Statement of deviation or variation in utilisation of funds raised through Initial Public Offering ("IPO") for the quarter ended 30 June 2026 and Monitoring Agency Report issued by CARE ....

BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza, Plot no. C/1, G Block Dalal Street Bandra Kurla Complex, Bandra (E) Mumbai – 400 001 Mumbai – 400 051 Maharashtra, India Maharashtra, India Scrip Code: 544717/977267 S ymbol: CLEANMAX ISIN: INE647U01026/INE647U08039 Sub: Statement of deviation or variation in utilisation of funds raised through Initial Public Offering (“IPO”) for the quarter ended 30 June 2026 and Monitoring Agency Report issued by CARE Ratings Limited Ref: Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing the statement of deviation or variation regarding the utilization of funds raised through IPO for the quarter ended 30 June 2026. We are also enclosing the Monitoring Agency Report for the quarter ended 30 June 2026, issued by CARE Ratings Limited in respect of utilisation of funds raised through IPO of equity shares by the Company. The proceeds from IPO have been utilized appropriately for the objects mentioned in the offer document and we confirm that there has been no deviation or variation in the utilization of funds. This intimation is also uploaded on the website of the Company and can be accessed on the website of the Company at 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 31 July 2026 Mumbai Encl.: a/a Statement on deviation / variation in utilisation of funds raised Name of the listed entity Clean Max Enviro Energy Solutions Limited Mode of Fund Raising Public Issue - Initial Public Offering Date of Raising Funds 26 February 2026 (Allotment Date) Amount Raised 3,079.88 Crores Report filed for Quarter ended 30 June 2026 Monitoring Agency Applicable Monitoring Agency Name, if applicable CARE Ratings Limited Is there a Deviation / Variation in use of No funds raised yes, whether the same is pursuant to Not Applicable change in terms of a contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval Not Applicable Explanation for the Deviation / Variation Not Applicable Comments of the Audit Committee after Nil review Comments of the auditors, if any Nil Objects for which funds have been raised and where there has been a deviation, in the following table: Original Modified Original Modified Funds Amount of Remarks, Objects Object, if Allocation allocation, Utilised Deviation/ if any any (Rs. In if any (Rs. In Variation Crores) Crores) for the quarter according applicable object Not Applicable No. CARE/NRO/GEN/2026-27/1077 The Board of Directors Clean Max Enviro Energy Solutions Limited 4th floor, Flat No. 41, The International, Maharashi Karver Road New Marine Lines Cross Road No. 1, Opp St. Xaviers Boys Academy Church gate, Mumbai 07/31/2026 Dear Sir/Ma’am, Monitoring Agency Report for the quarter ended 06/30/2026 - in relation to the IPO of Clean Max Enviro Energy Solutions Limited (“the Company”) We write in our capacity of Monitoring Agency for the IPO for the amount aggregating to Rs. 1,202.98 crore of the Company and refer to our duties cast under Regulation 41 of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations. In this connection, we are enclosing the Monitoring Agency Report for the quarter ended 06/30/2026 as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated 11/07/2025. Request you to kindly take the same on records. Thanking you, Yours faithfully, Saurabh Singhal Associate Director Saurabh.singhal@careedge.in CARE Ratings Limited 9th floor, C-001/A2, Berger Towers, Sector 16B, 4th Floor, Godrej Coliseum, Somaiya Hospital Noida, Road, Off Eastern Express Highway, Sion (East), Gautam Budh Nagar, Uttar Pradesh -201301 Mumbai - 400 022 Phone: +91-120-4452000 Phone: +91-22-6754 3456 Email: care@careedge.in • www.careedge.in Report of the Monitoring Agency Name of the issuer: Clean Max Enviro Energy Solutions Limited For quarter end: 06/30/2026 Name of the Monitoring Agency: CARE Ratings Limited (a) Deviation from the objects: Nil (b) Range of Deviation: Not applicable Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit related analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. Signature: Name and designation of the Authorized Signatory: Saurabh Singhal Designation of Authorized person/Signing Authority: Associate Director CARE Ratings Limited 9th floor, C-001/A2, Berger Towers, Sector 16B, 4th Floor, Godrej Coliseum, Somaiya Hospital Noida, Road, Off Eastern Express Highway, Sion (East), Gautam Budh Nagar, Uttar Pradesh -201301 Mumbai - 400 022 Phone: +91-120-4452000 Phone: +91-22-6754 3456 Email: care@careedge.in • www.careedge.in 1) Issuer Details: Name of the issuer : Clean Max Enviro Energy Solutions Limited Name of the promoter : Mr. Kuldeep Jain, Ms. Nidhi Jain, Mr. Pratap Rikablal Jain, Kempinc LLP and BGTF One Holdings (DIFC) Limited Industry/sector to which it belongs : Power Generation 2) Issue Details Issue Period : 02/23/2026 to 02/25/2026 Type of issue (public/rights) : Public Issue Type of specified securities : Equity Shares IPO Grading, if any : Not applicable Issue size (in crore) : Rs. 1,202.98 crore 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information/ certifications considered by Comments of the Comments of the Particulars Reply Monitoring Agency for Monitoring Agency Board of Directors preparation of report The proceeds from the IPO have been partially utilized, and the unutilized balance remains in the allotment account as required under applicable regulations. 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