238.67 Total non-current assets 2,33,479.32 1,96,931.62 II Current assets (a) Inventories 971.86 399 .51 (b) Financial assets (i) Investments 7,671.36 - (ii) Trade receivables 5,765.88 2,778.82 (iii) Cash and cash equivalents 8,922.53 12,019.60 (iv) Bank balances other than (iii) above 1 2,073.93 10,859.97 (v) Loans 55.52 26.36 (vi) Other financial assets 246.10 2,360.05 (c) Other current assets 6,275.72 5,606.85 Total current assets 41,982.90 34,051.16 Total Assets 2,75,462.22 2,30,982.7 8 B. EQUITY AND LIABILITIES I Equity (a) Equity share capital 117.55 117.08 (b) Other equity 48,281.75 46,2 65.58 Total equity attributable to the owners of the Compa ny 48,399.30 46,382.66 (c) Non-controlling interests 11,132.29 8,852.69 Total Equity 59,531.59 55,235.35 Liabilities II Non-current liabilities (a) Financial liabilities (i) Borrowings 1,61,444.67 1,13,124.22 (ii) Lease liabilities 3,087.56 2,497.43 (iii) Other financial liabilities 1,497.09 1,455.37 (b) Provisions 130.53 103.9 1 (c) Deferred tax liabilities (net) 5,770.67 5,432.41 (d) Other non-current liabilities 2,160.68 1,841.98 Total non-current liabilities 1,74,091.20 1,24,455.32 III Current liabilities (a) Financial liabilities (i) Borrowings 10,824.60 10,983.42 (ii) Acceptances against capital and other creditors 16,376.79 17,309.1 9 (iii) Lease liabilities 380.34 238.04 (iv) Trade payables (a) Total outstanding dues of micro e nterprises and small enterprises; and 906.33 148.43 (b) Total outstanding dues of credito rs other than micro enterprises and small enterprises 8,535.88 17,354.59 (v) Other financial liabilities 968.23 1,061.70 (b) Other current liabilities 3,130.12 2,516.12 (c) Provisions 14.31 11.82 (d) Current tax liabilities (net) 702.83 1,668.80 Total current liabilities 41,839.43 51,292.11 Total liabilities 2,15,930.63 1,75 ,747.43 Total Equity and Liabilities 2,7 5,462.22 2,30,982.78

Page 26

Consolidated Statement of the unaudited Cash Flows for the six months ended 30th September, 2026 (Rs. in Million) Particulars For the six months ended 30th September, 2026 (Unaudited) For the six months ended 30th September, 2025 (Audited) (Refer note 11) A. Cash flows from operating activities Profit before tax 2,139.75 530.95 Adjustments for: Depreciation, impairment and amortisation expenses 2,539.54 1,722.57 Gain on investments in mutual funds (net) (67.37) (23.41) Equity settled share based payment transactions 126.23 196.48 Unrealised foreign exchange losses (net) 225.39 18.82 Interest income (other than interest on loans given to related parties) (335.11) (221.43) Interest income from loans given to related parties (18.4 9) (2.47) Gratuity expense - 9.27 Allowances for expected credit loss 208.84 38.3 6 Bad debts written off 8.60 - Net loss on sale of property, plant and equipment 32.02 - Finance costs 5,440.07 4,160.75 Sundry balances written back (1.95) - MTM loss on forward contracts (net) 12.98 1.71 Cash flow hedges - ineffective portion of changes in fair value (169.02) (71.70) Share of profit of joint ventures and associate (net of taxes) (13.47) (35.69) Revenue from common infra services (90.12) - Profit on derecognition of ROU asset (2.09) - Operating profit before working capital changes 10,035.80 6,324.21 Changes in working capital Adjustments for (increase) / decrease in operating assets: Trade receivables (3,204.49) (291.20) Inventories (572.35) 205.26 Other financial assets 2,082.16 (479.08) Other assets (685.29) (2,884.04) Adjustments for increase / (decrease) in operating liabilities: Trade payables (8,993.46) 9,204.06 Provisions 18.94 7.20 Other liabilities 985.37 1,838.33 Cash (used in)/generated from operating activities (333.32) 13,924.74 Income taxes paid (net) (1,687.64) (167.92) Net cash flows generated from operating activities (A) (2,020. 96) 13,756.82 B. Cash flows from investing activities Capital expenditure on property, plant and equipment, capital work in progress, intangible assets, intangible assets under development and capital advances (33,207.53) (32,602.64) Proceeds from sale of property, plant and equipment 14.65 - Investments made in joint ventures (5.44) - Withdrawal of current capital in joint venture - 5.00 Movement in current investments (net)* (7,668.82) - Movement in lien marked mutual funds (net)* 32.27 75.34 Loans given to joint ventures (227.22) (210.73) Repayments of loans given to employees 2.74 32.59 (Repayments)/ loan given to others (31.91) - Net investments in fixed deposits* (809.94) 763.30 Use of restricted bank balances (net)* (1,236.55) (659.67) Dividend income received 32.56 - Interest received on loans and deposits 345.04 214.80 Net cash flows used in investing activities (B) (42,760.15) (32,382.01)

Page 27

(Rs. in Million) Particulars For the six months ended 30th September, 2026 (Unaudited) For the six months ended 30th September, 2025 (Audited) (Refer note 11) C. Cash flows from financing activities Proceeds from non-current borrowings 48,116.06 34,958.23 Repayments of non-current borrowings (14,557.28) (13,018.96) Redemption of non convertible debentures (5,990.00) - Repayments of short term borrowings (net)* (5,098.46) (322.40) Proceeds from issue of share capital 0.47 - Proceeds from issue of Non-convertible debentures 25,015.77 - Proceeds from issue of shares to Non-controlling Interest (NCI) in subsidiaries - 1,171.34 Change in Non-Controlling Interests (NCI) due to additional investments 2,579.52 - Change in NCI due to repayments on account of dividend (47.58) (5.85) Gain/(loss) on account of change in ownership without change in control 95.91 - Lease liabilities paid (820.23) (205.39) Finance costs paid (6,245.98) (4,391.97) Other borrowing costs paid (1,127.80) (181.73) Transaction costs related to borrowings (273.83) (500.71) Net cash flows generated from financing activities (C) 41,646.57 17,502.56 Net decrease in cash and cash equivalents (A+B+C) (3,134.54) ( 1,122.63) Cash and cash equivalents at the beginning of the period 12,019.60 3,285.85 Exchange difference on translation of foreign currency cash and cash equivalents 37.47 - Cash and cash equivalents at the end of the period 8,922.53 2,163.22 Note: *Includes transactions where turnover is quick, amounts are large and maturities are short. The above Consolidated Statement of Cash Flows has been prepared under the "Indirect Method" as set out in Indian Accounting Standard (Ind AS) 7 - Statement of Cash Flows.

Page 28

Notes to the unaudited Consolidated Financial Results for the quarter and six months ended 30th September, 2026 1 2 3 4 5 Objects of the issue of prospectus Proceeds from fresh issue (net) Amount utilised up to 31st March, 2026 Amount utilised during the quarter ended 30th September, 2026 Total amount unutilised up to 30th September, 2026 Prepayment of outstanding borrowings 11,226.74 5,236.74 5,990.00 - General corporate purpose 265.72 - 265.72 - 11,492.46 5,236.74 6,255.72 - 6 7 8 Clean 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, asamended 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 datethe 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 2nd March, 2026. The above unaudited consolidated financial results which arepublished 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”), forthe quarter and six months ended 30th September, 2026 have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 3rd November, 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. Disclosures in compliance with 52 (4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter and six months ended 30th September, 2026 are attached as Annexure I. The segment reporting of the Group and its joint ventures has been prepared in accordance with Ind AS 108 on "Operating Segments"as attached in Annexure II. The Managing Director of the Group and its jointventures has been identified as Chief Operating Decision Maker (CODM) who allocates the resources based on analysis of various performance indicators of the Group and its joint ventures. 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) are as follows: The IPO proceeds towards issue expenses in respect of fresh issue aggregating to Rs. 51.5 million are currently unutilised and parked in an escrow account. During the six months ended 30th September, 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 toRs. 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 dueon 08th June, 2027. The Board of Directors of the Parent Company, 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 MaxIPP 1 Private Limited, CMES Power 1 Private Limited and CMES Infinity Private Limited (“Amalgamating Companies”) with the ParentCompany. The application has been filed on 17th October, 2026 and is subject to approval from the National Company Law Tribunal (NCLT), Mumbai and other regulatory authorities. The amalgamation is aimed at improving operational and management efficiencies and streamliningbusiness operations across the group and it will be accounted as per Appendix C of Ind AS 103. This will not have any impact on the unaudited consolidated financial results. 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 sixmonths period ended 30th September, 2026, the said transaction was completed on 14th May, 2026.

Page 29

Notes to the unaudited Consolidated Financial Results for the quarter and six months ended 30th September, 2026 9 Particulars Proceeds from issue Objects of the issue debentures 25,000.00 25,000.00 10 11 12 13 14 (Rs. in Million) Particulars Year Ended 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Unaudited Unaudited Unaudited Unaudited Unaudited A udited Total Income* 13,805.63 22,972.75 15,485.57 36,778.38 27,382.12 63,573.12 Profit before tax for the period/year 2,104.62 4,682.17 3,187.64 6,786.79 4,930.90 10,390.65 Profit after tax for the period/year 1,563.36 3,501.99 2,390.32 5,065.35 3,725.77 7,673.49 *Includes Revenue from Operations & Other Income For identification purpose only, For and on behalf of the Board of Direc tors of B S R & Co. LLP Clean Max Enviro Energy Solutions Limited (formerly known as Clean Max Enviro Energy Solutions Private Limited) Aniruddha Godbole Kuldeep Jain Partner Managing Director DIN: 02683041 Place: Mumbai Date: 3rd November, 2026 16,922.52 8,077.48 8,077.48 16,922.52 As at 30 September 2026, out of the total unutilized proceeds, Rs. 7,169.20 million had been invested in debt mutual funds, being a permitted mode of investment under the terms of the Debenture Trust Deed, while the remaining Rs. 908.28 million was held in the escrow account. Quarter Ended Six Months Ended The above unaudited Consolidated Financial Results of the Groupand 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). Financial Results of Clean Max Enviro Energy Solutions Limited (Formerly known as Clean Max Enviro Energy Solutions Private Limited): During the quarter ended 30th September, 2026, the Parent Company issued additional senior, secured, rated, listed, redeemable Non-Convertible Debentures ("NCDs") (Green Debt Securities), on a private plac ement basis to certain identified investors, aggregating to R s. 25,000 million(excluding premium of Rs. 15.77 million), in one or more tranches/series, vide Debenture Trustee Agreement dated 23rd September, 2026. 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, general corporate purposes, etc. The details of utilisation of debenture proceeds from issue are as follow: Figures for audited consolidated financial information for the six months ended 30th September, 2025 have been approved by the Parent Company's Board of Directors in their meeting held on 19th November, 2025. Statutory Auditors have expressed unmodified opinion on the said financial information via their report dated 19th November, 2025. During the quarter ended 30th September 2026, the Company amended and restated the Debenture Trust Deed dated 18 August 2026 in relation to the ₹4,000 million NCDs, pursuant to which the status of the debentures was changed from unsecured to secured. The corresponding charge has been filed with the Registrar of Companies and was registeredon 19th October 2026. Accordingly, the asset cover has been computed after considering the security package envisaged under the amended deed, including a subservient charge over the Company's cash flows and receivables, an exclusive charge over partnership interests in specified LLPs, pledge of shares of identified project companies, deposits maintained in designated accounts in relation to the debentures, and specified assets of a subsidiary. Figures for unaudited consolidated financial results for the quarter ended 30th September, 2025 have been approved by the Parent Company's Board of Directors in their meeting held on 03rd November, 2026. Total amount unutilised upto 30th September, 2026 Amount utilised till 30th September, 2026

Page 30

As at/ for the year ended 30th September, 2026 (Unaudited) 30th June, 2026 (Unaudited) 30th September, 2025 (Unaudited) [Refer note 12] 30th September, 2026 (Unaudited) 30th September, 2025 (Audited) [Refer note 11] 31st March, 2026 (Audited) 1 Debt-equity ratio (Borrowings/Equity including Non-Cont rolling Interest) 2.89 2.37 3.80 2.89 3.80 2.25 2 Debt service coverage ratio* (EBITDA divided by Principal rep ayments (excluding refinancing) + Interest charged to profit and loss statement) 1.49 1.42 1.13 1.46 1.05 1.26 3 Interest service coverage ratio (EBITDA divided by Interest c harged to profit and loss statement) 2.43 2.28 3.53 2.36 1.87 1.87 4 Debenture redemption reserve 400.00 400.00 599.00 400.00 599.00 999.00 5 Net-worth (In Rs. Million) (Equity share capital + Preference share capital + Other equity) 48,399.30 47,214.52 26,666.65 48,399.30 26,666.65 46,382.66 6 Net profit after tax (In Rs. Million) 649.49 551.74 356.01 1,201.23 190.04 855.77 7 Earnings per share -Basic (Restated) 4.01 4.14 2.49 8.15 1.09 9.10 -Diluted (Restated) 3.98 4.11 2.41 8.09 1.05 8.96 8 Current ratio (Current assets/Current liabilities) 1.0 0 0.74 0.68 1.00 0.68 0.66 9 Long-term debt to working capital ratio (Non-current Borrowings/Current assets-Current liabilities) 1,125.24 (10.06) (9.64) 1,125.24 (9.64) (6.56) 10 Bad debts to accounts receivable ratio (Provision for doubtful debts + bad debts written-off/ Average trade receivables#) <0.01 0.06 <0.01 0.07 0.02 <0.01 11 Current liability ratio (Current liability/Total liability) 0.19 0.26 0.23 0.19 0.23 0.29 12 Total debts to total assets (Borrowings/Total assets) 0.63 0.56 0.60 0.63 0.60 0.54 13 Debtors turnover ratio (Revenue from operations/Average tra de receivables#) 2.07 2.50 2.60 5.27 4.58 8.21 14 Inventory turnover ratio (Cost of materials purchased + Pu rchases of traded goods)/Average inventory) 0.93 2.49 3.34 6.38 4.83 10.90 15 Operating margin (%) (EBITDA/ Revenue from operations) 75.27% 55.62% 68.40% 64.79% 68.37% 67.68% 16 Net profit margin (%) (Profit before tax/ Revenue from oper ations) 16.49% 11.30% 15.57% 13.72% 5.69% 7.06% #Average trade receivables excludedes unbilled revenue. *Loans repaid through IPO proceeds and refinancing of loan through utilization of funds received from issue of non-convertible debentureby the Parent Company, have been excluded from the ratio calculation. Annexure I: Disclosure in compliance with Regulation 33 and Regulation 52(4) of SEBI ( Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter and six months ended 30th September, 2026 As at / for the quarter ended Particulars Sr. No. As at / for the six months ended

Page 31

Annexure II: Consolidated Segment-wise Revenue, Results, Assets and Liabilities for the quarter and six months ended 30th September, 2026 Year Ended 30th September, 2026 (Unaudited) 30th June, 2026 (Unaudited) 30th September, 2025 (Unaudited) [Refer note 12] 30th September, 2026 (Unaudited) 30th September, 2025 (Audited) [Refer note 11] 31st March, 2026 (Audited) Segment revenue (a) Segment A - Renewable Energy Power Sales 6,040.29 5,282.57 3,610.42 11,322.86 7,192.15 13,994.50 (b) Segment B - Renewable Energy Services 1,236.25 3,001.47 1,636.84 4,237.72 2,050.07 4,973.28 (c) Other unallocable - 37.52 58.88 37.52 87.31 160.95 Revenue from operations 7,276.54 8,321.56 5,306.14 15,598.10 9,329.53 19,128.73 Segment gross margin (a) Segment A - Renewable Energy Power Sales 5,639.78 4,862.98 3,267.51 10,502.76 6,624.19 12,943.22 (b) Segment B - Renewable Energy Services 253.26 469.76 631.72 723.02 672.47 1,171.46 (c) Other unallocable - - - - - - Gross margin 5,893.04 5,332.74 3,899.23 11,225.78 7,296.66 14,114.68 Segment EBITDA (a) Segment A - Renewable Energy Power Sales 5,257.00 4,604.21 3,376.62 9,861.21 6,179.27 12,322.24 (b) Segment B - Renewable Energy Services 274.50 335.87 485.51 610.37 521.41 985.65 (b) Other unallocable (54.23) (311.46) (232.54) (365.69) (322.10) (362.26) EBITDA 5,477.27 4,628.62 3,629.59 10,105.89 6,378.58 12,945.63 Segment results (a) Segment A - Renewable Energy Power Sales 3,011.87 2,577.39 1,874.79 5,589.27 2,526.87 5,457.72 (b) Segment B - Renewable Energy Services 51.59 152.67 151.54 204.26 187.44 588.62 Segment results 3,063.46 2,730.07 2,026.33 5,793.53 2,714.31 6,046.34 Other unallocable (470.47) (643.77) (311.89) (1,114.24) (460.79) (897.42) Depreciation, impairment and amortisation expenses 1,393.20 1,146.34 888.10 2,539.54 1,722.57 3,799.12 Total tax expense 550.30 388.22 470.33 938.52 340.91 494.03 Profit for the period/year 649.49 551.74 356.01 1,201.23 190.04 855.77 Segment assets (a) Segment A - Renewable Energy Power Sales 2,32,337.30 2,10,330.69 1,59,858.90 2,32,337.30 1,59,858.90 1,96,734.00 (b) Segment B - Renewable Energy Services 16,765.32 18,277.23 2,317.67 16,765.32 2,317.67 14,759.80 (c) Unallocated 26,359.60 18,311.62 7,279.89 26,359.60 7,279.89 19,488.98 Total 2,75,462.22 2,46,919.54 1,69,456.46 2,75,462.22 1,69,456.46 2,30,982.78 Segment liabilities (a) Segment A - Renewable Energy Power Sales 2,01,441.99 1,74,800.57 1,24,846.53 2,01,441.99 1,24,846.53 1,63,953.12 (b) Segment B - Renewable Energy Services 4,655.78 4,555.73 2,620.32 4,655.78 2,620.32 3,194.35 (c) Unallocated 9,832.86 9,246.88 7,997.74 9,832.86 7,997.74 8,599.96 Total 2,15,930.63 1,88,603.18 1,35,464.59 2,15,930.63 1,35,464.59 1,75,747.43 Notes: c. Unallocable Income and Expenses 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 ii. Unallocable expenses 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. d. Segment Assets and Segment Liabilities are as at 30th September, 2026, 30th June, 2026, 30th September, 2025 and 31st March, 2026. Unallocable assets and liabilities mainly include deferred tax assets and liabilities, income tax assets and liabilities, security deposit, cash and cash equivalents and statutory obligations. Quarter Ended Six Months Ended a. 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. b. Renewable Energy Services Segment includes third party Engineering Procurement and Commissioning services and carbon services. Particulars

Page 32

B S R & Co. LLP Chartered Accountants 14th Floor, Central B Wing and North C Wing Nesco IT Park 4, Nesco Center Western Express Highway Goregaon (East), Mumbai – 400 063, India Telephone: +91 (22) 6257 1000 Fax: +91 (22) 6257 1010 Registered Office: B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013 14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 Page 1 of 2 Limited Review Report on unaudited standalone financial results of Clean Max Enviro Energy Solutions Limited (formerly known as Clean Max Enviro Energy Solutions Private Limited) for the quarter ended 30 September 2026 and year to date results for the period from 01 April 2026 to 30 September 2026 pursuant to Regulation 33 and Regulation 52(4) read with Regulation 63 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To the Board of Directors of Clean Max Enviro Energy Solutions Limited (formerly known as Clean Max Enviro Energy Solutions Private Limited) 1. We have reviewed the accompanying Statement of unaudited standalone financial results of Clean Max Enviro Energy Solutions Limited (formerly known as Clean Max Enviro Energy Solutions Private Limited) (hereinafter referred to as “the Company”) for the quarter ended 30 September 2026 and year to date results for the period from 01 April 2026 to 30 September 2026 (“the Statement”). 2. This Statement, which is the responsibility of the Company’s management and approved by its Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52(4) read with Regulation 63 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”). Our responsibility is to issue a report on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52(4) read with Regulation 63 of the Listing Regulations, including the

Page 34

Statement of the unaudited Standalone Financial Results for the quarter and six months ended 30th September, 2026 (Rs. in Million) Year Ended 30th September, 2026 (Unaudited) 30th June, 2026 (Unaudited) 30th September, 2025 (Unaudited) 30th September, 2026 (Unaudited) 30th September, 2025 (Unaudited) 31st March, 2026 (Audited) I Income : Revenue from operations 12,875.17 21,253.47 14,577.09 34,128.64 25,856.74 60,032.91 Other income 930.46 1,719.28 908.48 2,649.74 1,525.38 3,540.21 Total Income 13,805.63 22,972.75 15,485.57 36,778.38 27,382.12 63,573.12 II Expenses : Consumption of materials and cost of services 9,970.58 15,979.37 10,529.22 25,949.95 19,536.38 46,106.76 Purchase of traded goods 45.83 91.64 26.43 137.47 60.15 168.78 Employee benefits expense 559.90 472.33 413.94 1,032.23 737.55 1,748.08 Other expenses 173.85 528.08 339.60 701.93 505.52 964.43 Total expenses 10,750.16 17,071.42 11,309.19 27,821.58 20,839.60 48,988.05 III Earnings before interest, tax, depreciation, impairment and amortisation (EBITDA) (I-II) 3,055.47 5,901.33 4,176.38 8,956.80 6,542.52 14,585.07 IV Finance costs 791.99 1,081.78 866.30 1,873.77 1,384.25 3,692.46 V Depreciation, amortisation and impairment expense 158.86 137.38 122.44 296.24 227.37 501.96 VI Profit before tax (III - IV - V) 2,104.62 4,682.17 3,187.64 6,786.79 4,930.90 10,390.65 VII Tax expense/(credit): (1) Current tax 253.09 500.16 437.99 753.25 602.38 2,159.35 (2) Deferred tax 288.17 680.02 359.33 968.19 602.75 557.81 Total tax expense 541.26 1,180.18 797.32 1,721.44 1,205.13 2,717.16 VIII Profit after tax (VI-VII) 1,563.36 3,501.99 2,390.32 5,065.35 3,725.77 7,673.49 IX Other comprehensive loss/(income) Items that will not be reclassified to profit or loss (a) Re-measurement losses/(gains) of the defined benefit obligation 8.60 1.57 7.67 10.17 7.88 6.49 (b) Income tax (credit)/expense on above (2.16) (0.40) (1.93) (2.56) (1.98) (1.63) Total Other comprehensive loss/(income) 6.44 1.17 5.74 7.61 5.90 4.86 X Total Comprehensive Income (VIII - IX ) 1,556.92 3,500.82 2,384.58 5,057.74 3,719.87 7,668.63 XI Paid-up equity share capital (Face value of Re. 1 per share) 117.55 117.22 101.44 117.55 101.44 117.08 XII Other equity (excluding revaluation reserve) 56,361.53 XIII Earnings per share (not annualised): (Face Value ₹1 per Share) Basic (₹) 13.32 29.90 23.57 43.20 36.73 74.17 Diluted (₹) 13.23 29.68 22.80 42.86 35.53 73.05 Quarter ended Six months ended Particulars

Page 35

Statement of the unaudited Standalone Assets and Liabilities as at 30th September, 2026 (Rs. in million) As at 30th September, 2026 (Unaudited) As at 31st March, 2026 (Audited) A. ASSETS I Non-current assets (a) Property, plant and equipment 12,833.30 11,341.86 (b) Capital work in-progress 6,048.90 5,463.20 (c) Other intangible assets 138.05 143.55 (d) Intangible assets under development 4.72 1.09 (e) Financial assets (i) Investments 52,370.58 38,430.73 (ii) Loans 37,330.11 22,089.97 (iii) Other financial assets 1,167.47 531.21 (f) Income tax assets (net) 52.98 51.20 (g) Other non-current assets 2,264.23 2,104.92 Total non-current assets 1,12,210.34 80,157.73 II Current assets (a) Inventories 864.45 1,807.91 (b) Financial assets (i) Investments 7,671.36 - (ii) Trade receivables 5,936.47 7,881.17 (iii) Cash and cash equivalents 7,404.87 10,682.18 (iv) Bank balances other than (iii) above 3,983.53 3,706.66 (v) Loans 7,824.01 14,894.45 (vi) Other financial assets 3,155.46 2,401.19 (c) Other current assets 14,561.74 9,227.91 Total current assets 51,401.89 50,601.47 Total Assets 1,63,612.23 1,30,759.20 B. EQUITY AND LIABILITIES I Equity (a) Equity share capital 117.55 117.08 (b) Other equity 61,648.88 56,361.53 Total Equity 61,766.43 56,478.61 Liabilities II Non-current liabilities (a) Financial liabilities (i) Borrowings 37,374.58 14,696.41 (ii) Lease liabilities 201.07 114.46 (iii) Other financial liabilities 9.59 9.59 (b) Provisions 115.68 91.98 (c) Deferred tax liabilities (net) 2,994.96 2,029.34 (d) Other non-current liabilities 505.06 506.03 Total non-current liabilities 41,200.94 17,447.81 III Current liabilities (a) Financial liabilities (i) Borrowings 5,817.82 6,805.58 (ii) Acceptances against creditors 16,373.63 11,972.16 (iii) Lease liabilities 77.35 63.03 (iv) Trade payables (a) Total outstanding dues of micro enterprises and small enterprises; and 887.04 797.41 (b) Total outstanding dues of creditors other than micro enterprises and small enterprises 7,653.94 20,128.64 (v) Other financial liabilities 424.51 262.97 (b) Other current liabilities 28,711.13 15,301.17 (c) Provisions 14.31 11.82 (d) Current tax liabilities (net) 685.13 1,490.00 Total current liabilities 60,644.86 56,832.78 Total liabilities 1,01,845.80 74,280.59 Total Equity and Liabilities 1,63,612.23 1,30,759.20 Particulars

Page 36

Standalone Statement of the unaudited Cash Flows for the six months ended 30th September, 2026 (Rs. in million) 30th September, 2026 (Unaudited) 30th September, 2025 (Unaudited) A. Cash flows from operating activities Profit before tax 6,786.79 4,930.90 Adjustments for: Depreciation, impairment and amortisation expenses 296.24 227.37 Dividend income on investments (399.99) (322.54) Gain on sale of investments (net) (36.37) (9.21) Share of profit from limited liability partnerships (202.08) (147.95) Equity settled share based payment transaction 224.89 196.48 Unrealised foreign exchange gain (net) 18.96 (50.23) Interest income (1,960.55) (953.69) Bad debts 1.49 114.65 Allowance for expected credit loss 136.76 - Loss/(Gain) on assets sold/written off 27.51 (1.26) Finance cost 1,873.77 1,384.25 Loss on sale of investment in subsidiary 77.80 - Revenue from common infra services (26.82) - Provision for gratuity - 7.74 Provision for Corporate Social Responsibility - 34.31 Operating profit before working capital changes 6,818.40 5,410.82 Changes in working capital Adjustments for (increase) / decrease in operating assets: Trade receivables 1,806.45 (3,151.61) Inventories 943.46 33.78 Other financial assets (772.59) (982.68) Other assets (5,325.20) (960.92) Loans 4.04 - Adjustments for increase / (decrease) in operating liabilities: Trade payables and acceptances against creditors (7,983.60) 9,294.52 Provision 16.02 - Other financial liabilities 134.52 - Other liabilities 13,412.16 7,556.42 Cash generated from operating activities 9,053.66 17,200.33 Income taxes paid (net) (1,632.88) (159.36) Net cash flows generated from operating activities (A) 7,420.78 17,040.97 B. Cash flows from investing activities Capital expenditure on property, plant and equipment, capital work in progress, intangible assets, intangible assets under development and capital advances (2,208.22) (3,115.04) Proceeds from sale of property, plant and equipment 3.99 35.53 Proceeds from sale of stake in subsidiaries 1,485.58 0.62 Investment in Joint venture - (3.50) Investment in perpetual debt of subsidiaries (9,866.30) - Long-term investment in subsidiaries (5,548.12) (2,996.03) Proceeds from Share of profit in LLPs 200.18 147.95 Investment in fixed deposits (net)* (1,781.33) (525.48) Movement in restricted bank balances (net)* 868.20 (315.48) Movement in Lien marked mutual funds (net)* 32.27 145.62 Movement in Current investments (net)* (7,668.83) - Loans given to related parties (25,274.05) (15,809.75) Loans repaid by related parties 10,133.49 3,872.05 Short term loans repaid by/(given to) related parties (net) 7,505.55 (2,225.23) Interest received on loans and deposits 1,338.90 587.69 Dividend income from subsidiaries 399.99 322.54 Net cash flows (used in) investing activities (B) (30,378.70) (19,878.51) C. Cash flows from financing activities Proceeds from non-current borrowings 3,960.26 4,220.15 Proceeds from issue of non-convertible debentures 25,015.77 - Repayments of non-current borrowings (2,004.22) (252.84) Redemption of Non-convertible debentures (5,990.00) Proceeds from/(Repayments for) short term borrowings (net)* 688. 57 (314.39) Proceeds from issue of share capital 0.47 - Lease liabilities paid (72.39) (44.68) Finance costs paid (814.30) (987.25) Other borrowing costs paid (820.32) (380.75) Transaction cost relating to borrowings (283.23) (66.51) Net cash flows generated from financing activities (C) 19,680.61 2,173.73 Net decrease in cash and cash equivalents (A+B+C) (3,277.31) (663.81) Cash and cash equivalents at the beginning of period 10,682.18 1,937.87 Cash and cash equivalents at the end of period 7,404.87 1,274.06 Note: The above Statement of cash flows has been prepared under the "Indirect Method" as set out in Indian Accounting Standard(Ind AS) 7- Statement of Cash Flows. *Includes transactions where turnover is quick, amounts are large and maturities are short. Six months ended Particulars

Page 37

Notes to the unaudited Standalone Financial Results for the quarter and six months ended 30th September, 2026 1 2 3 4 5 Objects of the issue of prospectus Proceeds from fresh issue (net) Amount utilized up to 31st March, 2026 Amount utilised during the six months ended 30th September, 2026 Total amount unutilised upto 30th September, 2026 Prepayment of outstanding borrowings 11,226.74 5,236.74 5,990.00 - General corporate purpose 265.72 - 265.72 - 11,492.46 5,236.74 6,255.72 - 6 7 8 9 10 Particulars Proceeds from issue Amount utilised till 30th September, 2026 Total amount unutilised upto 30th September, 2026 Objects of the issue of debentures 25,000.00 16,922.52 8,077.48 25,000.00 16,922.52 8,077.48 11 12 13 For identification purpose only, For and on behalf of the Board of Directors of B S R & Co. LLP Clean Max Enviro Energy Solutions Limited (formerly known as Clean Max Enviro Energy Solutions Private Limited) Aniruddha Godbole Kuldeep Jain Partner Managing Director DIN: 02683041 Place: Mumbai Date: 03rd November 2026 As at 30th September, 2026, the Company's current liabilities exceeded its current assets by Rs. 9,242.97 million. Given the nature of its business and based on current overall business plan which includes projected cash flows from operations and sanctioned butundrawn credit facilities from lenders, the roll forward and refinance options available to optimize working capital limits, the Board of Directors is of the view that Company has adequate resourcesto meet its obligations as and when they fall due and does not anticipate any material uncertainty related to going concern. Accordingly, the unaudited standalone financial results have been prepared on a going concern basis. The above Unaudited Standalone Financial Results of the Company are ava ilable on the Company's website (www.cleanmax.com) and that of NSE (ww w.nseindia.com) and BSE (www.bseindia.com) During the six months ended 30th September, 2026, the Company has pre-paid it s 11.50% p.a Listed, Rated, Redeemable, Non-Convertible Debentures and 11.50% p.a Unl isted, Rated, Redeemable, Non-Convertible Debentures, having aggregate principal amountingto Rs. 5,990 million on 2nd April, 2026 out of its IPO proceeds from fresh issue of equit y shares. The original repayment of these debentures was due on 08th June 2027. The Board of Directors of the Company, at its meetings held on 10th November 2025, approved the sale of the Company's investments in certain subsidiaries to Clean Max Taurus Private Limited (Group Company)as part of a strategic reorganization. Consequently, during the six months ended 30th September, 2026, the Company has recognized a net loss of Rs. 77.80 million on the sale of these investments. Subsequently, the Company and Apple India Private Limited entered into a strategic investment transaction in Clean Max Taurus Private Limited, with equity participation in the ratio of 51:49, respectively. 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, C lean Max IPP 1 Private Limited, CMES Power 1 Private Limited and CMES In finity Private Limited (“Amalgamating Companies”)with the Company. The application has been filed on 17th October, 2026 and is subject to approval from the National Company Law Tribunal (NCLT), Mumbai and otherregulatory authorities. The amalgamationis aimed at improving operational and management efficiencies and streamlining business operations across the Company and it will be accounted as per Appendix C of Ind AS 103. During the quarter ended 30th September, 2026, the Company issued additionalgreen senior, secured, rated,rupee denominated, listed, redeemable Non-Convertible Debentures ("NCDs") , on a private placement basis to certain identified investors, aggregating to Rs. 25,000 million (excluding premium of Rs. 15.77 million), in one or more tranches/series, vide Debenture Trustee Agreement dated 23rd September, 2026. The proceeds from the proposed is sue 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, general corporate purposes, etc. The details of utilisation of debenture proceeds from issue: The IPO proceeds towards issue expenses in respect of fresh issue aggregating to Rs. 51.50 million is currently unutilised and parked in an escrow account. During the quarter ended 30th September 2026, the Company amended and resta ted the Debenture Trust Deed dated 18 August 2026 in relation to the ₹4,000 million NCDs, pursuant to which the status of the debentures was changed from unsecured to secured. The corresponding charge has been filed with the Registra r of Companies and was registered on 19th October 2026. Accordingly, the asset cover has been computed after considering the security package envisaged under the amended deed, including a subse rvient charge over the Company's cash flows and receivables, an exclusive charge over partnership interests in specified LLPs, pledge of shares of identified project companies, deposit s maintained in designated accounts in relation to the debentures, and specified assets of a subsidiary. As at 30 September 2026, out of the total unutilized proceeds, Rs.7,169.20 million had been i nvested in debt mutual funds, being a permitted mode of investment under the terms of the Debenture Trust Deed, while the remaining Rs. 908.28 million was held in the escrow account. During the quarter ended 30th September 2026, the Company has granted 92,337 new stock options from Pool 4 to eligible employees under the Employee Stock Grant Scheme. Clean Max Enviro Energy Solutions Limited (formerly knownas Clean Max Enviro Energy Solutions Private Limited) (the "Company")is engagedin developing renewable power projects and in generation and sale of green power. The status of the Company has chan ged 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 timeto time, and vide Shareholders’ approval dated 9th July, 2025, the name of the Company has changed from 'Clean Max Enviro Energy Solutions Private Limited' to 'Clean Max Enviro Energy Solutions Limited' with effect from 7th Au gust, 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. The above unaudited standalone financial results which are publishe d in accordance with the Regulation 33 and 52(4) read with Regulation 63 of th e SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”), for the quarter and six months ended 30th September, 2026 have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 03rd November, 2026. The above unaudited standalone fina ncial results have been subject to "Limited Review" by the statutory auditors of the Company and they have expressedan unmodified conclusion on the unaudited standalone financial results. The unaudited standalone financial results of the Company are in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards ("IndAS 34") "Interim Financial Reporting" as prescribed under Section 133 of the Companies Act, 2013. The Company publishes these unaudited standalone financial result s along with the unaudited consolidated financial results. In accordance with Ind AS 108, "Operating Segments", the Company has disclosed the segment information in the unaudited consolidated financial results. Disclosures in compliance with 52(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter and six months ended 30th September, 2026 is attached as Annexure I. 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:

Page 38

Year Ended 30th September, 2026 (Unaudited) 30th June, 2026 (Unaudited) 30th September, 2025 (Unaudited) 30th September, 2026 (Unaudited) 30th September, 2025 (Unaudited) 31st March, 2026 (Audited) 1 Debt-equity ratio (Borrowings/Equity) 0.70 0.28 0.50 0.70 0.50 0.38 2 Debt service coverage ratio* (EBITDA divided by Principal repayments+ Interest charged to profit and loss statement) 6.85 11.20 2.75 9.20 2.51 3.56 3 Interest service coverage ratio (EBITDA divided by Interest charged to profit and loss statement) 9.37 16.72 8.67 13.19 7.17 6.90 4 Debenture redemption reserve 400.00 400.00 599.00 400.00 599.00 999.00 5 Net-worth (In Rs. Million) (Equity share capital + Preference share capital+ Other equity) 61,766.43 60,094.41 37,912.05 61,766.43 37,912.05 56,478.61 6 Net profit after tax (In Rs. Million) 1,563.36 3,501.99 2,390.32 5,065.35 3,725.77 7,673.49 7 Earnings per share -Basic 13.32 29.90 23.57 43.20 36.73 74.17 -Diluted 13.23 29.68 22.80 42.86 35.53 73.05 8 Current ratio (Current assets/Current liabilities) 0.85 0.75 0.65 0.85 0.65 0.89 9 Long-term debt to working capital ratio (Borrowings/Current assets-Current liabilities) (4.04) (0.75) (1.24) (4.04) (1.24) (2.36) 10 Bad debts to accounts receivable ratio (Provision for doubtful debts+ bad debts written-off/ Average trade receivables excluding unbilled revenue) (0.01) 0.03 0.02 0.02 0.02 0.02 11 Current liability ratio (Current liability/Total liabilities) 0.60 0.81 0.66 0.60 0.66 0.77 12 Total debts to total assets (Borrowings/Total assets) 0.26 0.12 0.19 0.26 0.19 0.16 13 Debtors turnover ratio (Revenue from operations/Average trade receivables excluding unbilled revenue) 1.77 2.52 2.76 5.06 4.89 10.31 14 Inventory turnover ratio (Cost of materials consumed +purchase of traded goods/Average inventory) 10.26 11.10 26.56 19.52 41.77 40.35 15 Operating margin (%) EBITDA/ Revenue from operations 23.73% 27.77% 28.65% 26.24% 25.30% 24.30% 16 Net profit margin (%) (Profit before tax/ Revenue from operations) 16.35% 22.03% 21.87% 19.89% 19.07% 17.31% *Loans repaid through IPO proceeds and refinancing of loan through utilization of funds received from issue of non- convertible debenture by the Company, have been excluded from the ratio calculation. Annexure I: Disclosure in compliance with Regulation 52(4) of SEBI( Listing Obligation and Disclosure Requirement) Regulation, 2015 for the quarter and six months ended 30th September, 2026 Quarter ended Six months ended ParticularsSr. No.

Interim report

Page 1

Page 2

Sign in to continue

Interim report

Page 1

Page 2

Sign in to continue

Page 3

Page 4

Page 5

Page 6

Page 7

Page 8

Page 9

Page 10

Page 11

Page 12

Page 13

Page 14

Page 15

Page 16

Page 17

Page 18

Page 19

Page 20

Page 21

Page 22

Page 23

Page 24

Page 25

Page 26

Page 27

Page 28

Page 29

Page 30

Page 31

Page 32

Page 33

Page 34

Page 35

Page 36

Page 37

Page 38