CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED

Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[700300] Disclosure of general information about company

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
CLEAN MAX ENVIRO ENERGY
Name of company SOLUTIONS PRIVATE
LIMITED
Corporate identity number U93090MH2010PTC208425
Permanent account number of entity AAECC1568J
4th Floor, The
International, 16
Maharshi Karve Road , New
Address of registered office of company Marines Lines, Cross ROad
No. 1, Churchgate, ,
Mumbai , MAHARASHTRA ,
INDIA - 400020
Commercial and
Type of industry Industrial
Date of start of reporting period 01/04/2021 01/04/2020
Date of end of reporting period 31/03/2022 31/03/2021
Nature of report standalone consolidated Consolidated
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Millions
Type of cash flow statement Indirect Method

[700400] Disclosures - Auditors report

Details regarding auditors [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Auditors [Axis] 1
01/04/2021
to
31/03/2022
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
DELOITTE
Name of audit firm HASKINS &
SELLS LLP
MUKESHKUMAR
Name of auditor signing report PARASMAL JAIN
Firms registration number of audit firm 117366W/W-100018
Membership number of auditor 108262
India Bulls Finance
Center, Tower 3,
27-32 FloorSenapati
Address of auditors Bapat Marg,
Elphinstone
Road(W)
Permanent account number of auditor or auditor's firm AACFD4815A
SRN of form ADT-1 R52612041
Date of signing audit report by auditors 28/07/2022
Date of signing of balance sheet by auditors 28/07/2022

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021
to
31/03/2022
Textual information (1)
Disclosure in auditor’s report explanatory [TextBlock] [See below]
Whether companies auditors report order is applicable on company No
Whether auditors' report has been qualified or has any reservations or
No
contains adverse remarks
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Textual information (1)

Disclosure in auditor’s report explanatory [Text Block]

INDEPENDENT AUDITOR’S REPORT

To The Members of CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED

Report on the Audit of the Consolidated Financial Statements

Opinion

We have audited the accompanying consolidated financial statements of CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE
LIMITED (”the Parent”) and its subsidiaries, (the Parent and its subsidiaries together referred to as “the Group”) including the Group’s
share of profit in its joint venture and associate, which comprise the Consolidated Balance Sheet as at March 31, 2022, and the Consolidated
Statement of Profit and Loss (including Other Comprehensive Income), the Consolidated Statement of Cash Flows and the Consolidated
Statement of Changes in Equity for the year then ended, and a summary of significant accounting policies and other explanatory
information.

In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of reports of
the other auditors on separate financial statements of subsidiaries, joint venture and associate referred to in the Other Matters section below,
the aforesaid consolidated financial statements give the information required by the Companies Act, 2013 (“the Act”) in the manner so
required and give a true and fair view in conformity with the Indian Accounting Standards prescribed under section 133 of the Act read with
the Companies (Indian Accounting Standards) Rules, 2015, as amended (‘Ind AS’), and other accounting principles generally accepted in
India, of the consolidated state of affairs of the Group as at March 31, 2022, and their consolidated profit, their consolidated total
comprehensive income, their consolidated cash flows and their consolidated changes in equity for the year ended on that date.

Basis for Opinion

We conducted our audit of the consolidated financial statements in accordance with the Standards on Auditing specified under section 143
(10) of the Act (SAs). Our responsibilities under those Standards are further described in the Auditor’s Responsibility for the Audit of the
Consolidated Financial Statements section of our report. We are independent of the Group in accordance with the Code of Ethics
issued by the Institute of Chartered Accountants of India (ICAI) together with the ethical requirements that are relevant to our audit of the
consolidated financial statements under the provisions of the Act and the Rules made thereunder, and we have fulfilled our other ethical
responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence obtained by us and
the audit evidence obtained by the other auditors in terms of their reports referred to in the Other Matters paragraph below, is sufficient and
appropriate to provide a basis for our opinion on the consolidated financial statements.

Emphasis of Matter

(a) We draw attention to Note 45(a) to the Consolidated Financial Statements, which describes the prior period adjustments relating to the
fair valuation of Compulsorily Convertible Preference Shares as detailed in Note 45(a) to the Consolidated Financial Statements.

(b) We draw attention to Note 45(b) to the Consolidated Financial Statements, which describes the prior period adjustments relating to the
classification and the fair valuation of the financial liability in relation to the amounts invested by an another entity in certain subsidiaries of
the Company and the related classification from share of profit attributable to non-controlling interests to finance costs as detailed in Note
45(b) to the Consolidated Financial Statements.

Our opinion is not modified with respect to the above matters.

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CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Information Other than the Financial Statements and Auditor’s Report Thereon

· The Parent’s Board of Directors is responsible for the other information. The other information comprises the information included in
the Board of Director’s report, but does not include the consolidated financial statements, standalone financial statements and our auditor’s
report thereon.

· Our opinion on the consolidated financial statements does not cover the other information and we do not express any form of assurance
conclusion thereon.

· In connection with our audit of the consolidated financial statements, our responsibility is to read the other information, compare with
the financial statements of the subsidiaries, joint venture and associate audited by the other auditors, to the extent it relates to these entities
and, in doing so, place reliance on the work of the other auditors and consider whether the other information is materially inconsistent with
the consolidated financial statements or our knowledge obtained during the course of our audit or otherwise appears to be materially
misstated. Other information so far as it relates to the subsidiaries, joint venture and associate, is traced from their financial statements
audited by the other auditors.

· If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to
report that fact. We have nothing to report in this regard.

Management’s Responsibility for the Consolidated Financial Statements

The Parent’s Board of Directors is responsible for the matters stated in section 134(5) of the Act with respect to the preparation of these
consolidated financial statements that give a true and fair view of the consolidated financial position, consolidated financial performance
including other comprehensive income, consolidated cash flows and consolidated changes in equity of the Group including its joint venture
and associate in accordance with the Ind AS and other accounting principles generally accepted in India.

The respective Board of Directors of the companies or Partners of the LLP included in the Group and of its joint venture and associate are
responsible for maintenance of adequate accounting records in accordance with the provisions of the Act, as applicable, for safeguarding the
assets of the Group and its joint venture and associate and for preventing and detecting frauds and other irregularities; selection and
application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design,
implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and
completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view
and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the
consolidated financial statements by the Directors of the Parent, as aforesaid.

In preparing the consolidated financial statements, the respective Board of Directors of the companies or Partners of the LLP included in the
Group and of its joint venture and associate are responsible for assessing the ability of the Group and of its joint venture and associate to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting
unless the management either intends to liquidate or cease operations, or has no realistic alternative but to do so.

The respective Board of Directors of the companies or Partners of the LLP included in the Group and of its joint venture and associate are
also responsible for overseeing the financial reporting process of the Group and of its joint venture and associate.

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CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Auditor’s Responsibility for the Audit of the Consolidated Financial Statements

Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material
misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of
assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these consolidated financial statements.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit.
We also:

• Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and
perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our
opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may
involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal financial control relevant to the audit in order to design audit procedures that are appropriate in the
circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Parent has adequate
internal financial controls system in place and the operating effectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made
by the management.

• Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence
obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and
its joint venture and associate to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw
attention in our auditor’s report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to
modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events
or conditions may cause the Group and its joint venture and associate to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether
the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

• Obtain sufficient appropriate audit evidence regarding the financial information of the entities within the Group and its joint venture
and associate to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and
performance of the audit of the financial statements of such entities included in the consolidated financial statements of which we are the
independent auditors. For the other entities included in the consolidated financial statements, which have been audited by the other auditors,
such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely
responsible for our audit opinion.

Materiality is the magnitude of misstatements in the consolidated financial statements that, individually or in aggregate, makes it probable
that the economic decisions of a reasonably knowledgeable user of the consolidated financial statements may be influenced. We consider
quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to
evaluate the effect of any identified misstatements in the consolidated financial statements.

We communicate with those charged with governance of the Parent and such other entities included in the consolidated financial statements
of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit
findings, including any significant deficiencies in internal control that we identify during our audit.

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CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding
independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our
independence, and where applicable, related safeguards.

Other Matters

(a) We did not audit the financial statements of 49 subsidiaries whose financial statements reflect total assets of Rs. 10,615.09 millions as at
March 31, 2022 and total revenues of Rs. 1,647.08 millions for the year ended March 31, 2022 and net cash outflows of Rs. 65.90 millions
for the year ended March 31, 2022, as considered in the consolidated financial statements. The consolidated financial statements also
includes the Group’s share of net profit of Rs. 4.89 millions for the year ended March 31, 2022 as considered in the consolidated financial
statements, in respect of 1 associate and One joint venture whose financial statements have not been audited by us. These financial statements
have been audited by other auditors whose reports have been furnished to us by the Management and our opinion on the consolidated
financial statements, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, joint venture and associate,
and our report in terms of subsection (3) of Section 143 of the Act, in so far as it relates to the aforesaid subsidiaries, joint venture and
associate is based solely on the reports of the other auditors.

(b) We did not audit the financial information of 5 subsidiaries, whose financial information reflect total assets of Rs. 0.01 million as at
March 31, 2022 and net cash inflows of Rs. 0.01 million, as considered in the consolidated financial statements. There are no revenues for the
year ended March 31, 2022 in respect of such subsidiaries. These financial information are unaudited and have been furnished to us by the
Management and our opinion and conclusion on the consolidated financial statements, in so far as it relates to the amounts and disclosures
included in respect of these subsidiaries, is based solely on such unaudited financial information. In our opinion and according to the
information and explanations given to us by the Management, these financial information are not material to the Group.

Our opinion on the consolidated financial statements above and our report on Other Legal and Regulatory Requirements below, is not
modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors and the financial
information certified by the Management.

Report on Other Legal and Regulatory Requirements

1. As required by Section 143(3) of the Act, based on our audit and on the consideration of the reports of the other auditors on the separate
financial statements of the subsidiaries and a joint venture referred to in the Other Matters section above we report, to the extent applicable
that:

a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the
purposes of our audit of the aforesaid consolidated financial statements.

b) In our opinion, proper books of account as required by law relating to preparation of the aforesaid consolidated financial statements have
been kept so far as it appears from our examination of those books and the reports of the other auditors.

c) The Consolidated Balance Sheet, the Consolidated Statement of Profit and Loss including Other Comprehensive Income, the
Consolidated Statement of Cash Flows and the Consolidated Statement of Changes in Equity dealt with by this Report are in agreement with
the relevant books of account maintained for the purpose of preparation of the consolidated financial statements.

d) In our opinion, the aforesaid consolidated financial statements comply with the Ind AS specified under Section 133 of the Act.

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CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

e) On the basis of the written representations received from the directors of the Parent as on March 31, 2022 taken on record by the Board of
Directors of the Company and the reports of the statutory auditors of its subsidiary companies, none of the directors of the Group companies
incorporated in India is disqualified as on March 31, 2022 from being appointed as a director in terms of Section 164 (2) of the Act.

f) With respect to the adequacy of the internal financial controls over financial reporting and the operating effectiveness of such
controls, refer to our separate Report in “Annexure A” which is based on the auditors’ reports of the Parent and subsidiary companies
incorporated in India. Our report expresses a unmodified opinion on the adequacy and operating effectiveness of internal financial controls
over financial reporting of those companies, for the reasons stated therein.

g) With respect to the other matters to be included in the Auditor’s Report in accordance with the requirements of section 197(16) of the
Act, as amended,

In our opinion and to the best of our information and according to the explanations given to us, the Parent being a private company, section
197 of the Act related to the managerial remuneration not applicable.

h) With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and
Auditors) Rules, 2014, as amended in our opinion and to the best of our information and according to the explanations given to us:

i) The Group and its joint venture has disclosed the impact of pending litigations on its financial position in it’s consolidated financial
statements

ii) The Group and its joint venture has made provision, as required under the applicable law or accounting standards, for material
foreseeable losses, if any, on long-term contracts including derivative contracts;

iii) There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Parent, and its
subsidiary companies incorporated in India.

iv) (a) The respective Managements of the Parent Company and its subsidiaries which are companies incorporated in India, whose financial
statements have been audited under the Act, have represented to us and to the other auditors of such subsidiaries respectively that, to the best
of their knowledge and belief, no funds (which are material either individually or in the aggregate) have been advanced or loaned or invested
(either from borrowed funds or share premium or any other sources or kind of funds) by the Parent Company or any of such subsidiaries to or
in any other person(s) or entity(ies), including foreign entities (“Intermediaries”), with the understanding, whether recorded in writing or
otherwise, that the Intermediary shall, directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by
or on behalf of the Parent Company or any of such subsidiaries (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on
behalf of the Ultimate Beneficiaries.

(b) The respective Managements of the Parent Company and its subsidiaries which are companies incorporated in India, whose financial
statements have been audited under the Act, have represented to us and to the other auditors of such subsidiaries respectively that, to the best
of their knowledge and belief, no funds (which are material either individually or in the aggregate) have been received by the Parent
Company or any of such subsidiaries from any person(s) or entity(ies), including foreign entities (“Funding Parties”), with the
understanding, whether recorded in writing or otherwise, that the Parent Company or any of such subsidiaries shall, directly or indirectly,
lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (“Ultimate
Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

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CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

(c) Based on the audit procedures that has been considered reasonable and appropriate in the circumstances performed by us and those
performed by the auditors of the subsidiaries which are companies incorporated in India whose financial statements have been audited under
the Act, nothing has come to our or other auditor’s notice that has caused us or the other auditors to believe that the representations under
sub-clause (i) and (ii) of Rule 11, as provided under (a) and (b) above, contain any material misstatement.

v) The Company has not declared or paid any dividend during the year and has not proposed final dividend for the year.

2. With respect to the matters specified in clause (xxi) of paragraph 3 and paragraph 4 of the Companies (Auditor’s Report) Order, 2020
(“CARO”/ “the Order”) issued by the Central Government in terms of Section 143(11) of the Act, according to the information and
explanations given to us, and based on the CARO reports issued by us and the auditors of respective companies included in the consolidated
financial statements to which reporting under CARO is applicable, as provided to us by the Management of the Parent Company, we report
that there are no qualifications or adverse remarks by the respective auditors in the CARO reports of the said respective companies included
in the consolidated financial statements except for the following:

Nature of Clause Number of CARO report with qualification

Name of the Company CIN
relationship or adverse remark

Clean Max Enviro Energy Solutions Parent

U93090MH2010PTC208425 Clause 3(i)
Private Limited Company

Cleanmax IPP 2 Private Limited U74999MH2017PTC298583 Subsidiary Clause 3(i)

Clean Max Photovoltaic Private Limited U74999MH2017PTC298730 Subsidiary Clause 3(i)

Cleanmax IPP1 Private Limited U74999MH2017PTC292173 Subsidiary Clause 3(viia)

For Deloitte Haskins & Sells LLP

Chartered Accountants

Firm Registration No. 117366W/W-100018

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CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Mukesh Jain

Partner

Membership No. 108262 UDIN: 22108262ANTRRZ6626

Place: MUMBAI

Date: July 28, 2022

ANNEXURE “A” TO THE INDEPENDENT AUDITOR’S REPORT

(Referred to in paragraph (g) under ‘Report on Other Legal and Regulatory Requirements’ section of our report of even date)

Report on the Internal Financial Controls Over Financial Reporting under Clause (i) of Sub-section 3 of Section 143 of the Companies Act,
2013 (“the Act”)

In conjunction with our audit of the consolidated financial statements of the Company as of and for the year ended March 31, 2022, we have
audited the internal financial controls over financial reporting of CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED
(hereinafter referred to as “Parent”) and its subsidiary companies which are companies incorporated in India, as of that date and to whom
internal financial controls over financial reporting is applicable.

Management’s Responsibility for Internal Financial Controls

The respective Board of Directors of the Parent and its subsidiary companies, which are companies incorporated in India and to whom
internal financial controls over financial reporting is applicable, are responsible for establishing and maintaining internal financial controls
based on the internal control over financial reporting criteria established by the respective companies considering the essential components of
internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of
Chartered Accountants of India (ICAI). These responsibilities include the design, implementation and maintenance of adequate internal
financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to the
respective company’s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and
completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Companies Act,
2013.

Auditor’s Responsibility

Our responsibility is to express an opinion on the internal financial controls over financial reporting of the Parent and its subsidiary
companies, which are companies incorporated in India and to whom internal financial controls over financial reporting is applicable, based
on our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls Over Financial
Reporting (the “Guidance Note”) issued by the Institute of Chartered Accountants of India and the Standards on Auditing, prescribed under
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CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Section 143(10) of the Companies Act, 2013, to the extent applicable to an audit of internal financial controls. Those Standards and the

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CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about
whether adequate internal financial controls over financial reporting was established and maintained and if such controls operated effectively
in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial
reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an
understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and
evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the
auditor’s judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the internal
financial controls system over financial reporting of the Parent and its subsidiary companies, which are companies incorporated in India and
to whom internal financial controls over financial reporting is applicable.

Meaning of Internal Financial Controls Over Financial Reporting

A company's internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability
of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles. A company's internal financial control over financial reporting includes those policies and procedures that (1) pertain to the
maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company;
(2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with
generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with
authorisations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection
of unauthorised acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements.

Inherent Limitations of Internal Financial Controls Over Financial Reporting

Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper
management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any
evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control
over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or
procedures may deteriorate.

Opinion

In our opinion, to the best of our information and according to the explanations given to us, the Parent and its subsidiary companies, which
are companies incorporated in India and to whom internal financial controls over financial reporting is applicable, have in all material
respects, maintained adequate internal financial controls over financial reporting as of March 31, 2022, based on the criteria for internal
financial control over financial reporting established by the respective companies considering the essential components of internal control
stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered
Accountants of India.

Other Matters

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CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Section 143(3)(i) of the Act is not applicable to 34 subsidiaries and a joint venture which are registered as a Limited Liability Partnership
under the Limited Liability Partnership Act, 2008. Further, based on the audit reports of the other auditors and pursuant to the Notification
G.S.R. 583(E) dated June 13, 2017 issued by the Ministry of Corporate Affairs, Section 143(3)(i) of the Act is not applicable to 18 subsidiary
companies incorporated in India. Accordingly, this report does not state opinion on the adequacy and operating effectiveness of the internal
financial controls over financial reporting insofar as it relates to such subsidiaries incorporated in India, and a joint venture.

Our opinion is not modified in respect of the above matter.

For Deloitte Haskins & Sells LLP

Chartered Accountants

Firm Registration No. 117366W/W-100018

Mukesh Jain

Partner

Membership No. 108262 UDIN: 22108262ANTRRZ6626

Place: MUMBAI

Date: July 28, 2022

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CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[110000] Balance sheet

Unless otherwise specified, all monetary values are in Millions of INR
31/03/2022 31/03/2021 31/03/2020
Balance sheet [Abstract]
Assets [Abstract]
Non-current assets [Abstract]
Property, plant and equipment 21,241.5 20,177.96
Capital work-in-progress 6,027.36 1,119.23
Goodwill 15.6 0
Other intangible assets 231 134.95
Intangible assets under development 3.58 0
Investments accounted for using equity method 395.93 64.88
Non-current financial assets [Abstract]
Non-current investments 11.2 10
Loans, non-current 511.66 0.42
Other non-current financial assets 1,385.17 1,010.62
Total non-current financial assets 1,908.03 1,021.04
Deferred tax assets (net) 411.77 324.26

Other non-current assets (A) 1,037.84 (B) 281.28

Total non-current assets 31,272.61 23,123.6
Current assets [Abstract]
Inventories 699.24 140.35
Current financial assets [Abstract]
Current investments 11.57 0
Trade receivables, current 995.1 477.84
Cash and cash equivalents 519.54 692.73
Bank balance other than cash and cash equivalents 2,724.5 1,125.64
Loans, current 6.56 0.91
Other current financial assets 587.89 439.66
Total current financial assets 4,845.16 2,736.78
Other current assets 875.96 623.25
Total current assets 6,420.36 3,500.38
Total assets 37,692.97 26,623.98
Equity and liabilities [Abstract]
Equity [Abstract]
Equity attributable to owners of parent [Abstract]
Equity share capital 36.15586 7.57719 7.54494
Other equity 12,570.17 495.99
Total equity attributable to owners of parent 12,606.33 503.57
Non controlling interest 1,222.85 939.88
Total equity 13,829.18 1,443.45
Liabilities [Abstract]
Non-current liabilities [Abstract]
Non-current financial liabilities [Abstract]
Borrowings, non-current 14,895.92 12,347.71

Other non-current financial liabilities (C) 594.54 (D) 7,702.54

Total non-current financial liabilities 15,490.46 20,050.25
Provisions, non-current 27.02 27.23
Deferred tax liabilities (net) 574.35 305.81
Other non-current liabilities 515.31 240.75
Total non-current liabilities 16,607.14 20,624.04
Current liabilities [Abstract]
Current financial liabilities [Abstract]
Borrowings, current 1,158.79 1,065.8
Trade payables, current 5,400.13 2,362.66
Other current financial liabilities 176.79 81.64
Total current financial liabilities 6,735.71 3,510.1
Other current liabilities 520.2 1,039.07
Provisions, current 0 0
Current tax liabilities 0.74 7.32
Total current liabilities 7,256.65 4,556.49
Total liabilities 23,863.79 25,180.53
Total equity and liabilities 37,692.97 26,623.98

12
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Footnotes
(A) Capital; Advances for property, plant and equipment: 807.41 Prepaid Expenses: 4.68 Balances with Govt. authorities: 24.47
Deferred cost-Non refundable deposit: 34.16 Income Tax Assets (net): 167.12
(B) Capital; Advances for property, plant and equipment: 76.97 Prepaid Expenses: 9.67 Balances with Govt. authorities: 24.09
Deferred cost-Non refundable deposit: 35.96 Income Tax Assets (net): 134.59
(C) Security deposits: 17.95 Liability towars investment in sub. by AIF: 275.88 CCPS: 65.12 Lease liabilities: 235.59
(D) Security deposits: 17.51 Liability towars investment in sub. by AIF: 205.02 CCPS: 7259.31 Lease liabilities: 220.7

[210000] Statement of profit and loss

Earnings per share [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of equity share capital [Axis] Equity shares 1 [Member]
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Statement of profit and loss [Abstract]
Earnings per share [Abstract]
Earnings per share [Line items]
Basic earnings per share [Abstract]
Basic earnings (loss) per share from continuing operations [INR/shares] 61.43 [INR/shares] 258.45
Total basic earnings (loss) per share [INR/shares] 61.43 [INR/shares] 258.45
Diluted earnings per share [Abstract]
Diluted earnings (loss) per share from continuing operations [INR/shares] 60.12 [INR/shares] 238.45
Total diluted earnings (loss) per share [INR/shares] 60.12 [INR/shares] 238.45

13
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Statement of profit and loss [Abstract]
Income [Abstract]
Revenue from operations 7,017.26 6,212.65
Other income 215.92 159.82
Total income 7,233.18 6,372.47
Expenses [Abstract]
Cost of materials consumed 3,216.03 3,214.47
Purchases of stock-in-trade 6.36 0
Changes in inventories of finished goods, work-in-progress and
0 0
stock-in-trade
Employee benefit expense 468.07 341.1
Finance costs 1,672.99 1,407.01
Depreciation, depletion and amortisation expense 855.74 697.61
Other expenses 372.43 259.24
Total expenses 6,591.62 5,919.43
Profit before exceptional items and tax 641.56 453.04

Exceptional items before tax (A) -124.28 (B) -14.11

Total profit before tax 517.28 438.93
Tax expense [Abstract]
Current tax 38.79 9.98
Deferred tax 179.9 175.94
Total tax expense 218.69 185.92
Total profit (loss) for period from continuing operations 298.59 253.01
Share of profit (loss) of associates and joint ventures accounted for
5.05 0.16
using equity method
Total profit (loss) for period 303.64 253.17
Comprehensive income OCI components presented net of tax [Abstract]
Whether company has other comprehensive income OCI components
Yes Yes
presented net of tax
Other comprehensive income net of tax [Abstract]
Components of other comprehensive income that will not be
reclassified to profit or loss, net of tax [Abstract]
Other comprehensive income, net of tax, gains (losses) on
4.51 3.37
remeasurements of defined benefit plans
Other comprehensive income that will not be reclassified to
-1.13 -0.85
profit or loss, net of tax, others
Total other comprehensive income that will not be reclassified
3.38 2.52
to profit or loss, net of tax
Components of other comprehensive income that will be
reclassified to profit or loss, net of tax [Abstract]
Change in value of foreign currency basis spreads net of tax
[Abstract]
Gains (losses) on change in value of foreign currency basis
32.84 -9.66
spreads, net of tax
Total other comprehensive income, net of tax, change in
32.84 -9.66
value of foreign currency basis spreads
Other comprehensive income that will be reclassified to profit
0 0
or loss, net of tax, others
Total other comprehensive income that will be reclassified to
32.84 -9.66
profit or loss, net of tax
Total other comprehensive income 36.22 -7.14
Total comprehensive income 339.86 246.03
Comprehensive income attributable to net of tax [Abstract]
Comprehensive income, attributable to owners of parent 268.44 191.83
Comprehensive income, attributable to non-controlling interests 71.42 54.2
Comprehensive income OCI components presented before tax [Abstract]
Whether company has comprehensive income OCI components presented
No No
before tax
Other comprehensive income before tax [Abstract]
Total other comprehensive income 36.22 -7.14
Total comprehensive income 339.86 246.03
Comprehensive income attributable to [Abstract]
Comprehensive income, attributable to owners of parent 268.44 191.83
Comprehensive income, attributable to non-controlling interests 71.42 54.2
Earnings per share explanatory [TextBlock]
Earnings per share [Abstract]
Basic earnings per share [Abstract]

14
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Diluted earnings per share [Abstract]

Footnotes
(A) Loss on conversion and revaluation of CCPS
(B) Loss on on sale of land

[210000a] Statement of profit and loss

Other comprehensive income that will not be reclassified to profit or loss, net of tax, others [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Other comprehensive income that will not be reclassified to profit or loss, net of tax, others [Axis] 1
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Other comprehensive income that will not be reclassified to profit or loss, net of tax,
others [Abstract]
Other comprehensive income that will not be reclassified to profit or loss, net of tax,
others [Line items]
Other
Description of other comprehensive income that will not be reclassified to profit Other comprehensive
comprehensive
or loss, net of tax, others income
income
Other comprehensive income that will not be reclassified to profit or loss, net of tax,
-1.13 -0.85
others

[400200] Statement of changes in equity

Statement of changes in equity [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Equity attributable
to the equity
Components of equity [Axis] Equity [Member]
holders of the
parent [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 303.64 253.17 303.64
Changes in comprehensive income components 12,049.86 27.48 12,049.86
Total comprehensive income 12,353.5 280.65 12,353.5
Other changes in equity [Abstract]
Other additions to reserves 36.22 153.92 36.22
Deductions to reserves [Abstract]
Other deductions to reserves 315.54 68.15 315.54
Total deductions to reserves 315.54 68.15 315.54
Other changes in equity, others 0 0 0
Total other changes in equity -279.32 85.77 -279.32
Total increase (decrease) in equity 12,074.18 366.42 12,074.18
Other equity at end of period 12,570.17 495.99 129.57 12,570.17

15
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Statement of changes in equity [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Equity attributable to the equity Equity component of financial
Components of equity [Axis]
holders of the parent [Member] instrument [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 253.17 0 0
Changes in comprehensive income components 27.48
Total comprehensive income 280.65 0 0
Other changes in equity [Abstract]
Other additions to reserves 153.92 0 0
Deductions to reserves [Abstract]
Other deductions to reserves 68.15
Total deductions to reserves 68.15
Other changes in equity, others 0
Total other changes in equity 85.77 0 0
Total increase (decrease) in equity 366.42 0 0
Other equity at end of period 495.99 129.57 0 0

Statement of changes in equity [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Equity component
of financial
Components of equity [Axis] Reserves [Member]
instrument
[Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 303.64 253.17
Changes in comprehensive income components 12,049.86 27.48
Total comprehensive income 12,353.5 280.65
Other changes in equity [Abstract]
Other additions to reserves 36.22 153.92
Deductions to reserves [Abstract]
Other deductions to reserves 315.54 68.15
Total deductions to reserves 315.54 68.15
Other changes in equity, others 0 0
Total other changes in equity -279.32 85.77
Total increase (decrease) in equity 12,074.18 366.42
Other equity at end of period 0 12,570.17 495.99 129.57

16
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Statement of changes in equity [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Share options
Components of equity [Axis] Securities premium reserve [Member] outstanding
account [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 0 0
Changes in comprehensive income components 16,300.55 10.4 51.52
Total comprehensive income 16,300.55 10.4 51.52
Other changes in equity [Abstract]
Other additions to reserves 0 0 0
Deductions to reserves [Abstract]
Other deductions to reserves 88.68
Total deductions to reserves 88.68
Other changes in equity, others 0 0
Total other changes in equity 0 0 -88.68
Total increase (decrease) in equity 16,300.55 10.4 -37.16
Other equity at end of period 16,503.04 202.49 192.09 147.32

Statement of changes in equity [Table] ..(5)

Unless otherwise specified, all monetary values are in Millions of INR
Share options outstanding account Foreign currency translation reserve
Components of equity [Axis]
[Member] [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 0 0
Changes in comprehensive income components 14.56
Total comprehensive income 14.56 0 0
Other changes in equity [Abstract]
Other additions to reserves 0 32.84 -9.66
Deductions to reserves [Abstract]
Other deductions to reserves 10.4
Total deductions to reserves 10.4
Total other changes in equity -10.4 32.84 -9.66
Total increase (decrease) in equity 4.16 32.84 -9.66
Other equity at end of period 184.48 180.32 26.59 -6.25

17
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Statement of changes in equity [Table] ..(6)

Unless otherwise specified, all monetary values are in Millions of INR
Foreign currency
Components of equity [Axis] translation reserve Retained earnings [Member]
[Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 303.64 253.17
Changes in comprehensive income components -4,302.21 2.52
Total comprehensive income -3,998.57 255.69
Other changes in equity [Abstract]
Other additions to reserves 3.38 163.58
Deductions to reserves [Abstract]
Other deductions to reserves 226.2 57.75
Total deductions to reserves 226.2 57.75
Other changes in equity, others 0 0
Total other changes in equity -222.82 105.83
Total increase (decrease) in equity -4,221.39 361.52
Other equity at end of period 3.41 -4,106.81 114.58 -246.94

Statement of changes in equity [Table] ..(7)

Unless otherwise specified, all monetary values are in Millions of INR
Other reserves
Components of equity [Axis] Other retained earning [Member]
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 303.64 253.17 0
Changes in comprehensive income components -4,302.21 2.52 0
Total comprehensive income -3,998.57 255.69 0
Other changes in equity [Abstract]
Other additions to reserves 3.38 163.58
Deductions to reserves [Abstract]
Other deductions to reserves (A) 226.2 57.75 0.66
Total deductions to reserves 226.2 57.75 0.66
Other changes in equity, others 0 0
Total other changes in equity -222.82 105.83 -0.66
Total increase (decrease) in equity -4,221.39 361.52 -0.66
Other equity at end of period -4,106.81 114.58 -246.94 0.03
Description of nature of other reserves Statutory Reserves

Footnotes
(A) Effect of modification of ESOP Policy : -69.41 Transfer to statutory reserve : 0.66 Equity share issue expense : -86.03 Non
Controlling Interest : 71.42 (Adjusted)

18
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Statement of changes in equity [Table] ..(8)

Unless otherwise specified, all monetary values are in Millions of INR
Components of equity [Axis] Other reserves [Member]
01/04/2020
to 31/03/2020
31/03/2021
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0
Changes in comprehensive income components 0
Total comprehensive income 0
Other changes in equity [Abstract]
Deductions to reserves [Abstract]
Other deductions to reserves 0
Total deductions to reserves 0
Total other changes in equity 0
Total increase (decrease) in equity 0
Other equity at end of period 0.69 0.69
Description of nature of other reserves Statutory Reserves

19
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[320000] Cash flow statement, indirect

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to 31/03/2020
31/03/2022 31/03/2021
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Profit before tax 517.28 438.93
Adjustments for reconcile profit (loss) [Abstract]
Adjustments for finance costs 1,670.42 1,407.01
Adjustments for decrease (increase) in inventories -558.89 419.25
Adjustments for decrease (increase) in trade receivables, current -558.95 -212.5
Adjustments for decrease (increase) in other current assets -247.94 -166.44
Adjustments for other financial assets, non-current -131.49 285.05
Adjustments for increase (decrease) in trade payables, current 3,064.66 1,290.1
Adjustments for increase (decrease) in other current liabilities -234.79 846.85
Adjustments for depreciation and amortisation expense 855.74 697.61
Adjustments for other financial liabilities, current 0 0
Adjustments for unrealised foreign exchange losses gains -24.74 11.53
Adjustments for dividend income 7.67 2.35

Adjustments for interest income (A) 123.13 (B) 83.05

Other adjustments for which cash effects are investing or financing
cash flow (C) 19.22 (D) 2.86

Other adjustments to reconcile profit (loss) (E) 99.13 (F) 41.32

Other adjustments for non-cash items (G) -51.33 (H) -55.55
Share of profit and loss from partnership firm or association
0 0
of persons or limited liability partnerships
Total adjustments for reconcile profit (loss) 3,770.24 4,481.69
Net cash flows from (used in) operations 4,287.52 4,920.62
Income taxes paid (refund) 71.68 48.05
Other inflows (outflows) of cash 124.28 14.11
Net cash flows from (used in) operating activities 4,340.12 4,886.68
Cash flows from used in investing activities [Abstract]
Proceeds from sales of property, plant and equipment 20.69 138.73
Purchase of property, plant and equipment 8,109.78 4,668.47
Proceeds from sales of investment property 3,857.67 1,362.75
Purchase of investment property 3,861.57 1,120
Interest received 88.87 72.09

Other inflows (outflows) of cash (I) -2,334.21 (J) -881.76

Net cash flows from (used in) investing activities -10,338.33 -5,096.66
Cash flows from used in financing activities [Abstract]
Proceeds from changes in ownership interests in subsidiaries 527.64 689.82
Payments from changes in ownership interests in subsidiaries 158.45 42.25
Proceeds from issuing shares 4,688.57 0.13
Proceeds from issuing other equity instruments 19.89 0
Proceeds from borrowings 7,345.2 2,376.54
Repayments of borrowings 4,797.96 1,157.55
Payments of lease liabilities 37.06 30.58

Other inflows (outflows) of cash (K) -1,762.81 (L) -1,384.31

Net cash flows from (used in) financing activities 5,825.02 451.8
Net increase (decrease) in cash and cash equivalents before effect of
-173.19 241.82
exchange rate changes
Net increase (decrease) in cash and cash equivalents -173.19 241.82
Cash and cash equivalents cash flow statement at end of period 519.54 692.73 450.91

20
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Footnotes
(A) Interest Income: -105.77 Interest Income on employee loan: -0.07 Interest Income from loans given to associate measured at
amortised cost: -17.49
(B) Interest Income: 83.05 Interest Income on employee loan: 0 Interest Income from loans given to associate measured at amortised
cost: 0
(C) Fund raising Cost: 0 Loss on assets sold/written off: 19.22
(D) Fund raising cost: 2.2 Loss on assets sold/written off: 0.65
(E) Gain and dividend income on current investments (mutual funds): -7.67 Expense on employee stock option scheme (ESOP
Scheme): 51.52 Gratuity expense: 4.30 Allowances for doubtful debts / assets: 48.5 Bad debts written off: 2.48 Sundry Balances
written off: 0
(F) Gain and dividend income on current investments (mutual funds): -2.35 Expense on employee stock option scheme (ESOP
Scheme): 14.56 Gratuity expense: 6.42 Allowances for doubtful debts / assets: 7.47 Bad debts written off: 13.43 Sundry Balances
written off:: 1.80
(G) Other Income: 0 Gain on financial assets classified at FVTPL: -1.20 Other non operating income: -1.34 Gain on loss of control:
-54.01 Sundry balances written back: -2.45
(H) Other Income: -57.90 Gain on financial assets classified at FVTPL: 0 Other non operating income: 0 Gain on loss of control: 0
Sundry balances written back:0
(I) Investments in AIF Fund measured at fair value through profit and loss: 0 Loans given: -213.04 Fixed deposits placed: -9054.81
Fixed deposits matured: 7329.70 Movement in restricted bank balances (net): -396.06
(J) Investments in AIF Fund measured at fair value through profit and loss: -10 Loans given: 0 Fixed deposits placed: -5637.98 Fixed
deposits matured: 4758.55 Movement in restricted bank balances (net): 7.67
(K) Finance raising cost: -86.03 Cash settlement of options held by employees: -152 Finance cost: -1524.78
(L) Finance raising cost: -5.77 Cash settlement of options held by employees: 0 Finance cost: -1378.54

[610100] Notes - List of accounting policies

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021
to
31/03/2022
Textual information (2)
Disclosure of significant accounting policies [TextBlock] [See below]

21
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Textual information (2)

Disclosure of significant accounting policies [Text Block]

Note 1.1 Corporate Information

(a) Corporate Information

The consolidated financial statements comprise the financial statements of Clean Max Enviro Energy Solutions Private Limited (‘the
Company’) and its subsidiaries (collectively, ‘the Group’) and the share of profit in joint venture and associate for the year ended March 31,
2022. Clean Max Enviro Energy Solutions Private Limited is a private company incorporated and domiciled in India, in the year 2010. The
Group is engaged in developing renewable power projects and in generation and sale of power. The registered office address of the Company
is 4th Floor, The International, 16 Maharshi Karve Road, New Marine Lines, Cross Road No. 1, Churchgate, Mumbai -400020, Maharashtra,
India.

The consolidated financial statements for the year ended March 31, 2022 were approved by the Board of Directors and authorised for issue
on 28 July 2022.

Note 1.2 Significant Account Policies

The consolidated financial statements have been prepared on the following basis:

(b) Statement of compliance

The Financial Statements have been prepared in accordance with the Indian Accounting Standards (referred to as “Ind AS”) prescribed under
section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules as amended from time to time.

(c) Basis of preparation and presentation

The Consolidated financial statements have been prepared on the historical cost basis, except for certain financial instruments that are
measured at fair value at the end of each reporting period. Historical cost is generally based on the fair value of the consideration given in
exchange for goods and services. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly
transaction between market participants at the measurement date. Current Assets do not include elements which are not expected to be
realised within 1 year and Current Liabilities do not include items which are due after 1 year, the period of 1 year being reckoned from the
reporting date.

(d) Principles of consolidation and equity accounting

(i) Subsidiaries

Subsidiaries are entities (including structured entities) over which the Group has control. The Group controls an entity when the Group is
exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power
to direct the relevant activities of that entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Group.

The Group combines the financial statements of the parent and its subsidiaries line by line adding together like items of assets, liabilities,
equity, income and expenses. Intra-Group transactions, balances and unrealised gains on transactions between entities within the Group are
eliminated. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset.
Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group.
Non-controlling interests in the results and equity of subsidiaries are shown separately in the Consolidated Statement of Profit and Loss,
Consolidated Statement of Changes in Equity and the Consolidated Balance Sheet respectively.

(ii) Joint venture/Associate and equity method accounting

Joint ventures are joint arrangements whereby the parties that have joint control of the arrangements have rights to the net assets and

22
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

obligations for the liabilities, relating to the arrangement. An associate is an entity over which the Group has significant influence. Significant
influence is the power to participate in the financial and operating policy decisions of the investee, but does not have control or joint control
over those policies. Interests in joint ventures and associates are accounted for using the equity method, after initially being recognised at cost
in the Consolidated Balance sheet.

Under the equity method of accounting, the investments are initially recognised at cost and adjusted thereafter to recognise the Group’s share
of the post-acquisition profits or losses of the investee in the Consolidated Statement of Profit and Loss, and the Group’s share of other
comprehensive income of the investee in Other Comprehensive Income. Dividends received or receivable from joint venture/associate are
recognised as a reduction in the carrying amount of the investment. When the Group’s share of losses in an equity-accounted investment
equals or exceeds its interest in the entity, including any other unsecured long-term receivables, the Group does not recognise further losses,
unless it has incurred obligations or made payments on behalf of the other entity. Unrealised gains on transactions between the Group and its
Joint Venture and associate are eliminated to the extent of the Group’s interest in these entities. Unrealised losses are also eliminated unless
the transaction provides evidence of an impairment of the asset transferred. Accounting policies of equity accounted investees have been
changed where necessary to ensure consistency with the policies adopted by the Group. The carrying amount of equity accounted
investments are tested for impairment.

The financial statements of subsidiaries.joint venture and associate consolidated are drawn upto the same reporting date as that of the Group.

(iii) Changes in ownership interests

The Group treats transactions with non-controlling interests that do not result in a loss of control as transactions with equity owners of the
Group. A change in ownership interest results in an adjustment between the carrying amounts of the controlling and non-controlling interests
to reflect their relative interests in the subsidiary. Any difference between the amount of the adjustment to non-controlling interests and any
consideration paid or received is recognised within equity

When the Group ceases to consolidate or equity account for an investment because of a loss of control, joint control or significant influence,
any retained interest in the entity is re-measured to its fair value with the change in carrying amount recognised in profit or loss. This fair
value becomes the initial carrying amount for the purposes of subsequently accounting for the retained interest as a joint venture /associate or
financial asset. In addition, any amounts previously recognised in Other Comprehensive Income in respect of that entity are accounted for as
if the Group had directly disposed of the related assets or liabilities. This may mean that amounts previously recognised in Other
Comprehensive Income are reclassified to the Statement of Profit and Loss. If the ownership interest in a joint venture/assocaite is reduced
but joint control or significant influence is retained, only a proportionate share of the amounts previously recognised in Other Comprehensive
Income are reclassified to the Statement of Profit and Loss where appropriate

(iv) The list of subsidiary companies,joint venture and associate and the Group's holdings therein are as under:

Ownership in % (either directly or through

No Name of entity Country*
subsidiaries) as at

31.03.22 31.03.21

Indian subsidiaries:

1 Clean Max Cogen Solutions Private Limited India 100 100

2 Clean Max Energy Ventures Private Limited India 100 100

3 Clean Max Power Projects Private Limited India 100 100

4 KAS On Site Power Solutions LLP India 73 73

5 Clean Max IPP1 Private Limited India 100 100

6 Clean Max IPP2 Private Limited India 100 100

23
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

7 Clean Max Mercury Power Private Limited India 100 100

8 Clean Max Photovoltaic Private Limited India 100 100

9 CMES Jupiter Private Limited India 100 100

10 CMES Power 1 Private Limited India 100 100

11 CMES Power 2 Private Limited India 100 100

12 KPJ Renewable Power Projects LLP India 100 100

13 CMES Infinity Private Limited India 100 100

14 CMES Animo LLP formerly CMES Animo Private Limited) India 100 100

15 CMES Rhea LLP formerly CMES Rhea Private Limited) India 100 100

16 CMES Saturn Private Limited India 100 100

CMES Universe LLP formerly CMES Universe Private

17 India 100 100
Limited)

CMES Urja Private Limited formerly CMES Urja Private

18 India 100 100
Limited)

19 Chitradurga Renewable Energy India Private Limited India 100 100

20 Clean Max Deneb Power LLP India 51 51

21 Clean Max Orion Power LLP India 100 100

22 Clean Max Pluto Solar Power LLP India 57 57

23 Clean Max Regulus Power LLP India 100 100

24 Clean Max Scorpius Power LLP India 74 100

25 Clean Max Suryamukhi LLP India 100 100

26 Clean Max Vega Power LLP India 51 51

27 Clean Max Venus Power LLP India 100 100

28 Clean Max Auriga Power LLP India 74 100

24
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

29 Clean Max Actis Energy LLP India 100 100

30 Clean Max Agni2 Power LLP India 100 100

31 Clean Max Apollo Power LLP India 100 100

32 Clean Max Augus Power LLP India 100 100

33 Clean Max Charge LLP India 100 100

34 Clean Max Circe Power LLP India 100 100

35 Clean Max Fusion Power LLP India 100 100

36 Clean Max Helios Power LLP India 100 100

37 Clean Max Hybrid Power LLP India 100 100

38 Clean Max Hyperion Power LLP India 100 100

39 Clean Max IPP 3 Power LLP India 100 100

40 Clean Max Light Power LLP India 100 100

41 Clean Max Power 3 LLP India 63 63

42 Clean Max Vital Energy LLP India 74 100

43 Clean Max Proclus Energy LLP India 100 100

44 Clean Max Solstice Power LLP India 100 100

45 Clean Max Aditya Power Private Limited India 100 100

46 Clean Max Scorpius Private Limited India 74 74

47 Clean Max Sphere Energy Private Limited India 100 100

48 Clean Max Surya Energy Private Limited India 100 100

49 Clean Max Vent Power Private Limited India 100 100

50 Clean Max Bhoomi Pvt Ltd India 100 100

51 Clean Max Khanak Pvt Ltd India 74 100

25
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

52 Clean Max Vayu Pvt Ltd India 80 -

53 Clean Max Kratos Pvt Ltd India 74 -

54 Clean Max Zeus Pvt Ltd India 100 -

55 Clean Max Maximus Pvt Ltd India 100 -

-56 Het Energy Technology LLP India 100 -

57 Clean Max Hybrid 2 Power Private Limited India $ -

58 Clean Max Ipp 4 Power Private Limited India $ -

59 Clean Max Dhyuthi Private Limited India $ -

60 Clean Max Thennal Private Limited India $ -

61 Clean Max Power 4 Private Limited India $ -

Foreign Subsidiaries:

100 100
62 Cleanmax Solar Mena FZCO UAE^

Step Down Subsidiaries:

Clean Max Alpha Lease Co FZCO (upto October 7, 2021, refer

63 UAE^ - 72
note 51)

64 Cleanmax IHQ (Thailand) Co.Ltd Thailand 100 100

65 Cleanmax Energy Thailand Co Ltd Thailand 100 100

66 Sunroof Enviro Solar Energy Systems LLC# UAE^ 49 49

Indian Joint Venture:

67 Cleanmax Harsha Solar LLP India 50 50

26
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Foreign Associate:

Clean Max Alpha Lease Co FZCO (w.e.f. October 8, 2021,

68 UAE^ 36 -
refer note 51)

* Principal place of business / country of incorporation.

# As Cleanmax Solar Mena FZCO controls the composition of the Board of Directors of Sunroof Enviro Solar Energy Systems
LLC, it is a subsidiary of Cleanmax Solar Mena FZCO and in turn subsidiary of the Company.

^United Arab Emirates

$ These entities were incorporated in March 2022 however capital was infused in April 2022.

(e) Critical accounting estimates and judgements

The preparation of consolidated financial statements in conformity with the recognition and measurement principles of Ind AS requires
management to make judgements, estimates and assumptions, that affect the reported amounts of assets and liabilities, disclosures of
contingent liabilities at the date of the financial statements and the reported amounts of revenue and expenses for the years presented. Actual
results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in
which the estimates are revised and in any future periods affected.

In particular, information about significant areas of estimation, uncertainty and critical judgments in applying accounting policies that have
the most significant effect on the amounts recognised in the financial statements pertain to:

· Useful lives of property, plant and equipment and intangible assets: The Group reviews the useful life of property, plant and equipment
and intangible assets at the end of each reporting period. This reassessment may result in change in depreciation and amortization expense in
future periods.

· Impairment of assets: The Group estimates the value in use of the cash generating unit (CGU) based on future cash flows after
considering current economic conditions and trends, estimated future operating results and growth rate and anticipated future economic and
regulatory conditions. The estimated cash flows are developed using internal forecasts. The cash flows are discounted using a suitable
discount rate in order to calculate the present value.

· Defined benefit plans: The cost of the defined benefit plans and the present value of the defined benefit obligation are based on actuarial
valuation using the projected unit credit method. An actuarial valuation involves making various assumptions that may differ from actual
developments in the future. These include the determination of the discount rate, future salary increases and mortality rates. Due to the
complexities involved in the valuation and its long term nature, a defined benefit obligation is highly sensitive to changes in these
assumptions. All assumptions are reviewed at each Balance Sheet date.

· Income Taxes: The Group reviews the carrying amount of deferred tax assets at the end of each reporting period. The policy has been
detailed in Note (n) below.

· Impairment of financial assets: The impairment provision for financial assets (other than trade receivables) are based on assumptions of
risk of default and expected loss rates. The Group makes judgements about these assumptions for selecting the inputs to the impairment
calculation, based on the Group’s past history, existing market conditions as well as forward looking estimates at the end of each reporting
period.

Trade receivables are stated at their nominal values as reduced by appropriate allowances for estimated irrecoverable amounts which are
based on the aging of the receivable balances and historical experiences. Individual trade receivables are written off when management
deems them not be collectible

· Costs to complete for Construction contracts: The Group’s management estimates the costs to complete for each project for the purpose
of revenue recognition and recognition of anticipated losses on projects, if any. In the process of calculating the cost to complete,
management conducts regular and systematic reviews of actual results and future projections with comparison against budget. This process

27
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

requires monitoring controls including financial and operational controls and identifying major risks facing the Group and developing and
implementing initiatives to manage those risks. The Group’s management is confident that the costs to complete the project are fairly
estimated.

(f) Exceptional items

The Group discloses certain financial information both including and excluding exceptional items. The presentation of information excluding
exceptional items allows a better understanding of the underlying trading performance of the Group and provides consistency with the
Group’s internal management reporting. Exceptional items are identified by virtue of either their size or nature so as to facilitate comparison
with prior periods and to assess underlying trends in the financial performance of the Group. Exceptional items can include, but are not
restricted to, gains and losses on the disposal of properties/significant undertakings, impairment charges, fair valuation gain/ (loss) on
Compulsorily Convertible preference shares which are financial liabilities measured through Profit and loss and changes in fair value of
derivative contracts.

(g) Revenue Recognition:

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and revenue can be reliably
measured. Revenue is measured at the fair value of the consideration received or receivable. Revenue excludes indirect taxes which are
collected on behalf of Government.

(i) Revenue from sale of power:

Revenue from sale of power is recognised when the units of electricity is delivered at the price agreed with the customer in the power
purchase agreement which conincides with the tranfer of control and the Group has a present right to receive the payment.

(ii) Revenue from construction contracts:

Contract revenues are recognised over a period of time, based on the stage of completion of the contract activity. Revenue is measured based
on the proportion of contract costs incurred for satisfying the performance obligation to the total estimated contract costs.

Expected loss, if any, on a contracts is recognised as expense in the period in which it is foreseen, irrespective of the stage of completion of
the contract.

Contract modifications are accounted for, when additions, deletions or changes are approved either to the contract scope or contract price.
Accounting for modifications of contracts involves assessing whether the services added to an existing contract are distinct and whether the
pricing is a standalone selling price. Services added that are not distinct are accounted for on a cumulative catch up basis, while those that are
distinct are accounted for prospectively, either as a separate contract, if the additional services are priced at the standalone selling price, or as
a termination of the existing contract and creation of a new contract if not priced at the standalone selling price.

(iii) Revenue from sale of services:

Revenue from services rendered over a period of time, such as operation and maintenance contracts, are recognized on straight line basis over
the period of the performance obligation.

(iv) Interest income:

Interest income is recognised using the effective interest method.

(h) Government Subsidy

28
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Government grants in the nature of subsidy related to customer contracts are recognised as revenue from operations in the Statement of Profit
and Loss, on a prudent basis, on commissioning of the solar power plant when there is reasonable assurance that the conditions for the grant
of subsidy will be fulfilled and grant will be realised. When the grant relates to an asset, the subsidy amount is deducted from the carrying
amount of the asset.

(i) Goods and Service tax input credit

Goods and Service tax input credit is accounted for in the books in the period in which the underlying goods and service received is
accounted and when there is reasonable certainty in availing / utilising the credits.

(j) Employee benefits

Short term benefits:

Salaries, wages, and other short term benefits, accruing to employees are recognised at undiscounted amounts in the period in which the
employee renders the related service.

Retirement benefits

Defined contribution plan:

The Group offers its employees defined contribution plans in the form of provident fund and family pension fund. Provident fund and family
pension funds cover substantially all regular employees. Contributions are paid during the year into separate funds under certain
fiduciary-type arrangements. Both the employees and the Group pays predetermined contributions into provident fund and family pension
fund. The contributions are normally based on a certain proportion of the employee’s salary. The contributions made are charged as an
expense based on the amount of contribution required to be made and when services are rendered by the employees.

Defined benefit plan:

For defined benefit plans in the form of gratuity, the cost of providing benefits is determined using the Projected Unit Credit method, with
actuarial valuations being carried out at each balance sheet date. Actuarial gains and losses are recognized in Other Comprehensive Income
in the period in which they occur. Past service cost is recognised immediately to the extent that the benefits are already vested and otherwise
is amortised on a straight-line basis over the average period until the benefits become vested. The retirement benefit obligation recognised in
the Balance Sheet represents the present value of the defined benefit obligation as adjusted for unrecognised past service cost, as reduced by
the fair value of scheme assets. Any asset resulting from this calculation is limited to past service cost, plus the present value of available
refunds and reductions in future contributions to the schemes.

(k) Share based payments

Equity-settled share-based payments to employees of the Group are measured at the fair value of the equity instruments at the grant date.
Details regarding the determination of the fair value of equity-settled share-based transactions are set out in Note 44. The fair value
determined at the grant date of the equity-settled share-based payments to employees of the Group is expensed on a straight-line basis over
the vesting period, based on the Group’s estimate of equity instruments that will eventually vest, with a corresponding increase in equity at

29
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

the end of year. At the end of each year, the Group revisits its estimate of the number of equity instruments expected to vest and recognizes
any impact in profit or loss, such that the cumulative expense reflects the revised estimate, with a corresponding adjustment to the
equity-settled employee benefits reserve.

(l) Foreign Currencies

The functional currency of the Group is the Indian rupee (INR).

Income and expenses in foreign currencies are recorded at exchange rates prevailing on the date of the transaction. Foreign currency
denominated monetary assets and liabilities are translated at the exchange rate prevailing on the balance sheet date and exchange gains and
losses arising on settlement and restatement are recognised in profit or loss.

Foreign currency denominated non - monetary assets and liabilities that are measured at historical cost are not retranslated.

(m) Taxes

Income tax expense comprises current tax expense and the net change during the year, in the deferred tax asset or liability. Current and
deferred taxes are recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or in
equity, in which case the related current and deferred tax are also recognised in other comprehensive income or in equity, respectively.

Current and Deferred Taxes are measured at the tax rates that are expected to apply in the year when the asset is realised or the liability is
settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the reporting date.

Tax assets and tax liabilities are offset when there is a legally enforceable right to set off the recognised amounts.

(i) Current income tax

Provision for current income tax is made for the tax liability payable on taxable income after considering tax allowances, deductions and
exemptions determined in accordance with the applicable tax rates and the prevailing tax laws.

(ii) Deferred tax

Deferred income tax assets and liabilities are recognised for deductible and taxable temporary differences arising between the tax base of
assets and liabilities and their carrying amount.

Deferred income tax assets are recognised to the extent that it is reasonable that taxable profit will be available against which the deductible

30
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

temporary differences and the carry forward of unused tax credits and unused tax losses can be utilised.

The carrying amount of deferred income tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable
that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilised.

Deferred tax assets include Minimum Alternative Tax (MAT) paid in accordance with the tax laws in India, which is likely to give future
economic benefits in the form of availability of set off against future income tax liability. Accordingly, MAT is recognised as deferred tax
asset in the balance sheet when the asset can be measured reliably and it is probable that the future economic benefit associated with the asset
will be realised.

(n) Property, Plant and Equipment and Depreciation

Property, plant and equipment are stated at cost of acquisition or construction including any cost attributable in bringing the asset to its
working condition for its intended use, net of subsidy (if any) less accumulated depreciation.

Interest on borrowed money allocated to and utilised for qualifying assets pertaining to the period upto the date of capitalisation is added to
the cost of the assets.

Salary cost and cost of travelling directly attributable to the construction of property, plant and equipment has been capitalised to the cost of
property, plant and equipment.

Freehold land is not depreciated.

Any gain or loss arising on derecognition / disposal of an asset is included in profit or loss.

The residual values, useful lives and methods of depreciation of property, plant and equipment are reviewed at each financial year end and
adjusted prospectively, as appropriate.

Depreciable amount for assets is the cost of an asset, or other amount substituted for cost, less its estimated residual value.

Depreciation on property, plant and equipment has been provided as per the useful life prescribed in Schedule II to the Companies Act, 2013
except in respect Solar Power Plant and Wind Farms where the life is considered as 25 years taking into account the nature of the asset, the
estimated usage of the asset, the operating conditions of the asset, manufacturers warranties and maintenance support, etc.

(o) Intangible Assets

Intangible assets acquired are measured on initial recognition at cost. Subsequent to initial recognition, intangible assets are carried at cost
less any accumulated amortization. Intangible assets of the Group have finite lives and are amortised over the estimated useful economic life
and assessed for impairment whenever there is an indication that the intangible asset may be impaired.

31
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

(p) Impairment of assets

Property, plant and equipment and intangible assets with finite lives are evaluated for recoverability whenever there is any indication that
their carrying amounts may not be recoverable. If any such indication exists, the recoverable amount (i.e. higher of the fair value less cost to
sell and the value-in-use) is determined for the individual asset, unless the asset does not generate cash flows that are largely independent of
those from other assets. In such cases, the recoverable amount is determined for the cash generating unit (CGU) to which the asset belongs.

If the recoverable amount of an asset (or CGU) is estimated to be less than its carrying amount, the carrying amount of the asset (or CGU) is
reduced to its recoverable amount and an impairment loss is recognised in profit or loss.

(q) Financial Instruments

Recognition and initial measurement

A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another
entity. Financial assets and financial liabilities are recognized by the Group when it becomes a party to the contractual provisions of the
financial instrument.

Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition or
issue of a financial instrument are adjusted to fair value, except where the financial instrument is measured at Fair Value through profit or
loss, in which case the transaction costs are immediately recognized in profit or loss.

Financial assets

Cash and cash equivalents

The Group considers all highly liquid financial instruments, which are readily convertible into known amounts of cash that are subject to an
insignificant risk of change in value and having original maturities of three months or less from the date of purchase, to be cash equivalents.
Cash and cash equivalents consist of balances with banks which are unrestricted for withdrawal and usage.

For the purpose of the statement of cash flows, cash and cash equivalents consist of cash and short-term deposits, as defined above.

Financial assets at amortised cost

Financial assets are subsequently measured at amortised cost if these financial assets are held within a business whose objective is to hold

32
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

these assets to collect contractual cash flows and the contractual terms of the financial assets give rise on specified dates to cash flows that
are solely payments of principal and interest on the principal amount outstanding.

Financial assets at fair value through profit or loss

Financial assets are measured at fair value through profit or loss unless they are measured at amortised cost or at fair value through other
comprehensive income on initial recognition. The transaction costs directly attributable to the acquisition of financial assets and liabilities at
fair value through profit or loss are immediately recognised in profit or loss.

Financial liabilities and equity instruments

Financial liabilities at fair value through profit or loss

Financial liabilities at fair value through profit or loss include financial liabilities designated upon initial recognition as at fair value through
profit or loss.

Financial liabilities designated upon initial recognition at fair value through profit or loss are designated as such at the initial date of
recognition, and only if the criteria in Ind AS 109 are satisfied.

Other financial liabilities

Other financial liabilities (including borrowings, trade and other payables) are subsequent to initial recognition, measured at amortised cost
using the effective interest rate (EIR) method.

Equity instruments

An equity instrument is a contract that evidences residual interest in the assets of the Group after deducting all of its liabilities. Equity
instruments recognised by the Group are recognised at the proceeds received net off direct issue cost.

Derivative financial instruments

The Group enters into derivative contracts to hedge foreign currency transactions. Such derivative financial instruments are measured at fair
value at the end of each reporting period. Derivatives are carried as financial assets when the fair value is positive and as financial liabilities
when the fair value is negative.

33
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Any gains or losses arising from changes in the fair value of derivatives are taken directly to profit or loss immediately.

Derecognition of financial instruments

The Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expires or it transfers the
financial asset and the transfer qualifies for derecognition under Ind AS 109. A financial liability (or a part of a financial liability) is
derecognised from the Group’s Balance Sheet when the obligation specified in the contract is discharged or cancelled or expires.

Fair value measurement

When the fair values of financial assets or financial liabilities recorded or disclosed in the financial statements cannot be measured based on
quoted prices in active markets, their fair value is measured using valuation techniques including the Discounted Cash Flow (DCF) model.
The inputs to these models are taken from observable markets where possible, but where this is not feasible, a degree of judgment is required
in establishing fair values. Judgments include consideration of inputs such as liquidity risk, credit risk and volatility.

(r) Inventories

Inventories are valued at cost or net realisable value, whichever is lower, cost being worked out on weighted average basis. Cost includes all
charges for bringing the goods to their present location and condition.

Net realizable value represents the estimated selling price for inventories less all estimated costs of completion and costs necessary to make
the sale.

(s) Leases:

The Group evaluates each contract or arrangement, whether it qualifies as lease as defined under Ind AS 116.

The Group as a lessee

The Group assesses, whether the contract is, or contains, a lease. A contract is, or contains, a lease if the contract involves:

(a) the use of an identified asset,

(b) the right to obtain substantially all the economic benefits from use of the identified asset, and

(c) the right to direct the use of the identified asset.

34
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

The Group at the inception of the lease contract recognizes a Right-of-Use (RoU) asset at cost and corresponding lease liability, except for
leases with term of less than twelve months (short term) and low-value assets.

The cost of the right-of-use assets comprises the amount of the initial measurement of the lease liability, any lease payments made at or
before the inception date of the lease plus any initial direct costs, less any lease incentives received. Subsequently, the right of-use assets is
measured at cost less any accumulated depreciation and accumulated impairment losses, if any. The right-of-use assets is depreciated using
the straight-line method from the commencement date over the shorter of lease term or useful life of right-of-use assets.

The Group applies Ind AS 36 to determine whether a Right-of-Use asset is impaired and accounts for any identified impairment loss in the
Statement of Profit and Loss as described in the note (p) above.

For lease liabilities at inception, the Group measures the lease liability at the present value of the lease payments that are not paid at that date.
The lease payments are discounted using the interest rate implicit in the lease, if that rate is readily determined, if that rate is not readily
determined, the lease payments are discounted using the incremental borrowing rate.

The Group recognizes the amount of the re-measurement of lease liability as an adjustment to the right-of-use assets. Where the carrying
amount of the right-of-use assets is reduced to zero and there is a further reduction in the measurement of the lease liability, the Group
recognizes any remaining amount of the re-measurement in the Statement of Profit and Loss.

Lease payments (other than short term and low value leases) have been classified as cash used in Financing activities in the Statement of
Cash Flows.

Lease payments for short-term, low value leases and for variable lease payments, have been classified as cash used in Operating activities in
the Statement of Cash Flows.

The Group has no assets given on lease to others.

(t) Provisions and contingencies

Provisions

A provision is recognised when the Group has a present obligation as a result of past event and it is probable that an outflow of resources will
be required to settle the obligation, in respect of which a reliable estimate can be made. The amount recognised as a provision is the best
estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and
uncertainties surrounding the obligation.

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CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Contingencies

Contingent liabilities exist when there is a possible obligation arising from past events, the existence of which will be confirmed only by the
occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Group, or a present obligation that
arises from past events where it is either not probable that an outflow of resources will be required or the amount cannot be reliably
estimated. Contingent liabilities are appropriately disclosed unless the possibility of an outflow of resources embodying economic benefits is
remote.

A contingent asset is disclosed where an inflow of economic benefits is probable.

(u) Segment Reporting

Segments are identified based on the manner in which the chief operating decision-maker (CODM) decides about the resource allocation and
reviews performance.

Segment revenue, segment expenses, segment assets and segment liabilities have been identified to segments on the basis of their relationship
to the operating activities of the segment.

Segment revenue resulting from transactions with other business segments is accounted on the basis of transfer price agreed between the
segments. Such transfer prices are either determined to yield a desired margin or agreed on a negotiated basis.

Revenue, expenses, assets and liabilities which relate to the Group as a whole and are not allocable to segments on reasonable basis have
been included under “unallocated revenue / expenses / assets/ liabilities”.

(v) Earnings per share

Basic earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect of extraordinary items, if any) by
the weighted average number of equity shares outstanding during the year.

Diluted earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect of extraordinary items, if any) as
adjusted for dividend, interest and other charges to expense or income (net of any attributable taxes) relating to the dilutive potential equity
shares, by the weighted average number of equity shares considered for deriving basic earnings per share and the weighted average number
of equity shares which could have been issued on the conversion of all dilutive potential equity shares.

Potential equity shares are deemed to be dilutive only if their conversion to equity shares would decrease the net profit per share from
continuing ordinary operations. Employee share options with fixed or determinable terms and non-vested ordinary shares are treated as
options in the calculation of diluted earnings per share, even though they may be contingent on vesting. They are treated as outstanding on
the grant date. Potential dilutive equity shares are deemed to be converted as at the beginning of the period, unless they have been issued at a

36
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

later date. The dilutive potential equity shares are adjusted for the proceeds receivable had the shares been actually issued at fair value (i.e.

37
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

average market value of the outstanding shares). Dilutive potential equity shares are determined independently for each period presented. The
number of equity shares and potentially dilutive equity shares are adjusted for share splits / reverse share splits and bonus shares, as
appropriate.

(w) Operating Cycle

Based on the nature of products / activities of the Group and the normal time between acquisition of assets and their realization in cash or
cash equivalents, the Group has determined its operating cycle as 12 months for the purpose of classification of its assets and liabilities as
current and non-current.

Note 1.3 Recent Accounting Pronouncements

'Ministry of Corporate Affairs (“MCA”) notifies new standard or amendments to the existing standards under Companies (Indian Accounting
Standards) Rules as issued from time to time. On March 23, 2022, MCA amended the Companies (Indian Accounting Standards)
Amendment Rules, 2022, applicable from April 1st, 2022, as below:

Ind AS 103 – Reference to Conceptual Framework

The amendments specify that to qualify for recognition as part of applying the acquisition method, the identifiable assets acquired and
liabilities assumed must meet the definitions of assets and liabilities in the Conceptual Framework for Financial Reporting under Indian
Accounting Standards (Conceptual Framework) issued by the Institute of Chartered Accountants of India at the acquisition date. These
changes do not significantly change the requirements of Ind AS 103. The Group does not expect the amendment to have any significant
impact in its consolidated financial statements.

Ind AS 16 – Proceeds before intended use

The amendments clarify the accounting of the proceeds before intended use wherein the amounts received from selling items produced while
the company is preparing the asset for its intended use needs to be deducted from the cost of property, plant and equipment. The Group does
not expect the amendments to have any impact in its recognition of its property, plant and equipment in its consolidated financial statements.

Ind AS 37 – Onerous Contracts - Costs of Fulfilling a Contract

The amendments specify that that the ‘cost of fulfilling’ a contract comprises the ‘costs that relate directly to the contract’. Costs that relate
directly to a contract can either be incremental costs of fulfilling that contract (examples would be direct labour, materials) or an allocation of
other costs that relate directly to fulfilling contracts. The amendment is essentially a clarification and the Group does not expect the
amendment to have any significant impact in its consolidated financial statements.

38
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Ind AS 109 – Annual Improvements to Ind AS (2021)

The amendment clarifies which fees an entity includes when it applies the ‘10 percent’ test of Ind AS 109 in assessing whether to
derecognise a financial liability. The Group does not expect the amendment to have any significant impact in its consolidated financial
statements.

[610200] Notes - Corporate information and statement of IndAs compliance

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of corporate information notes and other explanatory information
[TextBlock]
Textual information (3) Textual information (4)
Statement of Ind AS compliance [TextBlock] [See below] [See below]
Whether there is any departure from Ind AS No No
Whether there are reclassifications to comparative amounts No No
Textual information (5)
Disclosure of significant accounting policies [TextBlock] [See below]

Textual information (3)

Statement of Ind AS compliance [Text Block]

The Financial Statements have been prepared in accordance with the Indian Accounting Standards (referred to as “Ind AS”) prescribed under
section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules as amended from time to time.

Basis of preparation and presentation

The Consolidated financial statements have been prepared on the historical cost basis, except for certain financial instruments that are
measured at fair value at the end of each reporting period. Historical cost is generally based on the fair value of the consideration given in
exchange for goods and services. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly
transaction between market participants at the measurement date. Current Assets do not include elements which are not expected to be
realised within 1 year and Current Liabilities do not include items which are due after 1 year, the period of 1 year being reckoned from the
reporting date.

39
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Textual information (4)

Statement of Ind AS compliance [Text Block]

The Financial Statements have been prepared in accordance with the Indian Accounting Standards (referred to as “Ind AS”) prescribed

under section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules as amended from time to

time.

Summary Of Significant Accounting Policies

Basis of preparation and presentation

The financial statements have been prepared on historical cost basis, except for certain financial instruments that are measured at fair

values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in

exchange for goods and services. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly

transaction between market participants at the measurement date, , regardless of whether that price is directly observable or estimated using

another valuation technique. In estimating the fair value of an asset or a liability, the Company takes into account the characteristics of the

asset or liability if market participants would take those characteristics into account when pricing the asset or liability at the measurement

date.

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CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Textual information (5)

Disclosure of significant accounting policies [Text Block]

Note 1.1 Corporate Information

(a) Corporate Information

The consolidated financial statements comprise the financial statements of Clean Max Enviro Energy Solutions Private Limited (‘the
Company’) and its subsidiaries (collectively, ‘the Group’) and the share of profit in joint venture and associate for the year ended March 31,
2022. Clean Max Enviro Energy Solutions Private Limited is a private company incorporated and domiciled in India, in the year 2010. The
Group is engaged in developing renewable power projects and in generation and sale of power. The registered office address of the Company
is 4th Floor, The International, 16 Maharshi Karve Road, New Marine Lines, Cross Road No. 1, Churchgate, Mumbai -400020, Maharashtra,
India.

The consolidated financial statements for the year ended March 31, 2022 were approved by the Board of Directors and authorised for issue
on 28 July 2022.

Note 1.2 Significant Account Policies

The consolidated financial statements have been prepared on the following basis:

(b) Statement of compliance

The Financial Statements have been prepared in accordance with the Indian Accounting Standards (referred to as “Ind AS”) prescribed under
section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules as amended from time to time.

(c) Basis of preparation and presentation

The Consolidated financial statements have been prepared on the historical cost basis, except for certain financial instruments that are
measured at fair value at the end of each reporting period. Historical cost is generally based on the fair value of the consideration given in
exchange for goods and services. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly
transaction between market participants at the measurement date. Current Assets do not include elements which are not expected to be
realised within 1 year and Current Liabilities do not include items which are due after 1 year, the period of 1 year being reckoned from the
reporting date.

(d) Principles of consolidation and equity accounting

(i) Subsidiaries

Subsidiaries are entities (including structured entities) over which the Group has control. The Group controls an entity when the Group is
exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power
to direct the relevant activities of that entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Group.

The Group combines the financial statements of the parent and its subsidiaries line by line adding together like items of assets, liabilities,
equity, income and expenses. Intra-Group transactions, balances and unrealised gains on transactions between entities within the Group are
eliminated. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset.
Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group.
Non-controlling interests in the results and equity of subsidiaries are shown separately in the Consolidated Statement of Profit and Loss,
Consolidated Statement of Changes in Equity and the Consolidated Balance Sheet respectively.

(ii) Joint venture/Associate and equity method accounting

Joint ventures are joint arrangements whereby the parties that have joint control of the arrangements have rights to the net assets and

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CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

obligations for the liabilities, relating to the arrangement. An associate is an entity over which the Group has significant influence. Significant
influence is the power to participate in the financial and operating policy decisions of the investee, but does not have control or joint control
over those policies. Interests in joint ventures and associates are accounted for using the equity method, after initially being recognised at cost
in the Consolidated Balance sheet.

Under the equity method of accounting, the investments are initially recognised at cost and adjusted thereafter to recognise the Group’s share
of the post-acquisition profits or losses of the investee in the Consolidated Statement of Profit and Loss, and the Group’s share of other
comprehensive income of the investee in Other Comprehensive Income. Dividends received or receivable from joint venture/associate are
recognised as a reduction in the carrying amount of the investment. When the Group’s share of losses in an equity-accounted investment
equals or exceeds its interest in the entity, including any other unsecured long-term receivables, the Group does not recognise further losses,
unless it has incurred obligations or made payments on behalf of the other entity. Unrealised gains on transactions between the Group and its
Joint Venture and associate are eliminated to the extent of the Group’s interest in these entities. Unrealised losses are also eliminated unless
the transaction provides evidence of an impairment of the asset transferred. Accounting policies of equity accounted investees have been
changed where necessary to ensure consistency with the policies adopted by the Group. The carrying amount of equity accounted
investments are tested for impairment.

The financial statements of subsidiaries.joint venture and associate consolidated are drawn upto the same reporting date as that of the Group.

(iii) Changes in ownership interests

The Group treats transactions with non-controlling interests that do not result in a loss of control as transactions with equity owners of the
Group. A change in ownership interest results in an adjustment between the carrying amounts of the controlling and non-controlling interests
to reflect their relative interests in the subsidiary. Any difference between the amount of the adjustment to non-controlling interests and any
consideration paid or received is recognised within equity

When the Group ceases to consolidate or equity account for an investment because of a loss of control, joint control or significant influence,
any retained interest in the entity is re-measured to its fair value with the change in carrying amount recognised in profit or loss. This fair
value becomes the initial carrying amount for the purposes of subsequently accounting for the retained interest as a joint venture /associate or
financial asset. In addition, any amounts previously recognised in Other Comprehensive Income in respect of that entity are accounted for as
if the Group had directly disposed of the related assets or liabilities. This may mean that amounts previously recognised in Other
Comprehensive Income are reclassified to the Statement of Profit and Loss. If the ownership interest in a joint venture/assocaite is reduced
but joint control or significant influence is retained, only a proportionate share of the amounts previously recognised in Other Comprehensive
Income are reclassified to the Statement of Profit and Loss where appropriate

(iv) The list of subsidiary companies,joint venture and associate and the Group's holdings therein are as under:

Ownership in % (either directly or through

No Name of entity Country*
subsidiaries) as at

31.03.22 31.03.21

Indian subsidiaries:

1 Clean Max Cogen Solutions Private Limited India 100 100

2 Clean Max Energy Ventures Private Limited India 100 100

3 Clean Max Power Projects Private Limited India 100 100

4 KAS On Site Power Solutions LLP India 73 73

5 Clean Max IPP1 Private Limited India 100 100

6 Clean Max IPP2 Private Limited India 100 100

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CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

7 Clean Max Mercury Power Private Limited India 100 100

8 Clean Max Photovoltaic Private Limited India 100 100

9 CMES Jupiter Private Limited India 100 100

10 CMES Power 1 Private Limited India 100 100

11 CMES Power 2 Private Limited India 100 100

12 KPJ Renewable Power Projects LLP India 100 100

13 CMES Infinity Private Limited India 100 100

14 CMES Animo LLP formerly CMES Animo Private Limited) India 100 100

15 CMES Rhea LLP formerly CMES Rhea Private Limited) India 100 100

16 CMES Saturn Private Limited India 100 100

CMES Universe LLP formerly CMES Universe Private

17 India 100 100
Limited)

CMES Urja Private Limited formerly CMES Urja Private

18 India 100 100
Limited)

19 Chitradurga Renewable Energy India Private Limited India 100 100

20 Clean Max Deneb Power LLP India 51 51

21 Clean Max Orion Power LLP India 100 100

22 Clean Max Pluto Solar Power LLP India 57 57

23 Clean Max Regulus Power LLP India 100 100

24 Clean Max Scorpius Power LLP India 74 100

25 Clean Max Suryamukhi LLP India 100 100

26 Clean Max Vega Power LLP India 51 51

27 Clean Max Venus Power LLP India 100 100

28 Clean Max Auriga Power LLP India 74 100

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CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

29 Clean Max Actis Energy LLP India 100 100

30 Clean Max Agni2 Power LLP India 100 100

31 Clean Max Apollo Power LLP India 100 100

32 Clean Max Augus Power LLP India 100 100

33 Clean Max Charge LLP India 100 100

34 Clean Max Circe Power LLP India 100 100

35 Clean Max Fusion Power LLP India 100 100

36 Clean Max Helios Power LLP India 100 100

37 Clean Max Hybrid Power LLP India 100 100

38 Clean Max Hyperion Power LLP India 100 100

39 Clean Max IPP 3 Power LLP India 100 100

40 Clean Max Light Power LLP India 100 100

41 Clean Max Power 3 LLP India 63 63

42 Clean Max Vital Energy LLP India 74 100

43 Clean Max Proclus Energy LLP India 100 100

44 Clean Max Solstice Power LLP India 100 100

45 Clean Max Aditya Power Private Limited India 100 100

46 Clean Max Scorpius Private Limited India 74 74

47 Clean Max Sphere Energy Private Limited India 100 100

48 Clean Max Surya Energy Private Limited India 100 100

49 Clean Max Vent Power Private Limited India 100 100

50 Clean Max Bhoomi Pvt Ltd India 100 100

51 Clean Max Khanak Pvt Ltd India 74 100

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CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

52 Clean Max Vayu Pvt Ltd India 80 -

53 Clean Max Kratos Pvt Ltd India 74 -

54 Clean Max Zeus Pvt Ltd India 100 -

55 Clean Max Maximus Pvt Ltd India 100 -

-56 Het Energy Technology LLP India 100 -

57 Clean Max Hybrid 2 Power Private Limited India $ -

58 Clean Max Ipp 4 Power Private Limited India $ -

59 Clean Max Dhyuthi Private Limited India $ -

60 Clean Max Thennal Private Limited India $ -

61 Clean Max Power 4 Private Limited India $ -

Foreign Subsidiaries:

100 100
62 Cleanmax Solar Mena FZCO UAE^

Step Down Subsidiaries:

Clean Max Alpha Lease Co FZCO (upto October 7, 2021, refer

63 UAE^ - 72
note 51)

64 Cleanmax IHQ (Thailand) Co.Ltd Thailand 100 100

65 Cleanmax Energy Thailand Co Ltd Thailand 100 100

66 Sunroof Enviro Solar Energy Systems LLC# UAE^ 49 49

Indian Joint Venture:

67 Cleanmax Harsha Solar LLP India 50 50

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CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Foreign Associate:

Clean Max Alpha Lease Co FZCO (w.e.f. October 8, 2021,

68 UAE^ 36 -
refer note 51)

* Principal place of business / country of incorporation.

# As Cleanmax Solar Mena FZCO controls the composition of the Board of Directors of Sunroof Enviro Solar Energy Systems
LLC, it is a subsidiary of Cleanmax Solar Mena FZCO and in turn subsidiary of the Company.

^United Arab Emirates

$ These entities were incorporated in March 2022 however capital was infused in April 2022.

(e) Critical accounting estimates and judgements

The preparation of consolidated financial statements in conformity with the recognition and measurement principles of Ind AS requires
management to make judgements, estimates and assumptions, that affect the reported amounts of assets and liabilities, disclosures of
contingent liabilities at the date of the financial statements and the reported amounts of revenue and expenses for the years presented. Actual
results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in
which the estimates are revised and in any future periods affected.

In particular, information about significant areas of estimation, uncertainty and critical judgments in applying accounting policies that have
the most significant effect on the amounts recognised in the financial statements pertain to:

· Useful lives of property, plant and equipment and intangible assets: The Group reviews the useful life of property, plant and equipment
and intangible assets at the end of each reporting period. This reassessment may result in change in depreciation and amortization expense in
future periods.

· Impairment of assets: The Group estimates the value in use of the cash generating unit (CGU) based on future cash flows after
considering current economic conditions and trends, estimated future operating results and growth rate and anticipated future economic and
regulatory conditions. The estimated cash flows are developed using internal forecasts. The cash flows are discounted using a suitable
discount rate in order to calculate the present value.

· Defined benefit plans: The cost of the defined benefit plans and the present value of the defined benefit obligation are based on actuarial
valuation using the projected unit credit method. An actuarial valuation involves making various assumptions that may differ from actual
developments in the future. These include the determination of the discount rate, future salary increases and mortality rates. Due to the
complexities involved in the valuation and its long term nature, a defined benefit obligation is highly sensitive to changes in these
assumptions. All assumptions are reviewed at each Balance Sheet date.

· Income Taxes: The Group reviews the carrying amount of deferred tax assets at the end of each reporting period. The policy has been
detailed in Note (n) below.

· Impairment of financial assets: The impairment provision for financial assets (other than trade receivables) are based on assumptions of
risk of default and expected loss rates. The Group makes judgements about these assumptions for selecting the inputs to the impairment
calculation, based on the Group’s past history, existing market conditions as well as forward looking estimates at the end of each reporting
period.

Trade receivables are stated at their nominal values as reduced by appropriate allowances for estimated irrecoverable amounts which are
based on the aging of the receivable balances and historical experiences. Individual trade receivables are written off when management
deems them not be collectible

· Costs to complete for Construction contracts: The Group’s management estimates the costs to complete for each project for the purpose
of revenue recognition and recognition of anticipated losses on projects, if any. In the process of calculating the cost to complete,
management conducts regular and systematic reviews of actual results and future projections with comparison against budget. This process

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CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

requires monitoring controls including financial and operational controls and identifying major risks facing the Group and developing and
implementing initiatives to manage those risks. The Group’s management is confident that the costs to complete the project are fairly
estimated.

(f) Exceptional items

The Group discloses certain financial information both including and excluding exceptional items. The presentation of information excluding
exceptional items allows a better understanding of the underlying trading performance of the Group and provides consistency with the
Group’s internal management reporting. Exceptional items are identified by virtue of either their size or nature so as to facilitate comparison
with prior periods and to assess underlying trends in the financial performance of the Group. Exceptional items can include, but are not
restricted to, gains and losses on the disposal of properties/significant undertakings, impairment charges, fair valuation gain/ (loss) on
Compulsorily Convertible preference shares which are financial liabilities measured through Profit and loss and changes in fair value of
derivative contracts.

(g) Revenue Recognition:

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and revenue can be reliably
measured. Revenue is measured at the fair value of the consideration received or receivable. Revenue excludes indirect taxes which are
collected on behalf of Government.

(i) Revenue from sale of power:

Revenue from sale of power is recognised when the units of electricity is delivered at the price agreed with the customer in the power
purchase agreement which conincides with the tranfer of control and the Group has a present right to receive the payment.

(ii) Revenue from construction contracts:

Contract revenues are recognised over a period of time, based on the stage of completion of the contract activity. Revenue is measured based
on the proportion of contract costs incurred for satisfying the performance obligation to the total estimated contract costs.

Expected loss, if any, on a contracts is recognised as expense in the period in which it is foreseen, irrespective of the stage of completion of
the contract.

Contract modifications are accounted for, when additions, deletions or changes are approved either to the contract scope or contract price.
Accounting for modifications of contracts involves assessing whether the services added to an existing contract are distinct and whether the
pricing is a standalone selling price. Services added that are not distinct are accounted for on a cumulative catch up basis, while those that are
distinct are accounted for prospectively, either as a separate contract, if the additional services are priced at the standalone selling price, or as
a termination of the existing contract and creation of a new contract if not priced at the standalone selling price.

(iii) Revenue from sale of services:

Revenue from services rendered over a period of time, such as operation and maintenance contracts, are recognized on straight line basis over
the period of the performance obligation.

(iv) Interest income:

Interest income is recognised using the effective interest method.

(h) Government Subsidy

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CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Government grants in the nature of subsidy related to customer contracts are recognised as revenue from operations in the Statement of Profit
and Loss, on a prudent basis, on commissioning of the solar power plant when there is reasonable assurance that the conditions for the grant
of subsidy will be fulfilled and grant will be realised. When the grant relates to an asset, the subsidy amount is deducted from the carrying
amount of the asset.

(i) Goods and Service tax input credit

Goods and Service tax input credit is accounted for in the books in the period in which the underlying goods and service received is
accounted and when there is reasonable certainty in availing / utilising the credits.

(j) Employee benefits

Short term benefits:

Salaries, wages, and other short term benefits, accruing to employees are recognised at undiscounted amounts in the period in which the
employee renders the related service.

Retirement benefits

Defined contribution plan:

The Group offers its employees defined contribution plans in the form of provident fund and family pension fund. Provident fund and family
pension funds cover substantially all regular employees. Contributions are paid during the year into separate funds under certain
fiduciary-type arrangements. Both the employees and the Group pays predetermined contributions into provident fund and family pension
fund. The contributions are normally based on a certain proportion of the employee’s salary. The contributions made are charged as an
expense based on the amount of contribution required to be made and when services are rendered by the employees.

Defined benefit plan:

For defined benefit plans in the form of gratuity, the cost of providing benefits is determined using the Projected Unit Credit method, with
actuarial valuations being carried out at each balance sheet date. Actuarial gains and losses are recognized in Other Comprehensive Income
in the period in which they occur. Past service cost is recognised immediately to the extent that the benefits are already vested and otherwise
is amortised on a straight-line basis over the average period until the benefits become vested. The retirement benefit obligation recognised in
the Balance Sheet represents the present value of the defined benefit obligation as adjusted for unrecognised past service cost, as reduced by
the fair value of scheme assets. Any asset resulting from this calculation is limited to past service cost, plus the present value of available
refunds and reductions in future contributions to the schemes.

(k) Share based payments

Equity-settled share-based payments to employees of the Group are measured at the fair value of the equity instruments at the grant date.
Details regarding the determination of the fair value of equity-settled share-based transactions are set out in Note 44. The fair value
determined at the grant date of the equity-settled share-based payments to employees of the Group is expensed on a straight-line basis over
the vesting period, based on the Group’s estimate of equity instruments that will eventually vest, with a corresponding increase in equity at

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CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

the end of year. At the end of each year, the Group revisits its estimate of the number of equity instruments expected to vest and recognizes
any impact in profit or loss, such that the cumulative expense reflects the revised estimate, with a corresponding adjustment to the
equity-settled employee benefits reserve.

(l) Foreign Currencies

The functional currency of the Group is the Indian rupee (INR).

Income and expenses in foreign currencies are recorded at exchange rates prevailing on the date of the transaction. Foreign currency
denominated monetary assets and liabilities are translated at the exchange rate prevailing on the balance sheet date and exchange gains and
losses arising on settlement and restatement are recognised in profit or loss.

Foreign currency denominated non - monetary assets and liabilities that are measured at historical cost are not retranslated.

(m) Taxes

Income tax expense comprises current tax expense and the net change during the year, in the deferred tax asset or liability. Current and
deferred taxes are recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or in
equity, in which case the related current and deferred tax are also recognised in other comprehensive income or in equity, respectively.

Current and Deferred Taxes are measured at the tax rates that are expected to apply in the year when the asset is realised or the liability is
settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the reporting date.

Tax assets and tax liabilities are offset when there is a legally enforceable right to set off the recognised amounts.

(i) Current income tax

Provision for current income tax is made for the tax liability payable on taxable income after considering tax allowances, deductions and
exemptions determined in accordance with the applicable tax rates and the prevailing tax laws.

(ii) Deferred tax

Deferred income tax assets and liabilities are recognised for deductible and taxable temporary differences arising between the tax base of
assets and liabilities and their carrying amount.

Deferred income tax assets are recognised to the extent that it is reasonable that taxable profit will be available against which the deductible

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CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

temporary differences and the carry forward of unused tax credits and unused tax losses can be utilised.

The carrying amount of deferred income tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable
that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilised.

Deferred tax assets include Minimum Alternative Tax (MAT) paid in accordance with the tax laws in India, which is likely to give future
economic benefits in the form of availability of set off against future income tax liability. Accordingly, MAT is recognised as deferred tax
asset in the balance sheet when the asset can be measured reliably and it is probable that the future economic benefit associated with the asset
will be realised.

(n) Property, Plant and Equipment and Depreciation

Property, plant and equipment are stated at cost of acquisition or construction including any cost attributable in bringing the asset to its
working condition for its intended use, net of subsidy (if any) less accumulated depreciation.

Interest on borrowed money allocated to and utilised for qualifying assets pertaining to the period upto the date of capitalisation is added to
the cost of the assets.

Salary cost and cost of travelling directly attributable to the construction of property, plant and equipment has been capitalised to the cost of
property, plant and equipment.

Freehold land is not depreciated.

Any gain or loss arising on derecognition / disposal of an asset is included in profit or loss.

The residual values, useful lives and methods of depreciation of property, plant and equipment are reviewed at each financial year end and
adjusted prospectively, as appropriate.

Depreciable amount for assets is the cost of an asset, or other amount substituted for cost, less its estimated residual value.

Depreciation on property, plant and equipment has been provided as per the useful life prescribed in Schedule II to the Companies Act, 2013
except in respect Solar Power Plant and Wind Farms where the life is considered as 25 years taking into account the nature of the asset, the
estimated usage of the asset, the operating conditions of the asset, manufacturers warranties and maintenance support, etc.

(o) Intangible Assets

Intangible assets acquired are measured on initial recognition at cost. Subsequent to initial recognition, intangible assets are carried at cost
less any accumulated amortization. Intangible assets of the Group have finite lives and are amortised over the estimated useful economic life
and assessed for impairment whenever there is an indication that the intangible asset may be impaired.

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CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

(p) Impairment of assets

Property, plant and equipment and intangible assets with finite lives are evaluated for recoverability whenever there is any indication that
their carrying amounts may not be recoverable. If any such indication exists, the recoverable amount (i.e. higher of the fair value less cost to
sell and the value-in-use) is determined for the individual asset, unless the asset does not generate cash flows that are largely independent of
those from other assets. In such cases, the recoverable amount is determined for the cash generating unit (CGU) to which the asset belongs.

If the recoverable amount of an asset (or CGU) is estimated to be less than its carrying amount, the carrying amount of the asset (or CGU) is
reduced to its recoverable amount and an impairment loss is recognised in profit or loss.

(q) Financial Instruments

Recognition and initial measurement

A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another
entity. Financial assets and financial liabilities are recognized by the Group when it becomes a party to the contractual provisions of the
financial instrument.

Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition or
issue of a financial instrument are adjusted to fair value, except where the financial instrument is measured at Fair Value through profit or
loss, in which case the transaction costs are immediately recognized in profit or loss.

Financial assets

Cash and cash equivalents

The Group considers all highly liquid financial instruments, which are readily convertible into known amounts of cash that are subject to an
insignificant risk of change in value and having original maturities of three months or less from the date of purchase, to be cash equivalents.
Cash and cash equivalents consist of balances with banks which are unrestricted for withdrawal and usage.

For the purpose of the statement of cash flows, cash and cash equivalents consist of cash and short-term deposits, as defined above.

Financial assets at amortised cost

Financial assets are subsequently measured at amortised cost if these financial assets are held within a business whose objective is to hold

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CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

these assets to collect contractual cash flows and the contractual terms of the financial assets give rise on specified dates to cash flows that
are solely payments of principal and interest on the principal amount outstanding.

Financial assets at fair value through profit or loss

Financial assets are measured at fair value through profit or loss unless they are measured at amortised cost or at fair value through other
comprehensive income on initial recognition. The transaction costs directly attributable to the acquisition of financial assets and liabilities at
fair value through profit or loss are immediately recognised in profit or loss.

Financial liabilities and equity instruments

Financial liabilities at fair value through profit or loss

Financial liabilities at fair value through profit or loss include financial liabilities designated upon initial recognition as at fair value through
profit or loss.

Financial liabilities designated upon initial recognition at fair value through profit or loss are designated as such at the initial date of
recognition, and only if the criteria in Ind AS 109 are satisfied.

Other financial liabilities

Other financial liabilities (including borrowings, trade and other payables) are subsequent to initial recognition, measured at amortised cost
using the effective interest rate (EIR) method.

Equity instruments

An equity instrument is a contract that evidences residual interest in the assets of the Group after deducting all of its liabilities. Equity
instruments recognised by the Group are recognised at the proceeds received net off direct issue cost.

Derivative financial instruments

The Group enters into derivative contracts to hedge foreign currency transactions. Such derivative financial instruments are measured at fair
value at the end of each reporting period. Derivatives are carried as financial assets when the fair value is positive and as financial liabilities
when the fair value is negative.

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CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Any gains or losses arising from changes in the fair value of derivatives are taken directly to profit or loss immediately.

Derecognition of financial instruments

The Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expires or it transfers the
financial asset and the transfer qualifies for derecognition under Ind AS 109. A financial liability (or a part of a financial liability) is
derecognised from the Group’s Balance Sheet when the obligation specified in the contract is discharged or cancelled or expires.

Fair value measurement

When the fair values of financial assets or financial liabilities recorded or disclosed in the financial statements cannot be measured based on
quoted prices in active markets, their fair value is measured using valuation techniques including the Discounted Cash Flow (DCF) model.
The inputs to these models are taken from observable markets where possible, but where this is not feasible, a degree of judgment is required
in establishing fair values. Judgments include consideration of inputs such as liquidity risk, credit risk and volatility.

(r) Inventories

Inventories are valued at cost or net realisable value, whichever is lower, cost being worked out on weighted average basis. Cost includes all
charges for bringing the goods to their present location and condition.

Net realizable value represents the estimated selling price for inventories less all estimated costs of completion and costs necessary to make
the sale.

(s) Leases:

The Group evaluates each contract or arrangement, whether it qualifies as lease as defined under Ind AS 116.

The Group as a lessee

The Group assesses, whether the contract is, or contains, a lease. A contract is, or contains, a lease if the contract involves:

(a) the use of an identified asset,

(b) the right to obtain substantially all the economic benefits from use of the identified asset, and

(c) the right to direct the use of the identified asset.

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CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

The Group at the inception of the lease contract recognizes a Right-of-Use (RoU) asset at cost and corresponding lease liability, except for
leases with term of less than twelve months (short term) and low-value assets.

The cost of the right-of-use assets comprises the amount of the initial measurement of the lease liability, any lease payments made at or
before the inception date of the lease plus any initial direct costs, less any lease incentives received. Subsequently, the right of-use assets is
measured at cost less any accumulated depreciation and accumulated impairment losses, if any. The right-of-use assets is depreciated using
the straight-line method from the commencement date over the shorter of lease term or useful life of right-of-use assets.

The Group applies Ind AS 36 to determine whether a Right-of-Use asset is impaired and accounts for any identified impairment loss in the
Statement of Profit and Loss as described in the note (p) above.

For lease liabilities at inception, the Group measures the lease liability at the present value of the lease payments that are not paid at that date.
The lease payments are discounted using the interest rate implicit in the lease, if that rate is readily determined, if that rate is not readily
determined, the lease payments are discounted using the incremental borrowing rate.

The Group recognizes the amount of the re-measurement of lease liability as an adjustment to the right-of-use assets. Where the carrying
amount of the right-of-use assets is reduced to zero and there is a further reduction in the measurement of the lease liability, the Group
recognizes any remaining amount of the re-measurement in the Statement of Profit and Loss.

Lease payments (other than short term and low value leases) have been classified as cash used in Financing activities in the Statement of
Cash Flows.

Lease payments for short-term, low value leases and for variable lease payments, have been classified as cash used in Operating activities in
the Statement of Cash Flows.

The Group has no assets given on lease to others.

(t) Provisions and contingencies

Provisions

A provision is recognised when the Group has a present obligation as a result of past event and it is probable that an outflow of resources will
be required to settle the obligation, in respect of which a reliable estimate can be made. The amount recognised as a provision is the best
estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and
uncertainties surrounding the obligation.

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CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Contingencies

Contingent liabilities exist when there is a possible obligation arising from past events, the existence of which will be confirmed only by the
occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Group, or a present obligation that
arises from past events where it is either not probable that an outflow of resources will be required or the amount cannot be reliably
estimated. Contingent liabilities are appropriately disclosed unless the possibility of an outflow of resources embodying economic benefits is
remote.

A contingent asset is disclosed where an inflow of economic benefits is probable.

(u) Segment Reporting

Segments are identified based on the manner in which the chief operating decision-maker (CODM) decides about the resource allocation and
reviews performance.

Segment revenue, segment expenses, segment assets and segment liabilities have been identified to segments on the basis of their relationship
to the operating activities of the segment.

Segment revenue resulting from transactions with other business segments is accounted on the basis of transfer price agreed between the
segments. Such transfer prices are either determined to yield a desired margin or agreed on a negotiated basis.

Revenue, expenses, assets and liabilities which relate to the Group as a whole and are not allocable to segments on reasonable basis have
been included under “unallocated revenue / expenses / assets/ liabilities”.

(v) Earnings per share

Basic earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect of extraordinary items, if any) by
the weighted average number of equity shares outstanding during the year.

Diluted earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect of extraordinary items, if any) as
adjusted for dividend, interest and other charges to expense or income (net of any attributable taxes) relating to the dilutive potential equity
shares, by the weighted average number of equity shares considered for deriving basic earnings per share and the weighted average number
of equity shares which could have been issued on the conversion of all dilutive potential equity shares.

Potential equity shares are deemed to be dilutive only if their conversion to equity shares would decrease the net profit per share from
continuing ordinary operations. Employee share options with fixed or determinable terms and non-vested ordinary shares are treated as
options in the calculation of diluted earnings per share, even though they may be contingent on vesting. They are treated as outstanding on
the grant date. Potential dilutive equity shares are deemed to be converted as at the beginning of the period, unless they have been issued at a

55
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

later date. The dilutive potential equity shares are adjusted for the proceeds receivable had the shares been actually issued at fair value (i.e.

56
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

average market value of the outstanding shares). Dilutive potential equity shares are determined independently for each period presented. The
number of equity shares and potentially dilutive equity shares are adjusted for share splits / reverse share splits and bonus shares, as
appropriate.

(w) Operating Cycle

Based on the nature of products / activities of the Group and the normal time between acquisition of assets and their realization in cash or
cash equivalents, the Group has determined its operating cycle as 12 months for the purpose of classification of its assets and liabilities as
current and non-current.

Note 1.3 Recent Accounting Pronouncements

'Ministry of Corporate Affairs (“MCA”) notifies new standard or amendments to the existing standards under Companies (Indian Accounting
Standards) Rules as issued from time to time. On March 23, 2022, MCA amended the Companies (Indian Accounting Standards)
Amendment Rules, 2022, applicable from April 1st, 2022, as below:

Ind AS 103 – Reference to Conceptual Framework

The amendments specify that to qualify for recognition as part of applying the acquisition method, the identifiable assets acquired and
liabilities assumed must meet the definitions of assets and liabilities in the Conceptual Framework for Financial Reporting under Indian
Accounting Standards (Conceptual Framework) issued by the Institute of Chartered Accountants of India at the acquisition date. These
changes do not significantly change the requirements of Ind AS 103. The Group does not expect the amendment to have any significant
impact in its consolidated financial statements.

Ind AS 16 – Proceeds before intended use

The amendments clarify the accounting of the proceeds before intended use wherein the amounts received from selling items produced while
the company is preparing the asset for its intended use needs to be deducted from the cost of property, plant and equipment. The Group does
not expect the amendments to have any impact in its recognition of its property, plant and equipment in its consolidated financial statements.

Ind AS 37 – Onerous Contracts - Costs of Fulfilling a Contract

The amendments specify that that the ‘cost of fulfilling’ a contract comprises the ‘costs that relate directly to the contract’. Costs that relate
directly to a contract can either be incremental costs of fulfilling that contract (examples would be direct labour, materials) or an allocation of
other costs that relate directly to fulfilling contracts. The amendment is essentially a clarification and the Group does not expect the
amendment to have any significant impact in its consolidated financial statements.

57
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Ind AS 109 – Annual Improvements to Ind AS (2021)

The amendment clarifies which fees an entity includes when it applies the ‘10 percent’ test of Ind AS 109 in assessing whether to
derecognise a financial liability. The Group does not expect the amendment to have any significant impact in its consolidated financial
statements.

[610300] Notes - Accounting policies, changes in accounting estimates and errors

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of changes in accounting policies, accounting estimates and errors
[TextBlock]
Disclosure of initial application of standards or interpretations
[TextBlock]
Whether initial application of an Ind AS has an effect on the
No No
current period or any prior period
Disclosure of voluntary change in accounting policy [TextBlock]
Whether there is any voluntary change in accounting policy No No
Disclosure of changes in accounting estimates [TextBlock]
Whether there are changes in acounting estimates during the year No No

[400600] Notes - Property, plant and equipment

Disclosure of additional information about property plant and equipment [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child Refer to child
NA NA
equipment member member
Useful lives or depreciation rates, property, Refer to child Refer to child
NA NA
plant and equipment member member
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(2)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member] Factory equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned and leased assets [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child Refer to child Refer to child Refer to child
equipment member member member member
Useful lives or depreciation rates, property, Refer to child Refer to child Refer to child Refer to child
plant and equipment member member member member
Whether property, plant and equipment are
No No No No
stated at revalued amount

58
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of additional information about property plant and equipment [Table] ..(3)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Factory equipments [Member] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned and leased assets [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Straight Line Refer to child Refer to child
Straight Line Method
equipment Method member member
As per Schedule II As per Schedule II to
Useful lives or depreciation rates, property, Refer to child Refer to child
to the Companies the Companies Act,
plant and equipment member member
Act, 2013 2013
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(4)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member] Vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned and leased assets [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Straight Line Refer to child Refer to child
Straight Line Method
equipment Method member member
As per Schedule II As per Schedule II to
Useful lives or depreciation rates, property, Refer to child Refer to child
to the Companies the Companies Act,
plant and equipment member member
Act, 2013 2013
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(5)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Motor vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child Refer to child Straight Line
Straight Line Method
equipment member member Method
As per Schedule II As per Schedule II to
Useful lives or depreciation rates, property, Refer to child Refer to child
to the Companies the Companies Act,
plant and equipment member member
Act, 2013 2013
Whether property, plant and equipment are
No No No No
stated at revalued amount

59
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of additional information about property plant and equipment [Table] ..(6)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child Refer to child Straight Line
Straight Line Method
equipment member member Method
As per Schedule II As per Schedule II to
Useful lives or depreciation rates, property, Refer to child Refer to child
to the Companies the Companies Act,
plant and equipment member member
Act, 2013 2013
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(7)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Computer equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child Refer to child Straight Line
Straight Line Method
equipment member member Method
As per Schedule II As per Schedule II to
Useful lives or depreciation rates, property, Refer to child Refer to child
to the Companies the Companies Act,
plant and equipment member member
Act, 2013 2013
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of detailed information about property, plant and equipment [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2021 01/04/2020
31/03/2022 31/03/2021 to to
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2,511.08 5,085.86
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
627.27 141.48
equipment
Total disposals and retirements,
627.27 141.48
property, plant and equipment
Total increase (decrease) in property,
1,883.81 4,944.38
plant and equipment
Property, plant and equipment at end of
21,241.5 20,177.96 23,866.89 21,983.08
period

60
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(2)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Accumulated depreciation and impairment [Member]
amount [Axis] amount [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
846.49 687.21
loss
Total Depreciation property plant and
846.49 687.21
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
26.22 9.23
equipment
Total disposals and retirements,
26.22 9.23
property, plant and equipment
Total increase (decrease) in property,
820.27 677.98
plant and equipment
Property, plant and equipment at end of
17,038.7 2,625.39 1,805.12 1,127.14
period

Disclosure of detailed information about property, plant and equipment [Table] ..(3)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Carrying amount [Member]
amount [Axis] amount [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 213.09 177.15 213.09
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 0
loss
Total Depreciation property plant and
0 0
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 98.78 0
equipment
Total disposals and retirements,
0 98.78 0
property, plant and equipment
Total increase (decrease) in property,
213.09 78.37 213.09
plant and equipment
Property, plant and equipment at end of
1,399.47 1,186.38 1,108.01 1,399.47
period

61
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(4)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 177.15
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 0
loss
Total Depreciation property plant and
0 0
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
98.78 0 0
equipment
Total disposals and retirements,
98.78 0 0
property, plant and equipment
Total increase (decrease) in property,
78.37 0 0
plant and equipment
Property, plant and equipment at end of
1,186.38 1,108.01 0 0
period

62
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(5)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Land [Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 213.09 177.15
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 0
loss
Total Depreciation property plant and
0 0
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 98.78
equipment
Total disposals and retirements,
0 98.78
property, plant and equipment
Total increase (decrease) in property,
213.09 78.37
plant and equipment
Property, plant and equipment at end of
0 1,399.47 1,186.38 1,108.01
period

63
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(6)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Land [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Gross carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 213.09 177.15
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0
loss
Total Depreciation property plant and
0
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 98.78 0
equipment
Total disposals and retirements,
0 98.78 0
property, plant and equipment
Total increase (decrease) in property,
213.09 78.37 0
plant and equipment
Property, plant and equipment at end of
1,399.47 1,186.38 1,108.01 0
period

64
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(7)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Land [Member] Buildings [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 31.69 17.89
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0 -22.59 -25.62
loss
Total Depreciation property plant and
0 -22.59 -25.62
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 19.24
equipment
Total disposals and retirements,
0 0 19.24
property, plant and equipment
Total increase (decrease) in property,
0 9.1 -26.97
plant and equipment
Property, plant and equipment at end of
0 0 273.7 264.6
period

Disclosure of detailed information about property, plant and equipment [Table] ..(8)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Buildings [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Carrying amount
Gross carrying amount [Member]
amount [Axis] [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 31.69 17.89
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 25.23
equipment
Total disposals and retirements,
0 25.23
property, plant and equipment
Total increase (decrease) in property,
31.69 -7.34
plant and equipment
Property, plant and equipment at end of
291.57 345.27 313.58 320.92
period

65
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(9)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Buildings [Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
[Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Accumulated depreciation and impairment [Member]
amount [Axis] amount [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 31.69
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
22.59 25.62
loss
Total Depreciation property plant and
22.59 25.62
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 5.99 0
equipment
Total disposals and retirements,
0 5.99 0
property, plant and equipment
Total increase (decrease) in property,
22.59 19.63 31.69
plant and equipment
Property, plant and equipment at end of
71.57 48.98 29.35 345.27
period

66
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(10)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Buildings [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 17.89
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
22.59 25.62
loss
Total Depreciation property plant and
22.59 25.62
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
25.23 0 5.99
equipment
Total disposals and retirements,
25.23 0 5.99
property, plant and equipment
Total increase (decrease) in property,
-7.34 22.59 19.63
plant and equipment
Property, plant and equipment at end of
313.58 320.92 71.57 48.98
period

67
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(11)
Unless otherwise specified, all monetary values are in Millions of INR
Buildings
Classes of property, plant and equipment [Axis] Factory building [Member]
[Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
[Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 31.69 17.89
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-22.59 -25.62
loss
Total Depreciation property plant and
-22.59 -25.62
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 19.24
equipment
Total disposals and retirements,
0 19.24
property, plant and equipment
Total increase (decrease) in property,
9.1 -26.97
plant and equipment
Property, plant and equipment at end of
29.35 273.7 264.6 291.57
period

68
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(12)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Factory building [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Gross carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 31.69 17.89
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
22.59
loss
Total Depreciation property plant and
22.59
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 25.23 0
equipment
Total disposals and retirements,
0 25.23 0
property, plant and equipment
Total increase (decrease) in property,
31.69 -7.34 22.59
plant and equipment
Property, plant and equipment at end of
345.27 313.58 320.92 71.57
period

69
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(13)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Factory building [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 31.69 17.89
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
25.62 -22.59 -25.62
loss
Total Depreciation property plant and
25.62 -22.59 -25.62
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
5.99 0 19.24
equipment
Total disposals and retirements,
5.99 0 19.24
property, plant and equipment
Total increase (decrease) in property,
19.63 9.1 -26.97
plant and equipment
Property, plant and equipment at end of
48.98 29.35 273.7 264.6
period

Disclosure of detailed information about property, plant and equipment [Table] ..(14)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Factory building [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Carrying amount
Gross carrying amount [Member]
amount [Axis] [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 31.69 17.89
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 25.23
equipment
Total disposals and retirements,
0 25.23
property, plant and equipment
Total increase (decrease) in property,
31.69 -7.34
plant and equipment
Property, plant and equipment at end of
291.57 345.27 313.58 320.92
period

70
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(15)
Unless otherwise specified, all monetary values are in Millions of INR
Plant and
Classes of property, plant and equipment [Axis] Factory building [Member] equipment
[Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
assets [Member]
Carrying amount accumulated depreciation and gross carrying Carrying amount
Accumulated depreciation and impairment [Member]
amount [Axis] [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2,252.25
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
22.59 25.62 -817.86
loss
Total Depreciation property plant and
22.59 25.62 -817.86
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 5.99 599.4
equipment
Total disposals and retirements,
0 5.99 599.4
property, plant and equipment
Total increase (decrease) in property,
22.59 19.63 834.99
plant and equipment
Property, plant and equipment at end of
71.57 48.98 29.35 19,538.24
period

71
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(16)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 4,886.37 2,252.25 4,886.37
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-653.92
loss
Total Depreciation property plant and
-653.92
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
8.86 624.06 9.32
equipment
Total disposals and retirements,
8.86 624.06 9.32
property, plant and equipment
Total increase (decrease) in property,
4,223.59 1,628.19 4,877.05
plant and equipment
Property, plant and equipment at end of
18,703.25 14,479.66 22,061.69 20,433.5
period

Disclosure of detailed information about property, plant and equipment [Table] ..(17)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Accumulated depreciation and impairment [Member]
amount [Axis] amount [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
817.86 653.92
loss
Total Depreciation property plant and
817.86 653.92
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
24.66 0.46
equipment
Total disposals and retirements,
24.66 0.46
property, plant and equipment
Total increase (decrease) in property,
793.2 653.46
plant and equipment
Property, plant and equipment at end of
15,556.45 2,523.45 1,730.25 1,076.79
period

72
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(18)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Gross carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2,252.25 4,886.37
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
817.86
loss
Total Depreciation property plant and
817.86
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
624.06 9.32 24.66
equipment
Total disposals and retirements,
624.06 9.32 24.66
property, plant and equipment
Total increase (decrease) in property,
1,628.19 4,877.05 793.2
plant and equipment
Property, plant and equipment at end of
22,061.69 20,433.5 15,556.45 2,523.45
period

73
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(19)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member] Other plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2,252.25 4,886.37
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
653.92 -817.86 -653.92
loss
Total Depreciation property plant and
653.92 -817.86 -653.92
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0.46 599.4 8.86
equipment
Total disposals and retirements,
0.46 599.4 8.86
property, plant and equipment
Total increase (decrease) in property,
653.46 834.99 4,223.59
plant and equipment
Property, plant and equipment at end of
1,730.25 1,076.79 19,538.24 18,703.25
period

Disclosure of detailed information about property, plant and equipment [Table] ..(20)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Carrying amount
Gross carrying amount [Member]
amount [Axis] [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2,252.25 4,886.37
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
624.06 9.32
equipment
Total disposals and retirements,
624.06 9.32
property, plant and equipment
Total increase (decrease) in property,
1,628.19 4,877.05
plant and equipment
Property, plant and equipment at end of
14,479.66 22,061.69 20,433.5 15,556.45
period

74
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(21)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
[Member]
Carrying amount accumulated depreciation and gross carrying Carrying amount
Accumulated depreciation and impairment [Member]
amount [Axis] [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2,252.25
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
817.86 653.92 -817.86
loss
Total Depreciation property plant and
817.86 653.92 -817.86
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
24.66 0.46 599.4
equipment
Total disposals and retirements,
24.66 0.46 599.4
property, plant and equipment
Total increase (decrease) in property,
793.2 653.46 834.99
plant and equipment
Property, plant and equipment at end of
2,523.45 1,730.25 1,076.79 19,538.24
period

75
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(22)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 4,886.37 2,252.25 (A) 4,886.37
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-653.92
loss
Total Depreciation property plant and
-653.92
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
8.86 624.06 9.32
equipment
Total disposals and retirements,
8.86 624.06 9.32
property, plant and equipment
Total increase (decrease) in property,
4,223.59 1,628.19 4,877.05
plant and equipment
Property, plant and equipment at end of
18,703.25 14,479.66 22,061.69 20,433.5
period

(A) : 0

Disclosure of detailed information about property, plant and equipment [Table] ..(23)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Accumulated depreciation and impairment [Member]
amount [Axis] amount [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
817.86 653.92
loss
Total Depreciation property plant and
817.86 653.92
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
24.66 0.46
equipment
Total disposals and retirements,
24.66 0.46
property, plant and equipment
Total increase (decrease) in property,
793.2 653.46
plant and equipment
Property, plant and equipment at end of
15,556.45 2,523.45 1,730.25 1,076.79
period

76
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(24)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Carrying amount [Member]
amount [Axis] amount [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2.75 2.58 2.75
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-1.6 -1.23
loss
Total Depreciation property plant and
-1.6 -1.23
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0.02 0 0.03
equipment
Total disposals and retirements,
0.02 0 0.03
property, plant and equipment
Total increase (decrease) in property,
1.13 1.35 2.72
plant and equipment
Property, plant and equipment at end of
12.74 11.61 10.26 17.75
period

Disclosure of detailed information about property, plant and equipment [Table] ..(25)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2.58
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
1.6 1.23
loss
Total Depreciation property plant and
1.6 1.23
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0.01 0
equipment
Total disposals and retirements,
0 0.01 0
property, plant and equipment
Total increase (decrease) in property,
2.58 1.59 1.23
plant and equipment
Property, plant and equipment at end of
15.03 12.45 5.01 3.42
period

77
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(26)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2.75 2.58
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-1.6 -1.23
loss
Total Depreciation property plant and
-1.6 -1.23
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0.02 0
equipment
Total disposals and retirements,
0.02 0
property, plant and equipment
Total increase (decrease) in property,
1.13 1.35
plant and equipment
Property, plant and equipment at end of
2.19 12.74 11.61 10.26
period

78
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(27)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Gross carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2.75 2.58
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
1.6
loss
Total Depreciation property plant and
1.6
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0.03 0 0.01
equipment
Total disposals and retirements,
0.03 0 0.01
property, plant and equipment
Total increase (decrease) in property,
2.72 2.58 1.59
plant and equipment
Property, plant and equipment at end of
17.75 15.03 12.45 5.01
period

79
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(28)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member] Vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2.31 1.73
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
1.23 -1.5 -1.73
loss
Total Depreciation property plant and
1.23 -1.5 -1.73
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 1.56 5.38
equipment
Total disposals and retirements,
0 1.56 5.38
property, plant and equipment
Total increase (decrease) in property,
1.23 -0.75 -5.38
plant and equipment
Property, plant and equipment at end of
3.42 2.19 6.01 6.76
period

Disclosure of detailed information about property, plant and equipment [Table] ..(29)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Carrying amount
Gross carrying amount [Member]
amount [Axis] [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2.31 1.73
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
2.9 8.04
equipment
Total disposals and retirements,
2.9 8.04
property, plant and equipment
Total increase (decrease) in property,
-0.59 -6.31
plant and equipment
Property, plant and equipment at end of
12.14 10.6 11.19 17.5
period

80
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(30)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Vehicles [Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
[Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Accumulated depreciation and impairment [Member]
amount [Axis] amount [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2.31
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
1.5 1.73
loss
Total Depreciation property plant and
1.5 1.73
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
1.34 2.66 2.9
equipment
Total disposals and retirements,
1.34 2.66 2.9
property, plant and equipment
Total increase (decrease) in property,
0.16 -0.93 -0.59
plant and equipment
Property, plant and equipment at end of
4.59 4.43 5.36 10.6
period

81
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(31)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1.73
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
1.5 1.73
loss
Total Depreciation property plant and
1.5 1.73
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
8.04 1.34 2.66
equipment
Total disposals and retirements,
8.04 1.34 2.66
property, plant and equipment
Total increase (decrease) in property,
-6.31 0.16 -0.93
plant and equipment
Property, plant and equipment at end of
11.19 17.5 4.59 4.43
period

82
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(32)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Vehicles [Member] Motor vehicles [Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
[Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2.31 1.73
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-1.5 -1.73
loss
Total Depreciation property plant and
-1.5 -1.73
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
1.56 5.38
equipment
Total disposals and retirements,
1.56 5.38
property, plant and equipment
Total increase (decrease) in property,
-0.75 -5.38
plant and equipment
Property, plant and equipment at end of
5.36 6.01 6.76 12.14
period

83
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(33)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Motor vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Gross carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2.31 1.73
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
1.5
loss
Total Depreciation property plant and
1.5
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
2.9 8.04 1.34
equipment
Total disposals and retirements,
2.9 8.04 1.34
property, plant and equipment
Total increase (decrease) in property,
-0.59 -6.31 0.16
plant and equipment
Property, plant and equipment at end of
10.6 11.19 17.5 4.59
period

84
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(34)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Motor vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2.31 1.73
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
1.73 -1.5 -1.73
loss
Total Depreciation property plant and
1.73 -1.5 -1.73
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
2.66 1.56 5.38
equipment
Total disposals and retirements,
2.66 1.56 5.38
property, plant and equipment
Total increase (decrease) in property,
-0.93 -0.75 -5.38
plant and equipment
Property, plant and equipment at end of
4.43 5.36 6.01 6.76
period

Disclosure of detailed information about property, plant and equipment [Table] ..(35)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Motor vehicles [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Carrying amount
Gross carrying amount [Member]
amount [Axis] [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2.31 1.73
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
2.9 8.04
equipment
Total disposals and retirements,
2.9 8.04
property, plant and equipment
Total increase (decrease) in property,
-0.59 -6.31
plant and equipment
Property, plant and equipment at end of
12.14 10.6 11.19 17.5
period

85
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(36)
Unless otherwise specified, all monetary values are in Millions of INR
Office equipment
Classes of property, plant and equipment [Axis] Motor vehicles [Member]
[Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
assets [Member]
Carrying amount accumulated depreciation and gross carrying Carrying amount
Accumulated depreciation and impairment [Member]
amount [Axis] [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0.55
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
1.5 1.73 -0.75
loss
Total Depreciation property plant and
1.5 1.73 -0.75
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
1.34 2.66 0
equipment
Total disposals and retirements,
1.34 2.66 0
property, plant and equipment
Total increase (decrease) in property,
0.16 -0.93 -0.2
plant and equipment
Property, plant and equipment at end of
4.59 4.43 5.36 1.79
period

86
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(37)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0.09 0.55 0.09
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-0.87
loss
Total Depreciation property plant and
-0.87
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0.01
equipment
Total disposals and retirements,
0 0 0.01
property, plant and equipment
Total increase (decrease) in property,
-0.78 0.55 0.08
plant and equipment
Property, plant and equipment at end of
1.99 2.77 5.12 4.57
period

Disclosure of detailed information about property, plant and equipment [Table] ..(38)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Accumulated depreciation and impairment [Member]
amount [Axis] amount [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0.75 0.87
loss
Total Depreciation property plant and
0.75 0.87
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0.01
equipment
Total disposals and retirements,
0 0.01
property, plant and equipment
Total increase (decrease) in property,
0.75 0.86
plant and equipment
Property, plant and equipment at end of
4.49 3.33 2.58 1.72
period

87
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(39)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Carrying amount [Member]
amount [Axis] amount [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0.55 0.09 0.55
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-0.75 -0.87
loss
Total Depreciation property plant and
-0.75 -0.87
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
Total disposals and retirements,
0 0 0
property, plant and equipment
Total increase (decrease) in property,
-0.2 -0.78 0.55
plant and equipment
Property, plant and equipment at end of
1.79 1.99 2.77 5.12
period

Disclosure of detailed information about property, plant and equipment [Table] ..(40)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0.09
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
0.75 0.87
loss
Total Depreciation property plant and
0.75 0.87
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0.01 0 0.01
equipment
Total disposals and retirements,
0.01 0 0.01
property, plant and equipment
Total increase (decrease) in property,
0.08 0.75 0.86
plant and equipment
Property, plant and equipment at end of
4.57 4.49 3.33 2.58
period

88
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(41)
Unless otherwise specified, all monetary values are in Millions of INR
Office equipment
Classes of property, plant and equipment [Axis] Computer equipments [Member]
[Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
[Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 8.44 0.05
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-2.19 -3.84
loss
Total Depreciation property plant and
-2.19 -3.84
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0.07 -0.01
equipment
Total disposals and retirements,
0.07 -0.01
property, plant and equipment
Total increase (decrease) in property,
6.18 -3.78
plant and equipment
Property, plant and equipment at end of
1.72 9.55 3.37 7.15
period

89
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(42)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Computer equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Gross carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 8.44 0.05
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
2.19
loss
Total Depreciation property plant and
2.19
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0.28 0.1 0.21
equipment
Total disposals and retirements,
0.28 0.1 0.21
property, plant and equipment
Total increase (decrease) in property,
8.16 -0.05 1.98
plant and equipment
Property, plant and equipment at end of
26.99 18.83 18.88 17.44
period

90
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(43)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Computer equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 8.44 0.05
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
3.84 -2.19 -3.84
loss
Total Depreciation property plant and
3.84 -2.19 -3.84
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0.11 0.07 -0.01
equipment
Total disposals and retirements,
0.11 0.07 -0.01
property, plant and equipment
Total increase (decrease) in property,
3.73 6.18 -3.78
plant and equipment
Property, plant and equipment at end of
15.46 11.73 9.55 3.37
period

Disclosure of detailed information about property, plant and equipment [Table] ..(44)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Computer equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Carrying amount
Gross carrying amount [Member]
amount [Axis] [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 8.44 0.05
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0.28 0.1
equipment
Total disposals and retirements,
0.28 0.1
property, plant and equipment
Total increase (decrease) in property,
8.16 -0.05
plant and equipment
Property, plant and equipment at end of
7.15 26.99 18.83 18.88
period

91
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(45)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Computer equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Accumulated depreciation and impairment [Member]
01/04/2021 01/04/2020
to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property, plant and equipment
[Abstract]
Disclosure of detailed information about property, plant and
equipment [Line items]
Reconciliation of changes in property, plant and equipment
[Abstract]
Changes in property, plant and equipment [Abstract]
Depreciation, property, plant and equipment [Abstract]
Depreciation recognised in profit or loss 2.19 3.84
Total Depreciation property plant and equipment 2.19 3.84
Disposals and retirements, property, plant and equipment
[Abstract]
Disposals, property, plant and equipment 0.21 0.11
Total disposals and retirements, property, plant and
0.21 0.11
equipment
Total increase (decrease) in property, plant and equipment 1.98 3.73
Property, plant and equipment at end of period 17.44 15.46 11.73

[612100] Notes - Impairment of assets

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of impairment of assets [TextBlock]
Disclosure of impairment loss and reversal of impairment loss [TextBlock]
Whether there is any impairment loss or reversal of impairment loss
No No
during the year
Disclosure of information for impairment loss recognised or reversed
for individual Assets or cash-generating unit [TextBlock]
Whether impairment loss recognised or reversed for individual Assets
No No
or cash-generating unit

[400700] Notes - Investment property

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of investment property [TextBlock]
Textual information (6) Textual information (7)
Depreciation method, investment property, cost model [See below] [See below]
estimated useful estimated useful
Useful lives or depreciation rates, investment property, cost model economic life economic life

Textual information (6)

Depreciation method, investment property, cost model

Intangible assets of the Company have finite lives and are amortised over the estimated useful economic life and assessed for impairment
whenever there is an indication that the intangible asset may be impaired.

92
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Textual information (7)

Depreciation method, investment property, cost model

Intangible assets of the Company have finite lives and are amortised over the estimated useful economic life and assessed for impairment
whenever there is an indication that the intangible asset may be impaired.

[400800] Notes - Goodwill

Disclosure of reconciliation of changes in goodwill [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Carrying amount accumulated amortization and impairment and
Carrying amount [Member] Gross carrying amount [Member]
gross carrying amount [Axis]
01/04/2021 01/04/2020
31/03/2022 31/03/2021 to to
31/03/2022 31/03/2021
Disclosure of reconciliation of changes in goodwill
[Abstract]
Disclosure of reconciliation of changes in goodwill
[Line items]
Changes in goodwill [Abstract]
Increase (decrease) through transfers and
other changes, Goodwill [Abstract]
Increase (decrease) through transfers,
15.6 0
goodwill
Total increase (decrease) through
15.6 0
transfers and other changes, goodwill
Total increase (decrease) in goodwill 15.6 0
Goodwill at end of period 15.6 0 15.6 0

Disclosure of reconciliation of changes in goodwill [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Carrying amount accumulated amortization and impairment and Gross carrying
Accumulated amortization and impairment [Member]
gross carrying amount [Axis] amount [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of reconciliation of changes in goodwill
[Abstract]
Disclosure of reconciliation of changes in goodwill
[Line items]
Changes in goodwill [Abstract]
Increase (decrease) through transfers and
other changes, Goodwill [Abstract]
Increase (decrease) through transfers,
0 0
goodwill
Total increase (decrease) through
0 0
transfers and other changes, goodwill
Total increase (decrease) in goodwill 0 0
Goodwill at end of period 0 0 0 0

Unless otherwise specified, all monetary values are in Millions of INR

31/03/2022 31/03/2021
Disclosure of goodwill [TextBlock]
Disclosure of reconciliation of changes in goodwill [Abstract]
Changes in goodwill [Abstract]
Increase (decrease) through transfers and other changes, Goodwill
[Abstract]
Goodwill at end of period 15.6 0

93
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[400900] Notes - Other intangible assets

Disclosure of detailed information about other intangible assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Company other intangible assets [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and
Carrying amount [Member] Gross carrying amount [Member]
gross carrying amount [Axis]
01/04/2021 01/04/2020
31/03/2022 31/03/2021 to to
31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
105.25 23.38
combinations
Total increase (decrease) in Other
105.25 23.38
intangible assets
Other intangible assets at end of period 231 134.95 267.22 161.97

Disclosure of detailed information about other intangible assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Company other intangible assets [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and Gross carrying
Accumulated amortization and impairment [Member]
gross carrying amount [Axis] amount [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 9.2 10.45
Total increase (decrease) in Other
9.2 10.45
intangible assets
Other intangible assets at end of period 138.59 36.22 27.02 16.57

94
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about other intangible assets [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Computer software [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and Gross carrying
Carrying amount [Member]
gross carrying amount [Axis] amount [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0.1 1.74 0.1
combinations
Amortisation other intangible assets -2.22 -5.13
Total increase (decrease) in Other
-2.12 -3.39 0.1
intangible assets
Other intangible assets at end of period 0.28 2.4 5.79 16.71

Disclosure of detailed information about other intangible assets [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Computer software [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and Accumulated amortization and
Gross carrying amount [Member]
gross carrying amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
1.74
combinations
Amortisation other intangible assets 2.22 5.13
Total increase (decrease) in Other
1.74 2.22 5.13
intangible assets
Other intangible assets at end of period 16.61 14.87 16.43 14.21

95
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about other intangible assets [Table] ..(5)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Computer software [Member]
Internally
generated and
other than
Sub classes of other intangible assets [Axis] internally Intangible assets other than internally generated [Member]
generated
intangible assets
[Member]
Accumulated
Carrying amount accumulated amortization and impairment and amortization and
Carrying amount [Member]
gross carrying amount [Axis] impairment
[Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0.1 1.74
combinations
Amortisation other intangible assets -2.22 -5.13
Total increase (decrease) in Other
-2.12 -3.39
intangible assets
Other intangible assets at end of period 9.08 0.28 2.4 5.79

Disclosure of detailed information about other intangible assets [Table] ..(6)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Computer software [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Accumulated
Carrying amount accumulated amortization and impairment and amortization and
Gross carrying amount [Member]
gross carrying amount [Axis] impairment
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0.1 1.74
combinations
Amortisation other intangible assets 2.22
Total increase (decrease) in Other
0.1 1.74 2.22
intangible assets
Other intangible assets at end of period 16.71 16.61 14.87 16.43

96
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about other intangible assets [Table] ..(7)

Unless otherwise specified, all monetary values are in Millions of INR
Copyrights, patents and other operating
Classes of other intangible assets [Axis] Computer software [Member]
rights [Member]
Internally generated and other than
Intangible assets other than internally
Sub classes of other intangible assets [Axis] internally generated intangible assets
generated [Member]
[Member]
Carrying amount accumulated amortization and impairment and Accumulated amortization and
Carrying amount [Member]
gross carrying amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
18.8 21.64
combinations
Amortisation other intangible assets 5.13 -5.95 -5.32
Total increase (decrease) in Other
5.13 12.85 16.32
intangible assets
Other intangible assets at end of period 14.21 9.08 145.4 132.55

Disclosure of detailed information about other intangible assets [Table] ..(8)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Copyrights, patents and other operating rights [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and Carrying amount
Gross carrying amount [Member]
gross carrying amount [Axis] [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
18.8 21.64
combinations
Total increase (decrease) in Other
18.8 21.64
intangible assets
Other intangible assets at end of period 116.23 164.16 145.36 123.72

97
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about other intangible assets [Table] ..(9)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Copyrights, patents and other operating rights [Member]
Internally
Internally generated and other than internally generated generated
Sub classes of other intangible assets [Axis]
intangible assets [Member] intangible assets
[Member]
Carrying amount accumulated amortization and impairment and Gross carrying
Accumulated amortization and impairment [Member]
gross carrying amount [Axis] amount [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
18.8
combinations
Amortisation other intangible assets 5.95 5.32
Total increase (decrease) in Other
5.95 5.32 18.8
intangible assets
Other intangible assets at end of period 18.76 12.81 7.49 164.16

Disclosure of detailed information about other intangible assets [Table] ..(10)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Copyrights, patents and other operating rights [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and Accumulated amortization and
Gross carrying amount [Member]
gross carrying amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
21.64
combinations
Amortisation other intangible assets 5.95 5.32
Total increase (decrease) in Other
21.64 5.95 5.32
intangible assets
Other intangible assets at end of period 145.36 123.72 18.76 12.81

98
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about other intangible assets [Table] ..(11)

Unless otherwise specified, all monetary values are in Millions of INR
Copyrights,
patents and other
Classes of other intangible assets [Axis] Copyrights [Member]
operating rights
[Member]
Internally
generated Internally generated and other than internally generated
Sub classes of other intangible assets [Axis]
intangible assets intangible assets [Member]
[Member]
Accumulated
Carrying amount accumulated amortization and impairment and amortization and
Carrying amount [Member]
gross carrying amount [Axis] impairment
[Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
18.8 21.64
combinations
Amortisation other intangible assets -5.95 -5.32
Total increase (decrease) in Other
12.85 16.32
intangible assets
Other intangible assets at end of period 7.49 145.4 132.55 116.23

Disclosure of detailed information about other intangible assets [Table] ..(12)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Copyrights [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Accumulated
Carrying amount accumulated amortization and impairment and amortization and
Gross carrying amount [Member]
gross carrying amount [Axis] impairment
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
18.8 21.64
combinations
Amortisation other intangible assets 5.95
Total increase (decrease) in Other
18.8 21.64 5.95
intangible assets
Other intangible assets at end of period 164.16 145.36 123.72 18.76

99
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about other intangible assets [Table] ..(13)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Copyrights [Member]
Internally generated and other than
Internally generated intangible assets
Sub classes of other intangible assets [Axis] internally generated intangible assets
[Member]
[Member]
Carrying amount accumulated amortization and impairment and Accumulated amortization and
Carrying amount [Member]
gross carrying amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
18.8 21.64
combinations
Amortisation other intangible assets 5.32 -5.95 -5.32
Total increase (decrease) in Other
5.32 12.85 16.32
intangible assets
Other intangible assets at end of period 12.81 7.49 145.4 132.55

Disclosure of detailed information about other intangible assets [Table] ..(14)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Copyrights [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and Carrying amount
Gross carrying amount [Member]
gross carrying amount [Axis] [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
18.8 21.64
combinations
Total increase (decrease) in Other
18.8 21.64
intangible assets
Other intangible assets at end of period 116.23 164.16 145.36 123.72

100
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about other intangible assets [Table] ..(15)

Unless otherwise specified, all monetary values are in Millions of INR
Other intangible
Classes of other intangible assets [Axis] Copyrights [Member]
assets [Member]
Internally
generated and
other than
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member] internally
generated
intangible assets
[Member]
Carrying amount accumulated amortization and impairment and Carrying amount
Accumulated amortization and impairment [Member]
gross carrying amount [Axis] [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
86.35
combinations
Amortisation other intangible assets 5.95 5.32 -1.03
Total increase (decrease) in Other
5.95 5.32 85.32
intangible assets
Other intangible assets at end of period 18.76 12.81 7.49 85.32

Disclosure of detailed information about other intangible assets [Table] ..(16)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Other intangible assets [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and
Carrying amount [Member] Gross carrying amount [Member]
gross carrying amount [Axis]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 86.35 0
combinations
Amortisation other intangible assets 0
Total increase (decrease) in Other
0 86.35 0
intangible assets
Other intangible assets at end of period 0 0 86.35 0

101
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about other intangible assets [Table] ..(17)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Other intangible assets [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and Gross carrying
Accumulated amortization and impairment [Member]
gross carrying amount [Axis] amount [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 1.03 0
Total increase (decrease) in Other
1.03 0
intangible assets
Other intangible assets at end of period 0 1.03 0 0

Disclosure of detailed information about other intangible assets [Table] ..(18)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Other intangible assets [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Accumulated
Carrying amount accumulated amortization and impairment and amortization and
Gross carrying amount [Member]
gross carrying amount [Axis] impairment
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
86.35 0
combinations
Amortisation other intangible assets 1.03
Total increase (decrease) in Other
86.35 0 1.03
intangible assets
Other intangible assets at end of period 86.35 0 0 1.03

102
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about other intangible assets [Table] ..(19)

Unless otherwise specified, all monetary values are in Millions of INR
Other intangible assets, others
Classes of other intangible assets [Axis] Other intangible assets [Member]
[Member]
Internally generated and other than
Intangible assets other than internally
Sub classes of other intangible assets [Axis] internally generated intangible assets
generated [Member]
[Member]
Carrying amount accumulated amortization and impairment and Accumulated amortization and
Carrying amount [Member]
gross carrying amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Refer to child Refer to child
Nature of other intangible assets others member member
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
86.35 0
combinations
Amortisation other intangible assets 0 -1.03 0
Total increase (decrease) in Other
0 85.32 0
intangible assets
Other intangible assets at end of period 0 0 85.32 0

Disclosure of detailed information about other intangible assets [Table] ..(20)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Other intangible assets, others [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and Carrying amount
Gross carrying amount [Member]
gross carrying amount [Axis] [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Nature of other intangible assets others Refer to child member Refer to child member
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
86.35 0
combinations
Total increase (decrease) in Other
86.35 0
intangible assets
Other intangible assets at end of period 0 86.35 0 0

103
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about other intangible assets [Table] ..(21)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Other intangible assets, others [Member]
Intangible assets
other than
Internally generated and other than internally generated
Sub classes of other intangible assets [Axis] internally
intangible assets [Member]
generated
[Member]
Carrying amount accumulated amortization and impairment and Carrying amount
Accumulated amortization and impairment [Member]
gross carrying amount [Axis] [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Nature of other intangible assets others Refer to child member Refer to child member Customer contracts
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
86.35
combinations
Amortisation other intangible assets 1.03 0 -1.03
Total increase (decrease) in Other
1.03 0 85.32
intangible assets
Other intangible assets at end of period 1.03 0 0 85.32

Disclosure of detailed information about other intangible assets [Table] ..(22)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Other intangible assets, others [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and
Carrying amount [Member] Gross carrying amount [Member]
gross carrying amount [Axis]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Nature of other intangible assets others Customer contracts Customer contracts Customer contracts
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 86.35 0
combinations
Amortisation other intangible assets 0
Total increase (decrease) in Other
0 86.35 0
intangible assets
Other intangible assets at end of period 0 0 86.35 0

104
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about other intangible assets [Table] ..(23)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Other intangible assets, others [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and Gross carrying
Accumulated amortization and impairment [Member]
gross carrying amount [Axis] amount [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Nature of other intangible assets others Customer contracts Customer contracts
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 1.03 0
Total increase (decrease) in Other
1.03 0
intangible assets
Other intangible assets at end of period 0 1.03 0 0

Disclosure of additional information about other intangible assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Computer software [Member]
Internally generated and other than
Intangible assets other than internally
Sub classes of other intangible assets [Axis] internally generated intangible assets
generated [Member]
[Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of additional information about other
intangible assets [Abstract]
Disclosure of additional information about
other intangible assets [Line items]
Refer to child Refer to child Written Down
Amortisation method, other intangible assets member member Value
Written Down Value

Useful lives or amortisation rates, other Refer to child Refer to child

3 3
intangible assets member member
Whether other intangible assets are stated at
No No No No
revalued amount

Disclosure of additional information about other intangible assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Copyrights,
patents and other Other intangible
Classes of other intangible assets [Axis] Copyrights [Member]
operating rights assets [Member]
[Member]
Internally Internally Internally
generated and generated and generated and
Internally
other than other than other than
generated
Sub classes of other intangible assets [Axis] internally internally internally
intangible assets
generated generated generated
[Member]
intangible assets intangible assets intangible assets
[Member] [Member] [Member]
01/04/2020 01/04/2020 01/04/2020 01/04/2020
to to to to
31/03/2021 31/03/2021 31/03/2021 31/03/2021
Disclosure of additional information about other
intangible assets [Abstract]
Disclosure of additional information about
other intangible assets [Line items]
Refer to child Refer to child Written Down Refer to child
Amortisation method, other intangible assets member member Value member
Useful lives or amortisation rates, other Refer to child Refer to child Refer to child
3
intangible assets member member member
Whether other intangible assets are stated at
No No No No
revalued amount

105
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of additional information about other intangible assets [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Other intangible assets, others
Classes of other intangible assets [Axis]
[Member]
Internally
generated and Intangible assets
other than other than
Sub classes of other intangible assets [Axis] internally internally
generated generated
intangible assets [Member]
[Member]
01/04/2020 01/04/2020
to to
31/03/2021 31/03/2021
Disclosure of additional information about other intangible assets [Abstract]
Disclosure of additional information about other intangible assets [Line items]
Refer to child Written Down
Amortisation method, other intangible assets member Value
Refer to child
Useful lives or amortisation rates, other intangible assets member
3

Whether other intangible assets are stated at revalued amount No No

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of other intangible assets [TextBlock]
Disclosure of detailed information about other intangible assets
[TextBlock]
Disclosure of intangible assets with indefinite useful life [TextBlock]
Whether there are intangible assets with indefinite useful life No No

[401000] Notes - Biological assets other than bearer plants

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of biological assets, agriculture produce at point of
harvest and government grants related to biological assets
[TextBlock]
Depreciation method, biological assets other than bearer plants, at cost Not applicable Not applicable
Useful lives or depreciation rates, biological assets other than bearer
Not applicable Not applicable
plants, at cost

[611100] Notes - Financial instruments

Disclosure of financial liabilities [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of financial liabilities [Axis] Financial liabilities at amortised cost, class [Member]
Financial liabilities at amortised cost,
Categories of financial liabilities [Axis] Financial liabilities, category [Member]
category [Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of financial liabilities [Abstract]
Disclosure of financial liabilities [Line items]
Financial liabilities 22,226.17 23,560.36 (A) 22,226.17 (B) 23,560.36
Financial liabilities, at fair value 22,226.17 23,560.36 22,226.17 23,560.36

Footnotes
(A) Borrowings : 16054.71, Lease liabilities: 264.29, Trade payables : 5400.13 Other financial liabilities : 507.04
(B) Borrowings : 13413.51, Lease liabilities: 245.73 Trade payables : 2362.66 Other financial liabilities : 7538.46

106
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of financial assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Financial assets at fair value, class Other financial assets at fair value class
Classes of financial assets [Axis]
[Member] [Member]
Categories of financial assets [Axis] Financial assets, category [Member] Financial assets, category [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 6,753.19 3,757.82 6,753.19 3,757.82
Financial assets, at fair value 6,753.19 3,757.82 6,753.19 3,757.82
Description of other financial assets at Refer to child Refer to child Refer to child Refer to child
amortised cost class member member member member
Description of other financial assets at fair Refer to child Refer to child Refer to child Refer to child
value class member member member member

Disclosure of financial assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of financial assets [Axis] Other financial assets at fair value class 1 [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 22.77 10 22.77 10
Financial assets, at fair value 22.77 10 22.77 10
Description of other financial assets at Refer to child Refer to child
Investments Investments
amortised cost class member member
Description of other financial assets at fair Refer to child Refer to child
Investments Investments
value class member member

Disclosure of financial assets [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of financial assets [Axis] Other financial assets at fair value class 2 [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 518.22 1.33 518.22 1.33
Financial assets, at fair value 518.22 1.33 518.22 1.33
Description of other financial assets at Refer to child Refer to child
Loans Loans
amortised cost class member member
Description of other financial assets at fair Refer to child Refer to child
Loans Loans
value class member member

Disclosure of financial assets [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of financial assets [Axis] Other financial assets at fair value class 3 [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 1,973.06 1,450.28 1,973.06 1,450.28
Financial assets, at fair value 1,973.06 1,450.28 1,973.06 (A) 1,450.28
Description of other financial assets at Refer to child Refer to child Other financial
Other financial assets
amortised cost class member member assets
Description of other financial assets at fair Refer to child Refer to child Other financial
Other financial assets
value class member member assets

Footnotes
(A) Other financial assets - at Fair Value : 1.29 Other financial assets - at amortised cost : 1449

107
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of financial assets [Table] ..(5)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of financial assets [Axis] Other financial assets at fair value class 4 [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 995.1 477.84 995.1 477.84
Financial assets, at fair value 995.1 477.84 995.1 477.84
Description of other financial assets at Refer to child Refer to child
Trade receivables Trade receivables
amortised cost class member member
Description of other financial assets at fair Refer to child Refer to child
Trade receivables Trade receivables
value class member member

Disclosure of financial assets [Table] ..(6)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of financial assets [Axis] Other financial assets at fair value class 5 [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 519.54 692.73 519.54 692.73
Financial assets, at fair value 519.54 692.73 519.54 692.73
Description of other financial assets at Refer to child Refer to child Cash and cash Cash and cash
amortised cost class member member equivalents equivalents
Description of other financial assets at fair Refer to child Refer to child Cash and cash Cash and cash
value class member member equivalents equivalents

Disclosure of financial assets [Table] ..(7)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of financial assets [Axis] Other financial assets at fair value class 6 [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 2,724.5 1,125.64 2,724.5 1,125.64
Financial assets, at fair value 2,724.5 1,125.64 2,724.5 1,125.64
Description of other financial assets at Refer to child Refer to child Other balances with Other bank
amortised cost class member member Banks balances
Description of other financial assets at fair Refer to child Refer to child Other balances with Other bank
value class member member Banks balances

108
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[400400] Notes - Non-current investments

Details of non-current investments [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification of non-current investments [Axis] 1
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Non-current investments [Abstract]
Disclosure of details of non-current investments [Abstract]
Details of non-current investments [Line items]
Other non-current Other non-current
Type of non-current investments investments investments
Class of non-current investments Other investments Other investments
Non-current investments 11.2 10
Investments in AIF Investments in AIF
Fund measured at Fund measured at fair
Name of body corporate in whom investment has been made fair value through value through profit
profit and loss and loss
Details of whether such body corporate is subsidiary, associate, joint Other Financials Other Financials
venture or controlled special purpose entity Investments Investments
Number of shares of non-current investment made in body corporate [shares] 0 [shares] 0

Unless otherwise specified, all monetary values are in Millions of INR

31/03/2022 31/03/2021
Disclosure of notes on non-current investments explanatory [TextBlock]
Aggregate amount of quoted non-current investments 0 0
Market value of quoted non-current investments 0 0
Aggregate amount of unquoted non-current investments 11.2 10
Aggregate provision for diminution in value of non-current investments 0 0

[400500] Notes - Current investments

Details of current investments [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification of current investments [Axis] 1
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Current investments [Abstract]
Disclosure of details of current investments [Abstract]
Details of current investments [Line items]
Investments in Investments in
Type of current investments mutual funds mutual funds
Class of current investments Current investments Current investments
Current investments 11.57 0
As per Valuation As per Valuation
Basis of valuation of current investments policy policy
Name of body corporate in whom investment has been made Mutual Fund Mutual Fund
Number of shares of current investment made in body corporate [shares] 0 [shares] 0

Unless otherwise specified, all monetary values are in Millions of INR

31/03/2022 31/03/2021
Disclosure of notes on current investments explanatory [TextBlock]
Aggregate amount of quoted current investments 0 0
Market value of quoted current investments 0 0
Aggregate amount of unquoted current investments 11.57 0
Aggregate provision for diminution in value of current investments 0 0

109
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[611600] Notes - Non-current asset held for sale and discontinued operations
Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of non-current assets held for sale and discontinued operations
[TextBlock]
Net cash flows from (used in) operating activities, continuing
4,340.12 4,886.68
operations
Net cash flows from (used in) operating activities 4,340.12 4,886.68
Net cash flows from (used in) investing activities, continuing
-10,338.33 -5,096.66
operations
Net cash flows from (used in) investing activities -10,338.33 -5,096.66
Net cash flows from (used in) financing activities, continuing
5,825.02 451.8
operations
Net cash flows from (used in) financing activities 5,825.02 451.8

[400100] Notes - Equity share capital

Disclosure of shareholding more than five per cent in company [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of equity share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Name of shareholder [Member] Shareholder 1 [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Type of share Equity Equity Equity Equity
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Type of share Equity Equity Equity Equity
Refer to child Refer to child
Name of shareholder member member
Kuldeep P Jain Kuldeep P Jain

Permanent account number of shareholder AEJPJ4284J AEJPJ4284J

Country of incorporation or residence of
INDIA INDIA
shareholder
Number of shares held in company [shares] 35,19,231 [shares] 6,44,773 [shares] 5,95,757 [shares] 5,95,757
Percentage of shareholding in company 97.33% 85.10% 16.48% 78.63%

Disclosure of shareholding more than five per cent in company [Table] ..(2)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of equity share capital [Axis] Equity shares 1 [Member]
Shareholder 3 Shareholder 4
Name of shareholder [Axis] Shareholder 2 [Member]
[Member] [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2022
Type of share Equity Equity Equity Equity
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Type of share Equity Equity Equity Equity
UK Climate
Augment India I Holdings, DSDG Holding
Name of shareholder LLC
Nidhi K Jain Investments Apollo
APS
Limited
Permanent account number of shareholder CDYPM5992G
Country of incorporation or residence of UNITED
CANADA INDIA DENMARK
shareholder KINGDOM
Number of shares held in company [shares] 19,19,685 [shares] 49,016 [shares] 6,35,729 [shares] 3,68,060
Percentage of shareholding in company 53.09% 6.47% 17.58% 10.18%

110
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of classes of equity share capital [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Equity shares 1
Classes of equity share capital [Axis] Equity shares [Member]
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line
items]
Type of share Equity
Number of shares authorised [shares] 45,51,992 [shares] 45,51,992 [shares] 45,51,992
Value of shares authorised 45.51992 45.51992 45.51992
Number of shares issued [shares] 36,15,586 [shares] 7,57,719 [shares] 36,15,586
Value of shares issued 36.15586 7.57719 36.15586
Number of shares subscribed and fully paid [shares] 36,15,586 [shares] 7,57,719 [shares] 36,15,586
Value of shares subscribed and fully paid 36.15586 7.57719 36.15586
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 36,15,586 [shares] 7,57,719 [shares] 36,15,586
Total value of shares subscribed 36.15586 7.57719 36.15586
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 36,15,586 [shares] 7,57,719 [shares] 36,15,586
Value of shares called 36.15586 7.57719 36.15586
Value of shares paid-up 36.15586 7.57719 36.15586
Par value per share [INR/shares] 10
Amount per share called in case shares not fully
[INR/shares] 0
called
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in other private
[shares] 8,17,916 [shares] 0 [shares] 8,17,916
placement
Number of shares issued as preferential
allotment arising out of conversion of
[shares] 20,39,951 [shares] 0 [shares] 20,39,951
debentures preference shares during
period
Number of other issues of shares [shares] 0 [shares] 3,225 [shares] 0
Total aggregate number of shares issued
[shares] 28,57,867 [shares] 3,225 [shares] 28,57,867
during period
Total increase (decrease) in number of
[shares] 28,57,867 [shares] 3,225 [shares] 28,57,867
shares outstanding
Number of shares outstanding at end of period [shares] 36,15,586 [shares] 7,57,719 [shares] 7,54,494 [shares] 36,15,586
Reconciliation of value of shares outstanding
[Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during
period [Abstract]
Amount of other private placement issue
8.17916 0 8.17916
during period
Amount of preferential allotment issue
arising out of conversion of debentures 20.39951 0 20.39951
preference shares during period
Amount of other issues during period 0 0.03225 0
Total aggregate amount of increase
28.57867 0.03225 28.57867
in equity share capital during period
Total increase (decrease) in share capital 28.57867 0.03225 28.57867
Equity share capital at end of period 36.15586 7.57719 7.54494 36.15586
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Application money received for
allotment of securities and due for 0 0 0
refund, principal

111
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Application money received for

allotment of securities and due for 0 0 0
refund, interest accrued
Total application money received for
allotment of securities and due for refund 0 0 0
and interest accrued thereon
Type of share Equity

Disclosure of classes of equity share capital [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of equity share capital [Axis] Equity shares 1 [Member]
01/04/2020
to 31/03/2020
31/03/2021
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line items]
Type of share Equity
Number of shares authorised [shares] 45,51,992
Value of shares authorised 45.51992
Number of shares issued [shares] 7,57,719
Value of shares issued 7.57719
Number of shares subscribed and fully paid [shares] 7,57,719
Value of shares subscribed and fully paid 7.57719
Number of shares subscribed but not fully paid [shares] 0
Value of shares subscribed but not fully paid 0
Total number of shares subscribed [shares] 7,57,719
Total value of shares subscribed 7.57719
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 7,57,719
Value of shares called 7.57719
Value of shares paid-up 7.57719
Par value per share [INR/shares] 10
Amount per share called in case shares not fully called [INR/shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of shares issued in other private placement [shares] 0
Number of shares issued as preferential allotment arising out of
[shares] 0
conversion of debentures preference shares during period
Number of other issues of shares [shares] 3,225
Total aggregate number of shares issued during period [shares] 3,225
Total increase (decrease) in number of shares outstanding [shares] 3,225
Number of shares outstanding at end of period [shares] 7,57,719 [shares] 7,54,494
Reconciliation of value of shares outstanding [Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during period [Abstract]
Amount of other private placement issue during period 0
Amount of preferential allotment issue arising out of conversion of
0
debentures preference shares during period
Amount of other issues during period 0.03225
Total aggregate amount of increase in equity share capital during period 0.03225
Total increase (decrease) in share capital 0.03225
Equity share capital at end of period 7.57719 7.54494
Details of application money received for allotment of securities and due for
refund and interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund,
0
principal
Application money received for allotment of securities and due for refund,
0
interest accrued
Total application money received for allotment of securities and due for
0
refund and interest accrued thereon
Type of share Equity

112
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of notes on equity share capital explanatory [TextBlock]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Number of persons on private placement of equity share [pure] 3
Nature of security on private placement of equity share Equity Shares

[400300] Notes - Borrowings

Classification of borrowings [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Non-current [Member]
Classification of borrowings [Axis] Borrowings [Member]
Secured/Unsecured borrowings
Subclassification of borrowings [Axis] Secured borrowings [Member]
[Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 14,895.92 12,347.71 14,895.92 12,347.71

Classification of borrowings [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Non-current [Member]
Classification of borrowings [Axis] Term loans [Member] Term loans from banks [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 14,895.92 12,347.71 3,431.29 2,975.17

Classification of borrowings [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Non-current [Member]
Rupee term loans from banks
Classification of borrowings [Axis] Term loans from others [Member]
[Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings (A) 3,431.29 (B) 2,975.17 11,464.63 9,372.54

Footnotes
(A) Vehicle loans from Banks : 2.96 Term loans from Banks : 3428.33
(B) Vehicle loans from Banks : 2.38 Term loans from Banks : 2972.79

Classification of borrowings [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Non-current [Member] Current [Member]
Rupee term loans from others
Classification of borrowings [Axis] Borrowings [Member]
[Member]
Secured/Unsecured borrowings
Subclassification of borrowings [Axis] Secured borrowings [Member]
[Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings (A) 11,464.63 (B) 9,372.54 1,158.79 1,065.8

113
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Footnotes
(A) Vehicle loans from Others : 0 Term loans from Others : 12623.42 Less: Current maturities of long term borrowings : -1158.79
(B) Vehicle loans from Others : 0 Term loans from Others : 10288.61 Less: Current maturities of long term borrowings : -916.07

Classification of borrowings [Table] ..(5)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Current [Member]
Classification of borrowings [Axis] Borrowings [Member] Term loans [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 1,158.79 1,065.8 1,158.79 1,065.8

Classification of borrowings [Table] ..(6)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Current [Member]
Rupee term loans from banks
Classification of borrowings [Axis] Term loans from banks [Member]
[Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 1,158.79 1,065.8 (A) 1,158.79 (B) 1,065.8

Footnotes
(A) current maturities of long term borrowings
(B) current maturities of long term borrowings: 916.07 From Bank: 149.73

114
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[612700] Notes - Income taxes

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Depreciation
Temporary difference, unused tax losses and unused tax credits amortisation
Temporary differences [Member]
[Axis] impairment
[Member]
01/04/2021 01/04/2020 01/04/2020
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2021
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 1,995.49 1,952.62
Deferred tax liabilities 1,583.72 1,628.36
Net deferred tax liability (assets) -411.77 -324.26 -346.47 0
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income)
-87.51 22.24
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Deferred tax expense (income)
-87.51 22.24
recognised in profit or loss
Increase (decrease) through net exchange
differences, deferred tax liability 0 -0.03
(assets)
Total increase (decrease) in deferred
-87.51 22.21 0
tax liability (assets)
Deferred tax liability (assets) at end of
-411.77 -324.26 -346.47 0
period
Description of other temporary differences Refer to child member Refer to child member

115
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(2)
Unless otherwise specified, all monetary values are in Millions of INR
Other temporary
Temporary difference, unused tax losses and unused tax credits
Other temporary differences [Member] differences 1
[Axis]
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 1,995.49 1,952.62 1,995.49
Deferred tax liabilities 1,583.72 1,628.36 1,583.72
Net deferred tax liability (assets) -411.77 -324.26 -346.47 -411.77
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income)
-87.51 22.24 -87.51
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Deferred tax expense (income)
-87.51 22.24 -87.51
recognised in profit or loss
Increase (decrease) through net exchange
differences, deferred tax liability 0 -0.03 0
(assets)
Total increase (decrease) in deferred
-87.51 22.21 -87.51
tax liability (assets)
Deferred tax liability (assets) at end of
-411.77 -324.26 -346.47 -411.77
period
Description of other temporary differences Refer to child member Refer to child member Deferred Tax (Net)

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(3)
Unless otherwise specified, all monetary values are in Millions of INR
Other temporary differences 1
Temporary difference, unused tax losses and unused tax credits [Axis]
[Member]
01/04/2020
to 31/03/2020
31/03/2021
Disclosure of temporary difference, unused tax losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused tax losses and unused tax credits [Line
items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 1,952.62
Deferred tax liabilities 1,628.36
Net deferred tax liability (assets) -324.26 -346.47
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income) recognised in profit or loss 22.24
Reconciliation of changes in deferred tax liability (assets) [Abstract]
Changes in deferred tax liability (assets) [Abstract]
Deferred tax expense (income) recognised in profit or loss 22.24
Increase (decrease) through net exchange differences, deferred tax
-0.03
liability (assets)
Total increase (decrease) in deferred tax liability (assets) 22.21
Deferred tax liability (assets) at end of period -324.26 -346.47
Description of other temporary differences Deferred Tax (Net)

116
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of income tax [TextBlock]
Major components of tax expense (income) [Abstract]
Current tax expense (income) and adjustments for current tax of prior
periods [Abstract]
Current tax expense (income) 38.79 9.98
Total current tax expense (income) and adjustments for current tax
38.79 9.98
of prior periods
Other components of deferred tax expense (income) 179.9 175.94
Total tax expense (income) 218.69 185.92
Disclosure of temporary difference, unused tax losses and unused tax
credits [TextBlock]
Disclosure of temporary difference, unused tax losses and unused tax
credits [Abstract]
Deferred tax assets and liabilities [Abstract]
Deferred tax expense (income) [Abstract]
Reconciliation of changes in deferred tax liability (assets)
[Abstract]
Changes in deferred tax liability (assets) [Abstract]
Reconciliation of accounting profit multiplied by applicable tax rates
[Abstract]
Other tax effects for reconciliation between accounting profit and tax
218.69 185.92
expense (income)
Total tax expense (income) 218.69 185.92

[611000] Notes - Exploration for and evaluation of mineral resources

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of exploration and evaluation assets [TextBlock]
Whether there are any exploration and evaluation activities No No

[611900] Notes - Accounting for government grants and disclosure of government assistance
Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of accounting for government grants and disclosure of government
assistance [TextBlock]
Whether company has received any government grant or government assistance No No

[401100] Notes - Subclassification and notes on liabilities and assets

Disclosure of breakup of provisions [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Non-current [Member]
31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets [Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [Line items]
Provisions [Abstract]
Provisions for employee benefits [Abstract]
Provision gratuity 27.02 27.23
Total provisions for employee benefits 27.02 27.23
CSR expenditure provision 0 0
Total provisions 27.02 27.23

117
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Other current assets others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Other current assets others [Axis] 1 2
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Other current assets notes [Abstract]
Other current assets [Abstract]
Other current assets, others 50.8 48.3 1.8 1.8
Other current assets others [Abstract]
Other current assets others [Line items]
Deferred cost - Non Deferred cost - Non
Description of other current assets others Prepaid expenses Prepaid expenses
refundable deposit refundable deposit
Other current assets, others 50.8 48.3 1.8 1.8

Other current assets others [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Other current assets others [Axis] 3 4
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Other current assets notes [Abstract]
Other current assets [Abstract]
Other current assets, others 301.75 178.16 86.86 140.96
Other current assets others [Abstract]
Other current assets others [Line items]
Amount due from Amount due from
Indirect tax Indirect tax customers under customers under
Description of other current assets others recoverable recoverable constructions constructions
contracts contracts
Other current assets, others 301.75 178.16 86.86 140.96

Other current assets others [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Other current assets others [Axis] 5
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets [Abstract]
Other current assets notes [Abstract]
Other current assets [Abstract]
Other current assets, others 5.03 15.24
Other current assets others [Abstract]
Other current assets others [Line items]
Description of other current assets others Others Others
Other current assets, others 5.03 15.24

118
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Details of loans [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Non-current [Member]
Classification of loans [Axis] Loans [Member]
Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 511.66 0.42 511.66 0.42
Allowance for bad and doubtful loans 0 0 0 0
Total loans 511.66 0.42 511.66 0.42
Details of loans due by directors, other
officers or others [Abstract]
Loans due by directors 0 0 0 0
Loans due by other officers 0 0 0 0
Total loans due by directors, other
0 0 0 0
officers or others
Details of loans due by firms or
companies in which any director
is partner or director [Abstract]
Loans due by firms in which any director
0 0 0 0
is partner
Loans due by private companies in
0 0 0 0
which any director is director
Loans due by private companies in
0 0 0 0
which any director is member
Total loans due by firms or
companies in which any director 0 0 0 0
is partner or director

Details of loans [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Non-current [Member]
Loans given other related parties
Classification of loans [Axis] Loans to related parties [Member]
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 511.46 0 511.46 0
Allowance for bad and doubtful loans 0 0 0 0
Total loans 511.46 0 511.46 0
Details of loans due by directors, other
officers or others [Abstract]
Loans due by directors 0 0 0 0
Loans due by other officers 0 0 0 0
Total loans due by directors, other
0 0 0 0
officers or others
Details of loans due by firms or
companies in which any director
is partner or director [Abstract]
Loans due by firms in which any director
0 0 0 0
is partner
Loans due by private companies in
0 0 0 0
which any director is director
Loans due by private companies in
0 0 0 0
which any director is member
Total loans due by firms or
companies in which any director 0 0 0 0
is partner or director

119
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Details of loans [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Non-current [Member] Current [Member]
Classification of loans [Axis] Loans given employees [Member] Loans [Member]
Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 0.2 0.42 6.56 0.91
Allowance for bad and doubtful loans 0 0 0 0
Total loans 0.2 0.42 6.56 0.91
Details of loans due by directors, other
officers or others [Abstract]
Loans due by directors 0 0 0 0
Loans due by other officers 0 0 0 0
Total loans due by directors, other
0 0 0 0
officers or others
Details of loans due by firms or
companies in which any director
is partner or director [Abstract]
Loans due by firms in which any director
0 0 0 0
is partner
Loans due by private companies in
0 0 0 0
which any director is director
Loans due by private companies in
0 0 0 0
which any director is member
Total loans due by firms or
companies in which any director 0 0 0 0
is partner or director

Details of loans [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Current [Member]
Classification of loans [Axis] Loans [Member] Loans given employees [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 6.56 0.91 6.56 0.91
Allowance for bad and doubtful loans 0 0 0 0
Total loans 6.56 0.91 6.56 0.91
Details of loans due by directors, other
officers or others [Abstract]
Loans due by directors 0 0 0 0
Loans due by other officers 0 0 0 0
Total loans due by directors, other
0 0 0 0
officers or others
Details of loans due by firms or
companies in which any director
is partner or director [Abstract]
Loans due by firms in which any director
0 0 0 0
is partner
Loans due by private companies in
0 0 0 0
which any director is director
Loans due by private companies in
0 0 0 0
which any director is member
Total loans due by firms or
companies in which any director 0 0 0 0
is partner or director

120
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Other current liabilities, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Other current liabilities, others [Axis] 1 2
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of other current liabilities notes
[Abstract]
Other current liabilities [Abstract]
Other current liabilities, others 1.64 1.3 201.5 36.99
Other current liabilities, others [Abstract]
Other current liabilities, others [Line
items]
Prepayments on fair Prepayments on fair
Amount due to
valuation of valuation of Amount due to
Description of other current liabilities, customers under
long-term security long-term security customers under
others construction
deposit from deposit from construction contracts
contracts
customers customers
Other current liabilities, others 1.64 1.3 201.5 36.99

Other current liabilities, others [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Other current liabilities, others [Axis] 3 4
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of other current liabilities notes
[Abstract]
Other current liabilities [Abstract]
Other current liabilities, others 22.36 17.3 105.95 83.77
Other current liabilities, others [Abstract]
Other current liabilities, others [Line
items]
Description of other current liabilities, Statutory
Deferred revenue Deferred revenue Statutory obligations
others obligations
Other current liabilities, others 22.36 17.3 105.95 83.77

Other current liabilities, others [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Other current liabilities, others [Axis] 5
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets [Abstract]
Disclosure of other current liabilities notes [Abstract]
Other current liabilities [Abstract]
Other current liabilities, others 0.05 0.06
Other current liabilities, others [Abstract]
Other current liabilities, others [Line items]
Description of other current liabilities, others Other payables Other payables
Other current liabilities, others 0.05 0.06

121
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Other non-current financial liabilities others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Other non-current financial liabilities others [Axis] 1 2
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of other non-current financial
liabilities notes [Abstract]
Other non-current financial liabilities [Abstract]
Other non-current financial liabilities, others 275.88 205.02 65.12 7,259.31
Other non-current financial liabilities others
[Abstract]
Other non-current financial liabilities
others [Line items]
Liability towards Liability towards
investment in investment in Compulsorily Compulsorily
Description other non-current financial
subsidiaries by subsidiaries by convertible convertible
liabilities others Alternate Alternate Investment preference share preference share
Investment Fund Fund
Other non-current financial liabilities,
275.88 205.02 65.12 7,259.31
others

Other non-current financial liabilities others [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Other non-current financial liabilities others [Axis] 3
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets [Abstract]
Disclosure of other non-current financial liabilities notes [Abstract]
Other non-current financial liabilities [Abstract]
Other non-current financial liabilities, others 235.59 220.7
Other non-current financial liabilities others [Abstract]
Other non-current financial liabilities others [Line items]
Description other non-current financial liabilities others Lease liabilities Lease liabilities
Other non-current financial liabilities, others 235.59 220.7

Other current financial liabilities, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Other current financial liabilities, others [Axis] 1 2
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of other current financial liabilities
notes [Abstract]
Other current financial liabilities [Abstract]
Other current financial liabilities, others 0 0 110.9 25.1
Other current financial liabilities, others
[Abstract]
Other current financial liabilities, others
[Line items]
Payables on
Payables on purchase
Description of other current financial Forward contract Forward contract purchase of
of property, plant &
liabilities, others payable payable property, plant &
equipment
equipment
Other current financial liabilities,
0 0 110.9 25.1
others

122
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Other current financial liabilities, others [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Other current financial liabilities, others [Axis] 3 4
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of other current financial liabilities
notes [Abstract]
Other current financial liabilities [Abstract]
Other current financial liabilities, others 28.7 25.02 9.02 2.86
Other current financial liabilities, others
[Abstract]
Other current financial liabilities, others
[Line items]
Description of other current financial
Lease liabilities Lease liabilities Others Others
liabilities, others
Other current financial liabilities,
28.7 25.02 9.02 2.86
others

Other non-current financial assets, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification of other non-current financial assets others [Axis] 1 2
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Other non-current financial assets notes [Abstract]
Other non-current financial assets [Abstract]
Other non-current financial assets, others 84.34 75.33 1,300.83 935.29
Other non-current financial assets, others
[Abstract]
Other non-current financial assets, others
[Line items]
Balance with bank Balance with bank
Description other non-current financial
Security deposits Security deposits held as margin held as margin
assets, others money money
Other non-current financial assets, others 84.34 75.33 1,300.83 935.29

123
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Subclassification of trade receivables [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Current [Member]
Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line
items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 1,129.13 563.54 995.1 477.84
Allowance for bad and doubtful debts 134.03 85.7 0 0
Total trade receivables 995.1 477.84 995.1 477.84
Details of trade receivables due by
directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Total trade receivables due by
0 0
directors, other officers or others
Details of trade receivables due by firms
or companies in which any director is
partner or director [Abstract]
Trade receivables due by firms in
0 0
which any director is partner
Trade receivables due by private
companies in which any director is 0 0
director
Trade receivables due by private
companies in which any director is 0 0
member
Total trade receivables due by
firms or companies in which any 0 0
director is partner or director

Subclassification of trade receivables [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Current [Member]
Classification of assets based on security [Axis] Doubtful [Member]
31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets [Abstract]
Disclosure of notes on trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 134.03 85.7
Allowance for bad and doubtful debts 134.03 85.7
Total trade receivables 0 0
Details of trade receivables due by directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Total trade receivables due by directors, other officers or others 0 0
Details of trade receivables due by firms or companies in which any
director is partner or director [Abstract]
Trade receivables due by firms in which any director is partner 0 0
Trade receivables due by private companies in which any director is director 0 0
Trade receivables due by private companies in which any director is member 0 0
Total trade receivables due by firms or companies in which any director
0 0
is partner or director

124
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Other current financial assets others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Other current financial assets others [Axis] 1 2
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Other current financial assets [Abstract]
Other current financial assets others 40 41.51 60.53 33.63
Other current financial assets others [Abstract]
Other current financial assets others [Line
items]
Description other current financial assets Interest accrued on Interest accrued on
Subsidy receivable Subsidy receivable
others fixed deposits fixed deposits
Other current financial assets others 40 41.51 60.53 33.63

Other current financial assets others [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Other current financial assets others [Axis] 3 4
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Other current financial assets [Abstract]
Other current financial assets others 4.57 0 3.78 17.85
Other current financial assets others [Abstract]
Other current financial assets others [Line
items]
Description other current financial assets Insurance claim Insurance claim
Others receivables Others receivables
others receivable receivable
Other current financial assets others 4.57 0 3.78 17.85

Other current financial assets others [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Other current financial assets others [Axis] 5 6
01/04/2021 01/04/2020 01/04/2021
to to to
31/03/2022 31/03/2021 31/03/2022
Subclassification and notes on liabilities and assets [Abstract]
Other current financial assets [Abstract]
Other current financial assets others 4.21 1.29 5.66
Other current financial assets others [Abstract]
Other current financial assets others [Line items]
Forward contract Forward contract
Description other current financial assets others receivable receivable
Due from Associate

Other current financial assets others 4.21 1.29 5.66

Other non-current assets, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Other non-current assets, others [Axis] 1 2
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Other non-current assets notes [Abstract]
Other non-current assets [Abstract]
Other non-current assets, others 807.41 76.97 4.68 9.67
Other non-current assets, others [Abstract]
Other non-current assets, others [Line items]
Capital advances Capital advances for
Description of other non-current assets,
for property, plant property, plant and Prepaid expenses Prepaid expenses
others and equipment equipment
Other non-current assets, others 807.41 76.97 4.68 9.67

125
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Other non-current assets, others [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Other non-current assets, others [Axis] 3 4
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Other non-current assets notes [Abstract]
Other non-current assets [Abstract]
Other non-current assets, others 24.47 24.09 34.16 35.96
Other non-current assets, others [Abstract]
Other non-current assets, others [Line items]
Balances with Balances with Deferred cost - Non Deferred cost - Non
Description of other non-current assets,
government government refundable deposit refundable deposit
others authorities authorities (NC) (NC)
Other non-current assets, others 24.47 24.09 34.16 35.96

Other non-current assets, others [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Other non-current assets, others [Axis] 5
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets [Abstract]
Other non-current assets notes [Abstract]
Other non-current assets [Abstract]
Other non-current assets, others 167.12 134.59
Other non-current assets, others [Abstract]
Other non-current assets, others [Line items]
Income tax assets Income tax assets
Description of other non-current assets, others (net) (net)
Other non-current assets, others 167.12 134.59

Classification of inventories [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification of inventories [Axis] Company inventories [Member] Finished goods [Member]
01/04/2021 01/04/2020
31/03/2022 31/03/2021 to to
31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Inventories notes [Abstract]
Classification of inventories [Abstract]
Classification of inventories [Line items]
Inventories 699.24 140.35 699.24 140.35
Textual information Textual information
Mode of valuation (8) [See below] (9) [See below]

Other non-current liabilities others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Other non-current liabilities others [Axis] 1 2
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Other non-current liabilities [Abstract]
Other non-current liabilities others 6.87 7.98 508.44 232.77
Other non-current liabilities others [Abstract]
Other non-current liabilities others [Line
items]
Prepayments on Prepayments on
discounting of discounting of
Description of other non-current liabilities
long-term security long-term security Deferred revenue Deferred revenue
others deposit from deposit from
customers customers
Other non-current liabilities others 6.87 7.98 508.44 232.77

126
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Details of advances [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Current [Member]
Classification of advances [Axis] Advances [Member]
Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 429.72 238.79 429.72 238.79
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Total advance due by directors other
0 0 0 0
officers or others
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Advance due by firms in which any
0 0 0 0
director is partner
Advance due by private companies in
0 0 0 0
which any director is director
Advance due by private companies in
0 0 0 0
which any director is member
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director

Details of advances [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Current [Member]
Classification of advances [Axis] Advances given suppliers [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets [Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 429.72 238.79
Details of advance due by directors other officers or others [Abstract]
Advance due by directors 0 0
Advance due by other officers 0 0
Total advance due by directors other officers or others 0 0
Details of advance due by firms or companies in which any director is
partner or director [Abstract]
Advance due by firms in which any director is partner 0 0
Advance due by private companies in which any director is director 0 0
Advance due by private companies in which any director is member 0 0
Total advance due by firms or companies in which any director is partner
0 0
or director

127
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Unless otherwise specified, all monetary values are in Millions of INR

31/03/2022 31/03/2021
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Total other non-current financial assets 1,385.17 1,010.62
Advances, non-current 0 0

Total other non-current assets (A) 1,037.84 (B) 281.28

Disclosure of notes on cash and bank balances explanatory [TextBlock]
Fixed deposits with banks 0 0
Other deposits with banks 20.94 0
Other balances with banks 498.39 690.82
Total balance with banks 519.33 690.82
Cheques, drafts on hand 0 1.82
Cash on hand 0.21 0.09
Total cash and cash equivalents 519.54 692.73
Bank balance other than cash and cash equivalents 2,724.5 1,125.64
Total cash and bank balances 3,244.04 1,818.37
Total balances held with banks to extent held as
margin money or security against borrowings, 0 0
guarantees or other commitments
Bank deposits with more than 12 months maturity 0 0
Unbilled revenue 368.4 338.56
Security deposits 100.74 6.82
Total other current financial assets 587.89 439.66
Advances, current 429.72 238.79
Total other current assets 875.96 623.25
Security deposits refundable, Non-current 17.95 17.51

Total other non-current financial liabilities (C) 594.54 (D) 7,702.54

Total other non-current liabilities 515.31 240.75
Interest accrued on borrowings 28.17 28.66
Interest accrued on public deposits 0 0
Interest accrued others 0 0
Unpaid dividends 0 0
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Debentures claimed but not paid 0 0
Public deposit payable, current 0 0
Total other current financial liabilities 176.79 81.64
Advance received from customers 188.7 899.65
Total other advance 188.7 899.65
Current liabilities portion of share application money pending
0 0
allotment
Total other current liabilities 520.2 1,039.07

Footnotes
(A) Capital; Advances for property, plant and equipment: 807.41 Prepaid Expenses: 4.68 Balances with Govt. authorities: 24.47
Deferred cost-Non refundable deposit: 34.16 Income Tax Assets (net): 167.12
(B) Capital; Advances for property, plant and equipment: 76.97 Prepaid Expenses: 9.67 Balances with Govt. authorities: 24.09
Deferred cost-Non refundable deposit: 35.96 Income Tax Assets (net): 134.59
(C) Security deposits: 17.95 Liability towars investment in sub. by AIF: 275.88 CCPS: 65.12 Lease liabilities: 235.59
(D) Security deposits: 17.51 Liability towars investment in sub. by AIF: 205.02 CCPS: 7259.31 Lease liabilities: 220.7

Textual information (8)

Mode of valuation
Inventories are stated at the lower of cost and net relisable value. Cost of inventories are determined on weighted average basis. Net relisable
value represents the estimated selling price for inventories less estimated cost of completion and cost necessary to make the sale.

Textual information (9)

Mode of valuation
Inventories are stated at the lower of cost and net relisable value. Cost of inventories are determined on weighted average basis. Net relisable
value represents the estimated selling price for inventories less estimated cost of completion and cost necessary to make the sale.

128
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[401200] Notes - Additional disclosures on balance sheet

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of additional balance sheet notes explanatory [TextBlock]
Additional balance sheet notes [Abstract]
Contingent liabilities and commitments [Abstract]
Classification of contingent liabilities [Abstract]
Total contingent liabilities 0 0
Total contingent liabilities and commitments 0 0
Details regarding dividends [Abstract]
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity
[INR/shares] 0 [INR/shares] 0
shareholders
Details of deposits [Abstract]
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Details of share application money received and paid [Abstract]
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year [pure] 0 [pure] 0
Number of person share application money received during year [pure] 0 [pure] 0
Number of person share application money paid as at end of year [pure] 0 [pure] 0
Number of person share application money received as at end of year [pure] 0 [pure] 0
Share application money received and due for refund 0 0
Details regarding cost records and cost audit[Abstract]
Details regarding cost records [Abstract]
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, No No
2014
Net worth of company 0 0
Details of unclaimed liabilities [Abstract]
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Financial parameters balance sheet items [Abstract]
Investment in subsidiary companies 0 0
Investment in government companies 0 0
Amount due for transfer to investor education and protection fund
0 0
(IEPF)
Gross value of transactions with related parties 0 0
Number of warrants converted into equity shares during period [pure] 0 [pure] 0
Number of warrants converted into preference shares during period [pure] 0 [pure] 0
Number of warrants converted into debentures during period [pure] 0 [pure] 0
Number of warrants issued during period (in foreign currency) [pure] 0 [pure] 0
Number of warrants issued during period (INR) [pure] 0 [pure] 0

[611800] Notes - Revenue

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021
to
31/03/2022
Textual information (10)
Disclosure of revenue [TextBlock] [See below]

129
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Textual information (10)

Disclosure of revenue [Text Block]

(a) Revenue Recognition:

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and revenue can be reliably
measured. Revenue is measured at the fair value of the consideration received or receivable. Revenue excludes indirect taxes which are
collected on behalf of Government.

(i) Revenue from sale of power:

Revenue from sale of power is recognised when the units of electricity is delivered at the price agreed with the customer in the power
purchase agreement which conincides with the tranfer of control and the Group has a present right to receive the payment.

(ii) Revenue from construction contracts:

Contract revenues are recognised over a period of time, based on the stage of completion of the contract activity. Revenue is measured based
on the proportion of contract costs incurred for satisfying the performance obligation to the total estimated contract costs.

Expected loss, if any, on a contracts is recognised as expense in the period in which it is foreseen, irrespective of the stage of completion of
the contract.

Contract modifications are accounted for, when additions, deletions or changes are approved either to the contract scope or contract price.
Accounting for modifications of contracts involves assessing whether the services added to an existing contract are distinct and whether the
pricing is a standalone selling price. Services added that are not distinct are accounted for on a cumulative catch up basis, while those that are
distinct are accounted for prospectively, either as a separate contract, if the additional services are priced at the standalone selling price, or as
a termination of the existing contract and creation of a new contract if not priced at the standalone selling price.

(iii) Revenue from sale of services:

Revenue from services rendered over a period of time, such as operation and maintenance contracts, are recognized on straight line basis over
the period of the performance obligation.

(iv) Interest income:

Interest income is recognised using the effective interest method.

[612400] Notes - Service concession arrangements

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of service concession arrangements [TextBlock]
Whether there are any service concession arrangments No No

130
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[612000] Notes - Construction contracts

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of notes on construction contracts [TextBlock]
Whether there are any construction contracts Yes Yes
Revenue from construction contracts 2,745.39 3,050.86
Textual information (11) Textual information (12)
Methods used to determine construction contract revenue recognised [See below] [See below]
Revenue is measured Revenue is measured
based on the proportion based on the proportion
of contract costs of contract costs
incurred for satisfying incurred for satisfying
Methods used to determine stage of completion of construction in progress the performance the performance
obligation t o t h e t o t a obligation t o t h e t o t a
l estimated l estimated
contract costs. contract costs.
Costs incurred and recognised profits (less recognised losses) 0 0
Advances received for contracts in progress 0 0
Retention for contracts in progress 0 0
Gross amount due from customers for contract work as Assets 0 0
Gross amount due to customers for contract work as liability 0 0
Progress billings 2,658.53 29,009.9

Textual information (11)

Methods used to determine construction contract revenue recognised

Contract revenues are recognised over a period of time, based on the stage of completion of the contract activity. Revenue is measured based
on the proportion of contract costs incurred for satisfying the performance obligation to the total estimated contract costs.

Textual information (12)

Methods used to determine construction contract revenue recognised

Contract revenues are recognised over a period of time, based on the stage of completion of the contract activity. Revenue is measured based
on the proportion of contract costs incurred for satisfying the performance obligation to the total estimated contract costs.

131
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[612600] Notes - Employee benefits

Disclosure of net defined benefit liability (assets) [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Present value of
defined benefit
Net defined benefit liability (assets) [Axis] Net defined benefit liability (assets) [Member]
obligation
[Member]
Defined benefit plans categories [Axis] 1 1
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of net defined benefit liability
(assets) [Abstract]
Disclosure of net defined benefit liability
(assets) [Line items]
Retirement Benefit
Description of type of plan Refer to child member Refer to child member
Plan
Changes in net defined benefit liability
(assets) [Abstract]
Current service cost, net defined
6.99 5.9 6.99
benefit liability (assets)
Interest expense (income), net defined
1.5 1.32 1.5
benefit liability (assets)
Increase (decrease) through business
combinations and disposals, net defined -1.1 -0.4 -1.1
benefit liability (assets)
Increase (decrease) through other
changes, net defined benefit -7.6 -3.77 -7.6
liability (assets)
Total increase (decrease) in net
-0.21 3.05 -0.21
defined benefit liability (assets)
Net defined benefit liability (assets) at
27.02 27.23 24.18 27.02
end of period

Disclosure of net defined benefit liability (assets) [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Present value of defined benefit
Net defined benefit liability (assets) [Axis] Plan assets [Member]
obligation [Member]
Defined benefit plans categories [Axis] 1 1
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of net defined benefit liability
(assets) [Abstract]
Disclosure of net defined benefit liability
(assets) [Line items]
Description of type of plan Retirement Benefit Plan Nil Nil
Changes in net defined benefit liability
(assets) [Abstract]
Current service cost, net defined
5.9
benefit liability (assets)
Interest expense (income), net defined
1.32
benefit liability (assets)
Increase (decrease) through business
combinations and disposals, net defined -0.4
benefit liability (assets)
Increase (decrease) through other
changes, net defined benefit -3.77
liability (assets)
Total increase (decrease) in net
3.05 0 0
defined benefit liability (assets)
Net defined benefit liability (assets) at
27.23 24.18 0 0
end of period

132
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of net defined benefit liability (assets) [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Domestic defined
Defined benefit plans [Axis] benefit plans
[Member]
Plan assets
Net defined benefit liability (assets) [Axis]
[Member]
Defined benefit plans categories [Axis] 1
31/03/2020
Disclosure of net defined benefit liability (assets) [Abstract]
Disclosure of net defined benefit liability (assets) [Line items]
Net defined benefit liability (assets) at end of period 0

Disclosure of defined benefit plans [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Domestic defined benefit plans
Defined benefit plans [Axis]
[Member]
Defined benefit plans categories [Axis] 1
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of defined benefit plans [Abstract]
Disclosure of defined benefit plans [Line items]
Description of type of plan gratuity gratuity
Description of nature of benefits provided by plan retirement benefit retirement benefit
Description of regulatory framework in which plan operates government government
Description of effect of regulatory framework on plan No effect No effect
Description of any other entity's responsibilities for governance of plan No effect No effect
salary risk,
salary risk, longevity
Description of risks to which plan exposes entity longevity risk,
risk, interest risk
interest risk
Surplus (deficit) in plan [Abstract]
Defined benefit obligation, at present value 27.02 27.23
Net surplus (deficit) in plan -27.02 -27.23
Actuarial assumption of discount rates 6.40% 6.40%
Actuarial assumption of expected rates of salary increases 10.00% 10.00%
Other material actuarial assumptions 0.2 0.2

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of employee benefits [TextBlock]
Disclosure of defined benefit plans [TextBlock]
Whether there are any defined benefit plans Yes Yes
Disclosure of net defined benefit liability (assets) [TextBlock]

[612800] Notes - Borrowing costs

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of borrowing costs [TextBlock]
Whether any borrowing costs has been capitalised during the year No No

133
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[612200] Notes - Leases

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of leases [TextBlock]
Whether company has entered into any lease agreement No No
Disclosure of recognised finance lease as assets by lessee [TextBlock]
Whether any operating lease has been converted to financial lease or
No No
vice-versa

[612300] Notes - Transactions involving legal form of lease

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of arrangements involving legal form of lease [TextBlock]
Whether there are any arrangements involving legal form of lease No No

[612900] Notes - Insurance contracts

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of insurance contracts [TextBlock]
Whether there are any insurance contracts as per Ind AS 104 No No

[613100] Notes - Effects of changes in foreign exchange rates

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of effect of changes in foreign exchange rates [TextBlock]
Whether there is any change in functional currency during the year No No
Description of presentation currency INR

[500100] Notes - Subclassification and notes on income and expenses

Miscellaneous other operating revenues [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Miscellaneous other operating revenues [Axis] 1
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Miscellaneous other operating revenues 18.51 6.25
Miscellaneous other operating revenues [Abstract]
Miscellaneous other operating revenues [LineItems]
Other operating Other operating
Description of miscellaneous other operating revenues income income
Miscellaneous other operating revenues 18.51 6.25

134
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Subclassification and notes on income and expense explanatory [TextBlock]
Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products 7.05 0
Revenue from sale of services 6,991.7 6,206.4
Other operating revenues 18.51 6.25
Other operating revenues 18.51 6.25
Total revenue from operations other than finance company 7,017.26 6,212.65
Total revenue from operations 7,017.26 6,212.65
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Miscellaneous other operating revenues 18.51 6.25
Total other operating revenues 18.51 6.25
Total other operating revenues 18.51 6.25
Miscellaneous other operating revenues [Abstract]
Miscellaneous other operating revenues 18.51 6.25
Disclosure of other income [Abstract]
Interest income [Abstract]
Interest income on non-current investments [Abstract]
Interest on fixed deposits, non-current investments 98.41 81.33
Interest on non-current debt securities 17.29 0
Interest on other non-current investments 0.07 0.16
Total interest income on non-current investments 115.77 81.49
Total interest income 115.77 81.49
Dividend income [Abstract]
Total dividend income 0 0
Other non-operating income [Abstract]
Miscellaneous other non-operating income (A) 100.15 (B) 78.33
Total other non-operating income 100.15 78.33
Total other income 215.92 159.82
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Interest expense other borrowings 1,557.95 1,325.1
Other interest charges 54.72 43.67
Total interest expense 1,612.67 1,368.77
Other borrowing costs 60.32 38.24
Total finance costs 1,672.99 1,407.01
Employee benefit expense [Abstract]
Salaries and wages 402.1 314.34
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Total remuneration to directors 0 0
Total managerial remuneration 0 0
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 4.1 4.83
Total contribution to provident and other funds 4.1 4.83
Gratuity 8.54 7.22
Staff welfare expense 1.81 0.15
Other employee related expenses 51.52 14.56
Total employee benefit expense 468.07 341.1
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 855.74 697.61
Total depreciation, depletion and amortisation expense 855.74 697.61
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 0 0
Power and fuel 1.22 1.17
Rent 20.74 16.87
Repairs to building 0 0
Repairs to machinery 0 0
Insurance 44.81 42.27
Rates and taxes excluding taxes on income [Abstract]
Other cess taxes 37.1 9.15
Total rates and taxes excluding taxes on income 37.1 9.15
Telephone postage 5.27 5.68

135
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Printing stationery 1.2 0.43

Travelling conveyance 27.16 13.65
Legal professional charges 41.47 33.15
Training recruitment expenses 3.23 1.06
Directors sitting fees 0 0
Loss on disposal of intangible Assets 0 0
Loss on disposal, discard, demolishment and destruction of
0 0
depreciable property plant and equipment
Payments to auditor [Abstract]
Payment for audit services 18.5 9.98
Payment for taxation matters 1.56 1.86
Payment for other services 0.09 0.27
Payment for reimbursement of expenses 0 0.02
Total payments to auditor 20.15 12.13
CSR expenditure 4.98 4.48

Miscellaneous expenses (C) 165.1 (D) 119.2

Total other expenses 372.43 259.24
Current tax [Abstract]
Current tax pertaining to current year 38.79 9.98
Total current tax 38.79 9.98

Footnotes
(A) Gain on sale of investments in mutual funds measured at fair value through profit or loss : 7.67 Interest Income - amortisation of
financial liability : 1.14 Gain on financial assets classified at FVTPL: 1.20 Gains on modification of contractual cashflows: 0 Net
loss on foreign currency transactions and translations : 18.27 Interest on income tax refund : 6.22 Sundry balances written back: 2.45
Gain on loss of control: 54.01 Other non operating income:9.19
(B) Gain on sale of investments in mutual funds measured at fair value through profit or loss : 2.35 Interest Income - amortisation of
financial liability : 1.27 Gain on financial assets classified at FVTPL: 0 Gains on modification of contractual cashflows: 57.9 Net
loss on foreign currency transactions and translations :0 Interest on income tax refund : 0.45 Sundry balances written back: 7.55 Gain
on loss of control: 0 Other non operating income: 8.81
(C) Fund raising cost: 0 Referral fees: 41.20 Net loss on foreign currency transactions:0 Marketing and business development
expenses: 4.30 Loss on assets sold/written off: 19.22 Bad debts written off: 2.48 Allowances for doubtful assets: 48.50 Mis.
Expenses: 49.40
(D) Fund raising cost: 2.2 Referral fees: 35.84 Net loss on foreign currency transactions:14.05 Marketing and business development
expenses: 2.91 Loss on assets sold/written off: 0.65 Bad debts written off: 13.43 Allowances for doubtful assets: 7.47 Mis. Expenses:
42.65

[613200] Notes - Cash flow statement

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of cash flow statement [TextBlock]
Cash and cash equivalents cash flow statement 519.54 692.73 450.91
Cash and cash equivalents 519.54 692.73
Income taxes paid (refund), classified as operating activities 71.68 48.05
Total income taxes paid (refund) 71.68 48.05

136
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[500200] Notes - Additional information statement of profit and loss

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Additional information on profit and loss account explanatory [TextBlock]
Share of profit (loss) of associates accounted for using equity
5.05 0.16
method
Total share of profit (loss) of associates and joint ventures
5.05 0.16
accounted for using equity method
Total changes in inventories of finished goods, work-in-progress and
0 0
stock-in-trade
Exceptional items before tax (A) -124.28 (B) -14.11
Total exceptional items -124.28 -14.11
Loss on conversion and
Details of nature of exceptional items revaluation of Loss on on sale of land
CCPS
Domestic sale manufactured goods 7.05 0
Total domestic turnover goods, gross 7.05 0
Total revenue from sale of products 7.05 0
Domestic revenue services 6,991.7 6,206.4
Total revenue from sale of services 6,991.7 6,206.4
Gross value of transaction with related parties 0 0
Bad debts of related parties 0 0

Footnotes
(A) Loss on conversion and revaluation of CCPS
(B) Loss on on sale of land

137
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[611200] Notes - Fair value measurement

Disclosure of fair value measurement of assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Recurring fair
value
Measurement [Axis] At fair value [Member]
measurement
[Member]
Classes of assets
Classes of assets [Axis] Classes of assets [Member]
[Member]
All levels of fair
Levels of fair value hierarchy [Axis] All levels of fair value hierarchy [Member] value hierarchy
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of fair value measurement of assets
[Abstract]
Disclosure of fair value measurement of assets
[Line items]
Assets 26.9 11.29 240.4 26.9
Refer to child
Nature of other assets Refer to child member Refer to child member
member
Description of valuation techniques used in Refer to child
Refer to child member Refer to child member
fair value measurement, assets member
Reconciliation of changes in fair value
measurement, assets [Abstract]
Changes in fair value measurement, assets
[Abstract]
Gains (losses) recognised in profit
or loss, fair value measurement, 15.61 -229.11 15.61
assets
Total increase (decrease) in fair value
15.61 -229.11 15.61
measurement, assets
Assets at end of period 26.9 11.29 240.4 26.9
Description of line items in profit or loss
Refer to child
where gains (losses) are recognised, fair Refer to child member Refer to child member
member
value measurement, assets
Description of line items in other
Refer to child
comprehensive income where gains (losses) are Refer to child member Refer to child member
member
recognised, fair value measurement, assets
Refer to child
Nature of other assets Refer to child member Refer to child member
member

138
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of fair value measurement of assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Measurement [Axis] Recurring fair value measurement [Member]
Classes of assets [Axis] Classes of assets [Member] Other assets [Member]
All levels of fair value hierarchy All levels of fair value hierarchy
Levels of fair value hierarchy [Axis]
[Member] [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of fair value measurement of assets
[Abstract]
Disclosure of fair value measurement of assets
[Line items]
Assets 11.29 240.4 26.9 11.29
Refer to child Refer to child
Nature of other assets Refer to child member
member member
Description of valuation techniques used in Refer to child Refer to child
Refer to child member
fair value measurement, assets member member
Reconciliation of changes in fair value
measurement, assets [Abstract]
Changes in fair value measurement, assets
[Abstract]
Gains (losses) recognised in profit
or loss, fair value measurement, -229.11 15.61 -229.11
assets
Total increase (decrease) in fair value
-229.11 15.61 -229.11
measurement, assets
Assets at end of period 11.29 240.4 26.9 11.29
Description of line items in profit or loss
Refer to child Refer to child
where gains (losses) are recognised, fair Refer to child member
member member
value measurement, assets
Description of line items in other
Refer to child Refer to child
comprehensive income where gains (losses) are Refer to child member
member member
recognised, fair value measurement, assets
Refer to child Refer to child
Nature of other assets Refer to child member
member member

Disclosure of fair value measurement of assets [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Measurement [Axis] Recurring fair value measurement [Member]
Other assets
Classes of assets [Axis] Other assets 1 [Member]
[Member]
All levels of fair
Levels of fair value hierarchy [Axis] value hierarchy All levels of fair value hierarchy [Member]
[Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of fair value measurement of assets
[Abstract]
Disclosure of fair value measurement of assets
[Line items]
Assets 240.4 11.57 0 240.4
Nature of other assets Refer to child member Refer to child member
Description of valuation techniques used in
Refer to child member Refer to child member
fair value measurement, assets
Reconciliation of changes in fair value
measurement, assets [Abstract]
Changes in fair value measurement, assets
[Abstract]
Gains (losses) recognised in profit
or loss, fair value measurement, 11.57 -240.4
assets
Total increase (decrease) in fair value
11.57 -240.4
measurement, assets
Assets at end of period 240.4 11.57 0 240.4
Description of line items in profit or loss
where gains (losses) are recognised, fair Refer to child member Refer to child member
value measurement, assets
Description of line items in other
comprehensive income where gains (losses) are Refer to child member Refer to child member
recognised, fair value measurement, assets
Nature of other assets Refer to child member Refer to child member

139
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of fair value measurement of assets [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Measurement [Axis] Recurring fair value measurement [Member]
Other assets 2
Classes of assets [Axis] Other assets 1 [Member]
[Member]
All levels of fair
Levels of fair value hierarchy [Axis] Level 1 of fair value hierarchy [Member] value hierarchy
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of fair value measurement of assets
[Abstract]
Disclosure of fair value measurement of assets
[Line items]
Assets 11.57 0 240.4 15.33
Refer to child
Nature of other assets Investment Investment
member
Description of valuation techniques used in Fair value through Profit Fair value through Profit Refer to child
fair value measurement, assets and loss and loss member
Reconciliation of changes in fair value
measurement, assets [Abstract]
Changes in fair value measurement, assets
[Abstract]
Gains (losses) recognised in profit
or loss, fair value measurement, 11.57 -240.4 4.04
assets
Total increase (decrease) in fair value
11.57 -240.4 4.04
measurement, assets
Assets at end of period 11.57 0 240.4 15.33
Description of line items in profit or loss Gain on sale of Gain on sale of investments
investments in mutual in mutual funds measured at Refer to child
where gains (losses) are recognised, fair funds measured at fair fair value through profit or member
value measurement, assets value through profit or loss loss
Description of line items in other
Refer to child
comprehensive income where gains (losses) are Not Applicable Not Applicable
member
recognised, fair value measurement, assets
Refer to child
Nature of other assets Investment Investment
member

140
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of fair value measurement of assets [Table] ..(5)

Unless otherwise specified, all monetary values are in Millions of INR
Measurement [Axis] Recurring fair value measurement [Member]
Classes of assets [Axis] Other assets 2 [Member]
All levels of fair value hierarchy Level 2 of fair value hierarchy
Levels of fair value hierarchy [Axis]
[Member] [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of fair value measurement of assets
[Abstract]
Disclosure of fair value measurement of assets
[Line items]
Assets 11.29 0 4.21 1.29
Forward contract Forward contract
Nature of other assets Refer to child member
receivable receivable
Description of valuation techniques used in Fair value through Fair value through
Refer to child member
fair value measurement, assets Profit and loss Profit and loss
Reconciliation of changes in fair value
measurement, assets [Abstract]
Changes in fair value measurement, assets
[Abstract]
Gains (losses) recognised in profit
or loss, fair value measurement, 11.29 2.92 1.29
assets
Total increase (decrease) in fair value
11.29 2.92 1.29
measurement, assets
Assets at end of period 11.29 0 4.21 1.29
Description of line items in profit or loss
where gains (losses) are recognised, fair Refer to child member Other income Other income
value measurement, assets
Description of line items in other
comprehensive income where gains (losses) are Refer to child member Not Applicable Not Applicable
recognised, fair value measurement, assets
Forward contract Forward contract
Nature of other assets Refer to child member
receivable receivable

Disclosure of fair value measurement of assets [Table] ..(6)

Unless otherwise specified, all monetary values are in Millions of INR
Measurement [Axis] Recurring fair value measurement [Member]
Classes of assets [Axis] Other assets 2 [Member]
Level 2 of fair
Levels of fair value hierarchy [Axis] value hierarchy Level 3 of fair value hierarchy [Member]
[Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of fair value measurement of assets
[Abstract]
Disclosure of fair value measurement of assets
[Line items]
Assets 0 11.12 10 0
Nature of other assets Investment in AIF trust Investment in AIF trust
Description of valuation techniques used in Fair value through Profit Fair value through Profit
fair value measurement, assets and loss and loss
Reconciliation of changes in fair value
measurement, assets [Abstract]
Changes in fair value measurement, assets
[Abstract]
Gains (losses) recognised in profit
or loss, fair value measurement, 1.12 10
assets
Total increase (decrease) in fair value
1.12 10
measurement, assets
Assets at end of period 0 11.12 10 0
Description of line items in profit or loss
where gains (losses) are recognised, fair Other income Other income
value measurement, assets
Description of line items in other
comprehensive income where gains (losses) are Not Applicable Not Applicable
recognised, fair value measurement, assets
Nature of other assets Investment in AIF trust Investment in AIF trust

141
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of significant unobservable inputs used in fair value measurement of liabilities [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Recurring fair value measurement
Measurement [Axis] At fair value [Member]
[Member]
Classes of liabilities [Axis] 1 1
Valuation techniques used in fair value measurement [Axis] Valuation techniques [Member] Valuation techniques [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Refer to child Refer to child Refer to child Refer to child
Nature of liabilities member member member member
Disclosure of significant unobservable inputs
used in fair value measurement of liabilities
[Abstract]
Disclosure of significant unobservable
inputs used in fair value measurement of
liabilities [Line items]
Refer to child Refer to child Refer to child Refer to child
Nature of liabilities member member member member

Disclosure of fair value measurement of liabilities [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Recurring fair
value
Measurement [Axis] At fair value [Member]
measurement
[Member]
Classes of liabilities [Axis] 1 1
All levels of fair
Levels of fair value hierarchy [Axis] All levels of fair value hierarchy [Member] value hierarchy
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of fair value measurement of liabilities
[Abstract]
Disclosure of fair value measurement of
liabilities [Line items]
Refer to child
Nature of liabilities Refer to child member Refer to child member
member
Liabilities 7,464.33 7,464.33 0 7,464.33
Description of valuation techniques used in Refer to child
Refer to child member Refer to child member
fair value measurement, liabilities member
Reconciliation of changes in fair value
measurement, liabilities [Abstract]
Changes in fair value measurement,
liabilities [Abstract]
Losses (gains) recognised in profit
or loss, fair value measurement, 0 -7,464.33 0
liabilities
Total increase (decrease) in fair value
0 7,464.33 0
measurement, liabilities
Liabilities at end of period 7,464.33 7,464.33 0 7,464.33
Description of line items in profit or loss
Refer to child
where gains (losses) are recognised, fair Refer to child member Refer to child member
member
value measurement, liabilities
Description of line items in other
comprehensive income where gains (losses) are Refer to child
Refer to child member Refer to child member
recognised, fair value measurement, member
liabilities
Refer to child
Nature of liabilities Refer to child member Refer to child member
member

142
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of fair value measurement of liabilities [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Measurement [Axis] Recurring fair value measurement [Member]
Classes of liabilities [Axis] 1
All levels of fair value hierarchy Level 3 of fair value hierarchy
Levels of fair value hierarchy [Axis]
[Member] [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of fair value measurement of liabilities
[Abstract]
Disclosure of fair value measurement of
liabilities [Line items]
Nature of liabilities Refer to child member Financial Liabilities Financial Liabilities
Liabilities 7,464.33 0 7,464.33 7,464.33
Description of valuation techniques used in Textual information Textual information
Refer to child member
fair value measurement, liabilities (13) [See below] (14) [See below]
Reconciliation of changes in fair value
measurement, liabilities [Abstract]
Changes in fair value measurement,
liabilities [Abstract]
Losses (gains) recognised in profit
or loss, fair value measurement, -7,464.33 0 -7,464.33
liabilities
Total increase (decrease) in fair value
7,464.33 0 7,464.33
measurement, liabilities
Liabilities at end of period 7,464.33 0 7,464.33 7,464.33
Description of line items in profit or loss
where gains (losses) are recognised, fair Refer to child member 0 0
value measurement, liabilities
Description of line items in other
comprehensive income where gains (losses) are
Refer to child member 0 0
recognised, fair value measurement,
liabilities
Nature of liabilities Refer to child member Financial Liabilities Financial Liabilities

Disclosure of fair value measurement of liabilities [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Recurring fair
value
Measurement [Axis]
measurement
[Member]
Classes of liabilities [Axis] 1
Level 3 of fair
Levels of fair value hierarchy [Axis] value hierarchy
[Member]
31/03/2020
Disclosure of fair value measurement of liabilities [Abstract]
Disclosure of fair value measurement of liabilities [Line items]
Liabilities 0
Reconciliation of changes in fair value measurement, liabilities [Abstract]
Liabilities at end of period 0

Disclosure of significant unobservable inputs used in fair value measurement of assets [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Recurring fair value measurement
Measurement [Axis] At fair value [Member]
[Member]
Classes of assets [Axis] Classes of assets [Member] Classes of assets [Member]
Valuation techniques used in fair value measurement [Axis] Valuation techniques [Member] Valuation techniques [Member]
Range [Axis] Ranges [Member] Ranges [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Refer to child Refer to child Refer to child Refer to child
Nature of other assets member member member member
Disclosure of significant unobservable inputs
used in fair value measurement of assets
[Abstract]
Disclosure of significant unobservable
inputs used in fair value measurement of
assets [Line items]
Refer to child Refer to child Refer to child Refer to child
Nature of other assets member member member member

143
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of significant unobservable inputs used in fair value measurement of assets [Table] ..(2)
Unless otherwise specified, all monetary values are in Millions of INR
Measurement [Axis] Recurring fair value measurement [Member]
Classes of assets [Axis] Other assets [Member] Other assets 1 [Member]
Valuation techniques used in fair value measurement [Axis] Valuation techniques [Member] Valuation techniques [Member]
Range [Axis] Ranges [Member] Ranges [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Refer to child Refer to child Refer to child Refer to child
Nature of other assets member member member member
Disclosure of significant unobservable inputs
used in fair value measurement of assets
[Abstract]
Disclosure of significant unobservable
inputs used in fair value measurement of
assets [Line items]
Refer to child Refer to child Refer to child Refer to child
Nature of other assets member member member member

Disclosure of significant unobservable inputs used in fair value measurement of assets [Table] ..(3)
Unless otherwise specified, all monetary values are in Millions of INR
Measurement [Axis] Recurring fair value measurement [Member]
Classes of assets [Axis] Other assets 1 [Member]
Valuation techniques used in fair value measurement [Axis] Income approach [Member] Option pricing model [Member]
Range [Axis] Ranges [Member] Ranges [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Refer to child Refer to child Refer to child Refer to child
Nature of other assets member member member member
Disclosure of significant unobservable inputs
used in fair value measurement of assets
[Abstract]
Disclosure of significant unobservable
inputs used in fair value measurement of
assets [Line items]
Refer to child Refer to child Refer to child Refer to child
Nature of other assets member member member member

Disclosure of significant unobservable inputs used in fair value measurement of assets [Table] ..(4)
Unless otherwise specified, all monetary values are in Millions of INR
Measurement [Axis] Recurring fair value measurement [Member]
Classes of assets [Axis] Other assets 1 [Member] Other assets 2 [Member]
Valuation techniques used in fair value measurement [Axis] Option pricing model [Member] Valuation techniques [Member]
Range [Axis] Weighted average [Member] Ranges [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Refer to child Refer to child
Nature of other assets Investment Investment
member member
Disclosure of significant unobservable inputs
used in fair value measurement of assets
[Abstract]
Disclosure of significant unobservable
inputs used in fair value measurement of
assets [Line items]
Refer to child Refer to child
Nature of other assets Investment Investment
member member

144
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of significant unobservable inputs used in fair value measurement of assets [Table] ..(5)
Unless otherwise specified, all monetary values are in Millions of INR
Measurement [Axis] Recurring fair value measurement [Member]
Classes of assets [Axis] Other assets 2 [Member]
Valuation techniques used in fair value measurement [Axis] Income approach [Member] Option pricing model [Member]
Range [Axis] Ranges [Member] Ranges [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Refer to child Refer to child Refer to child Refer to child
Nature of other assets member member member member
Disclosure of significant unobservable inputs
used in fair value measurement of assets
[Abstract]
Disclosure of significant unobservable
inputs used in fair value measurement of
assets [Line items]
Refer to child Refer to child Refer to child Refer to child
Nature of other assets member member member member

Disclosure of significant unobservable inputs used in fair value measurement of assets [Table] ..(6)
Unless otherwise specified, all monetary values are in Millions of INR
Recurring fair value measurement
Measurement [Axis]
[Member]
Classes of assets [Axis] Other assets 2 [Member]
Valuation techniques used in fair value measurement [Axis] Option pricing model [Member]
Range [Axis] Weighted average [Member]
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Investment in AIF
Investment in AIF &
& Forward
Nature of other assets COntract
Forward COntract
Receivable
Receivable
Disclosure of significant unobservable inputs used in fair value measurement of assets
[Abstract]
Disclosure of significant unobservable inputs used in fair value measurement of
assets [Line items]
Investment in AIF
Investment in AIF &
& Forward
Nature of other assets COntract
Forward COntract
Receivable
Receivable

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of fair value measurement [TextBlock]
Disclosure of fair value measurement of assets [TextBlock]
Whether assets have been measured at fair value Yes Yes
Disclosure of fair value measurement of liabilities [TextBlock]
Whether liabilities have been measured at fair value Yes Yes
Disclosure of fair value measurement of equity [TextBlock]
Whether equity have been measured at fair value No No
Disclosure of significant unobservable inputs used in fair value
measurement of assets [TextBlock]
Disclosure of significant unobservable inputs used in fair value
measurement of liabilities [TextBlock]

Textual information (13)

Description of valuation techniques used in fair value measurement, liabilities

Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss include financial liabilities
designated upon initial recognition as at fair value through profit or loss. Financial liabilities designated upon initial recognition at fair value
through profit or loss are designated as such at the initial date of recognition, and only if the criteria in Ind AS 109 are satisfied.

145
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Textual information (14)

Description of valuation techniques used in fair value measurement, liabilities

Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss include financial liabilities
designated upon initial recognition as at fair value through profit or loss. Financial liabilities designated upon initial recognition at fair value
through profit or loss are designated as such at the initial date of recognition, and only if the criteria in Ind AS 109 are satisfied.

[613300] Notes - Operating segments

Disclosure of reportable segments [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Entity's reportable segments [Axis] Reportable segments 1 [Member] Reportable segments 2 [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of reportable segments [Abstract]
Disclosure of reportable segments [Line items]
Solar power Maintenance and Maintenance and
Nature of reportable segment projects
Solar power projects
other services other services
Revenue primary reportable segment 9,625.87 7,574.14 386.58 304.06
Total revenues from external customers and
transactions with other reportable segments 9,625.87 7,574.14 386.58 304.06
of same enterprise reportable segment
Interest revenue expense reportable segment
[Abstract]
Interest expense reportable segment 64.54 26.61 0 0
Total interest income (expense) reportable
-64.54 -26.61 0 0
segment
Depreciation and amortisation expense
0 0 67.7 16.29
reportable segment
Other material non-cash items reportable segment 0 0.12 0 0.85
Profit (loss) reportable segment 831.27 414.49 54.6 63.39
Assets reportable segment 6,045.41 3,095.77 2,282.91 2,350.18
Liabilities reportable segment 6,213.45 3,548.85 2,204.44 1,582.23

Disclosure of reportable segments [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Entity's reportable segments [Axis] Reportable segments 3 [Member] Material reconciling items [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of reportable segments [Abstract]
Disclosure of reportable segments [Line items]
Refer to child Refer to child
Nature of reportable segment Power sale Power sale
member member
Revenue primary reportable segment (A) 3,673.04 2,998.97 -6,668.23 -4,664.52
Total revenues from external customers and
transactions with other reportable segments 3,673.04 2,998.97 -6,668.23 -4,664.52
of same enterprise reportable segment
Interest revenue expense reportable segment
[Abstract]
Interest expense reportable segment 0 0
Total interest income (expense) reportable
0 0
segment
Depreciation and amortisation expense
(B) 765.73 654.07 22.31 27.25
reportable segment
Other material non-cash items reportable segment (C) 117.9 57.54 89.1 28.85
Profit (loss) reportable segment (D) 667.68 677.14 -611.98 -702.23
Assets reportable segment (E) 30,910.38 23,055.06 -1,546.03 -1,877.03
Liabilities reportable segment (F) 21,718 17,199.06 -6,272.1 2,850.39

146
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Footnotes
(A) : 3673.04
(B) : 765.73
(C) : 117.9
(D) : 667.68
(E) : 30910.38
(F) : 21718

Disclosure of reportable segments [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Elimination of intersegment amounts
Entity's reportable segments [Axis] Unallocated amounts [Member]
[Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of reportable segments [Abstract]
Disclosure of reportable segments [Line items]
Nature of reportable segment OTHERS OTHERS Other unallocable Other unallocable
Revenue primary reportable segment -6,668.23 -4,670.77 0 6.25
Total revenues from external customers and
transactions with other reportable segments -6,668.23 -4,670.77 0 6.25
of same enterprise reportable segment
Depreciation and amortisation expense
22.31 27.25
reportable segment
Other material non-cash items reportable segment 89.1 28.85
Profit (loss) reportable segment -347.57 -365.95 -264.41 -336.28
Assets reportable segment -7,154.88 -5,507.02 5,608.85 3,629.99
Liabilities reportable segment -7,154.88 -5,507.02 882.78 8,357.41

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of entity's operating segments [TextBlock]
Disclosure of reportable segments [TextBlock]
Whether there are any reportable segments Yes Yes
Disclosure of major customers [TextBlock]
Whether there are any major customers No No

[610700] Notes - Business combinations

Disclosure of reconciliation of changes in goodwill [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Business combinations [Axis] 1
Accumulated
Carrying amount, accumulated depreciation, amortisation and
Gross carrying amount [Member] impairment
impairment and gross carrying amount [Axis]
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of reconciliation of changes in goodwill
[Abstract]
Disclosure of reconciliation of changes in
goodwill [Line items]
Clean Max Enviro Clean Max Enviro
Clean Max Enviro Energy
Name of acquiree Energy Solutions Private
Solutions Private Limited
Energy Solutions
Limited Private Limited
Reconciliation of changes in goodwill [Abstract]
Changes in goodwill [Abstract]
Additional recognition, goodwill 15.6 0 0
Increase (decrease) through transfers
0 0 0
and other changes
Total increase (decrease) in goodwill 15.6 0 0
Goodwill at end of period 15.6 0 0 0

147
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of reconciliation of changes in goodwill [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Business combinations [Axis] 1
Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount
Accumulated impairment [Member]
[Axis]
01/04/2020
to 31/03/2020
31/03/2021
Disclosure of reconciliation of changes in goodwill [Abstract]
Disclosure of reconciliation of changes in goodwill [Line items]
Clean Max Enviro Energy
Name of acquiree Solutions Private Limited
Reconciliation of changes in goodwill [Abstract]
Changes in goodwill [Abstract]
Additional recognition, goodwill 0
Increase (decrease) through transfers and other changes 0
Total increase (decrease) in goodwill 0
Goodwill at end of period 0 0

Disclosure of detailed information about business combination [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Business combinations [Axis] 1
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of detailed information about business combination [Abstract]
Disclosure of detailed information about business combination [Line items]
Clean Max Enviro Clean Max Enviro
Name of acquiree Energy Solutions Energy Solutions
Private Limite Private Limite
Date of acquisition 02/04/2021 01/04/2020
Percentage of voting equity interests acquired 100.00% 100.00%
Acquisition-date fair value of total consideration transferred [Abstract]
Cash transferred 15.6 0
Total consideration transferred, acquisition-date fair value 15.6 0
Amounts recognised as of acquisition date for each major class of assets
acquired and liabilities assumed [Abstract]
Net identifiable assets acquired (liabilities assumed) 0 0
Clean Max Enviro Clean Max Enviro
Name of acquiree Energy Solutions Energy Solutions
Private Limite Private Limite

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of business combinations [TextBlock]
Whether there is any business combination No No
Disclosure of detailed information about business combinations [TextBlock]
Disclosure of reconciliation of changes in goodwill [TextBlock]
Whether there is any goodwill arising out of business combination Yes Yes
Disclosure of transactions recognised separately from acquisition
of assets and assumption of liabilities in business combination
[TextBlock]
Disclosure of acquired receivables [TextBlock]
Whether there are any acquired receivables from business combination No No
Disclosure of contingent liabilities in business combination [TextBlock]
Whether there are any contingent liabilities in business combination No No

148
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[611500] Notes - Interests in other entities

Disclosure of details of subsidiaries [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 1 2
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries
[Abstract]
Disclosure of subsidiaries
[Line items]
CLEAN MAX COGEN CLEAN MAX COGEN
CMES POWER 2 CMES POWER 2
Name of subsidiary SOLUTIONS PRIVATE SOLUTIONS PRIVATE
PRIVATE LIMITED PRIVATE LIMITED
LIMITED LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary
Permanent account number
of subsidiary AAECC2039E AAECC2039E AAHCC3269M AAHCC3269M
company
CIN of subsidiary company U93030MH2010PTC210319 U93030MH2010PTC210319 U74110MH2017PTC302997 U74110MH2017PTC302997
Section under which
Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
company became subsidiary
Whether subsidiary has filed
No Yes Yes Yes
balance sheet
SRN of filing of balance
T65377103 F37679123 T66351438
sheet by subsidiary
Reason if no filing has been
made by In Process
subsidiary
Whether financial year of
subsidiary
different from financial year No No No No
of
holding company
Financial year of subsidiary
[Abstract]
Start date of accounting
period of 01/04/2021 01/04/2020 01/04/2021 01/04/2020
subsidiary
End date of accounting
period of 31/03/2022 31/03/2021 31/03/2022 31/03/2021
subsidiary
Percentage of shareholding
100.00% 100.00% 100.00% 100.00%
in subsidiary
Key information about
subsidiary [Abstract]
Reporting currency of
INR INR INR INR
subsidiary
Exchange rate as
1 1 1 1
applicable for subsidiary
Share capital of subsidiary
1.47 1.47 0.1 0.1

Reserves and surplus of

71.7 78.65 -92.63 -60.69
subsidiary
Total assets of subsidiary 149.69 141.44 258.2 265.9
Total liabilities of
76.5 61.3 258.2 326.49
subsidiary
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 99.74 96.89 0 0
Profit before tax of
39.66 42.63 -31.93 -28.45
subsidiary
Provision for tax of
10.61 16.63 0 0
subsidiary
Profit after tax of
29.04 25.97 -31.93 -28.45
subsidiary
Proposed dividend of
36 0 0 0
subsidiary
CLEAN MAX COGEN CLEAN MAX COGEN
CMES POWER 2 CMES POWER 2
Name of subsidiary SOLUTIONS PRIVATE SOLUTIONS PRIVATE
PRIVATE LIMITED PRIVATE LIMITED
LIMITED LIMITED

149
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary
Permanent account number
of subsidiary AAECC2039E AAECC2039E AAHCC3269M AAHCC3269M
company
CIN of subsidiary company U93030MH2010PTC210319 U93030MH2010PTC210319 U74110MH2017PTC302997 U74110MH2017PTC302997

150
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 3 4
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries
[Abstract]
Disclosure of subsidiaries
[Line items]
CMES INFINITY CMES INFINITY CMES SATURN PRIVATE CMES SATURN PRIVATE
Name of subsidiary PRIVATE LIMITED PRIVATE LIMITED LIMITED LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary
Permanent account number
of subsidiary AAHCC7643R AAHCC7643R AAHCC7341N AAHCC7341N
company
CIN of subsidiary company U74999MH2018PTC314925 U74999MH2018PTC314925 U74999MH2018PTC313713 U74999MH2018PTC313713
Section under which
Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
company became subsidiary
Whether subsidiary has filed
Yes Yes Yes Yes
balance sheet
SRN of filing of balance
F39406517 T67183517 F36619591 T67518001
sheet by subsidiary
Whether financial year of
subsidiary
different from financial year No No No No
of
holding company
Financial year of subsidiary
[Abstract]
Start date of accounting
period of 01/04/2021 01/04/2020 01/04/2021 01/04/2020
subsidiary
End date of accounting
period of 31/03/2022 31/03/2021 31/03/2022 31/03/2021
subsidiary
Percentage of shareholding
100.00% 100.00% 100.00% 100.00%
in subsidiary
Key information about
subsidiary [Abstract]
Reporting currency of
INR INR INR INR
subsidiary
Exchange rate as
1 1 1 1
applicable for subsidiary
Share capital of subsidiary
30.57 30.57 0.1 0.1

Reserves and surplus of

104.03 120.13 -9.91 -7.25
subsidiary
Total assets of subsidiary 915.27 968.9 17.03 17.68
Total liabilities of
780.66 818.19 17.03 24.84
subsidiary
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 114.85 111.6 0 0
Profit before tax of
-21.34 6.51 -2.65 -2.44
subsidiary
Provision for tax of
-5.24 -1.62 0 0
subsidiary
Profit after tax of
-16.1 -4.89 -2.65 -2.44
subsidiary
Proposed dividend of
0 0 0 0
subsidiary
CMES INFINITY CMES INFINITY CMES SATURN PRIVATE CMES SATURN PRIVATE
Name of subsidiary PRIVATE LIMITED PRIVATE LIMITED LIMITED LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary
Permanent account number
of subsidiary AAHCC7643R AAHCC7643R AAHCC7341N AAHCC7341N
company
CIN of subsidiary company U74999MH2018PTC314925 U74999MH2018PTC314925 U74999MH2018PTC313713 U74999MH2018PTC313713

151
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 5 6
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
CMES Universe
Name of subsidiary LLP
CMES Universe LLP CMES URJA LLP CMES URJA LLP

Country of incorporation or residence of

INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAPFC7010F AAPFC7010F AAPFC7009Q AAPFC7009Q
company
Section under which company became subsidiary Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
Whether subsidiary has filed balance sheet No No No No
Reason if no filing has been made by
Being LLP Being LLP Being LLP Being LLP
subsidiary
Whether financial year of subsidiary
different from financial year of No No No No
holding company
Financial year of subsidiary [Abstract]
Start date of accounting period of
01/04/2021 01/04/2020 01/04/2021 01/04/2020
subsidiary
End date of accounting period of
31/03/2022 31/03/2021 31/03/2022 31/03/2021
subsidiary
Percentage of shareholding in subsidiary 100.00% 100.00% 100.00% 100.00%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary INR INR INR INR
Exchange rate as applicable for subsidiary 1 1 1 1
Share capital of subsidiary 0.1 0.1 0.1 0.1
Reserves and surplus of subsidiary -0.23 -0.18 -0.22 -0.18
Total assets of subsidiary 0.06 0.11 0.04 0.07
Total liabilities of subsidiary 0.06 0.2 0.04 0.15
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 0 0 0 0
Profit before tax of subsidiary -0.04 -0.03 -0.04 -0.03
Provision for tax of subsidiary 0 0 0 0
Profit after tax of subsidiary -0.04 -0.03 -0.04 -0.03
Proposed dividend of subsidiary 0 0 0 0
CMES Universe
Name of subsidiary LLP
CMES Universe LLP CMES URJA LLP CMES URJA LLP

Country of incorporation or residence of

INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAPFC7010F AAPFC7010F AAPFC7009Q AAPFC7009Q
company

152
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 7 8
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries
[Abstract]
Disclosure of subsidiaries
[Line items]
CHITRADURGA CHITRADURGA
RENEWABLE ENERGY RENEWABLE ENERGY CLEAN MAX SCORPIUS CLEAN MAX SCORPIUS
Name of subsidiary INDIA PRIVATE INDIA PRIVATE PRIVATE LIMITED PRIVATE LIMITED
LIMITED LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary
Permanent account number
of subsidiary AAHCC6319C AAHCC6319C AAICC7483L AAICC7483L
company
CIN of subsidiary company U74999KA2018PTC114028 U74999KA2018PTC114028 U40107MH2020PTC340476 U40107MH2020PTC340476
Section under which
Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
company became subsidiary
Whether subsidiary has filed
Yes Yes No Yes
balance sheet
SRN of filing of balance
F36608511 T65293235 T66353301
sheet by subsidiary
Reason if no filing has been
made by In Process
subsidiary
Whether financial year of
subsidiary
different from financial year No No No No
of
holding company
Financial year of subsidiary
[Abstract]
Start date of accounting
period of 01/04/2021 01/04/2020 01/04/2021 01/04/2020
subsidiary
End date of accounting
period of 31/03/2022 31/03/2021 31/03/2022 31/03/2021
subsidiary
Percentage of shareholding
100.00% 100.00% 74.00% 74.00%
in subsidiary
Key information about
subsidiary [Abstract]
Reporting currency of
INR INR INR INR
subsidiary
Exchange rate as
1 1 1 1
applicable for subsidiary
Share capital of subsidiary 0.1 0.1 0.66 0.5
Reserves and surplus of
-3.29 -4.26 617.37 386.64
subsidiary
Total assets of subsidiary 260.58 220.16 2,020.44 1,256.68
Total liabilities of
260.58 224.33 1,402.4 869.54
subsidiary
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 10.86 9.51 222.98 0
Profit before tax of
1.15 -0.62 44.53 -15.99
subsidiary
Provision for tax of
0.29 -0.15 7.47 -2.74
subsidiary
Profit after tax of
0.86 -0.47 37.05 -13.25
subsidiary
Proposed dividend of
0 0 0 0
subsidiary
CHITRADURGA CHITRADURGA
RENEWABLE ENERGY RENEWABLE ENERGY CLEAN MAX SCORPIUS CLEAN MAX SCORPIUS
Name of subsidiary INDIA PRIVATE INDIA PRIVATE PRIVATE LIMITED PRIVATE LIMITED
LIMITED LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary

153
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Permanent account number

of subsidiary AAHCC6319C AAHCC6319C AAICC7483L AAICC7483L
company
CIN of subsidiary company U74999KA2018PTC114028 U74999KA2018PTC114028 U40107MH2020PTC340476 U40107MH2020PTC340476

Disclosure of details of subsidiaries [Table] ..(5)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 9 10
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
CLEAN MAX ENERGY CLEAN MAX ENERGY
Clean Max Apollo Clean Max Apollo
Name of subsidiary Power LLP Power LLP
VENTURES PRIVATE VENTURES PRIVATE
LIMITED LIMITED
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAOFC9159N AAOFC9159N AAECC5179P AAECC5179P
company
CIN of subsidiary company U74110MH2011PTC216939 U74110MH2011PTC216939
Section under which company became
Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
subsidiary
Whether subsidiary has filed balance sheet No No Yes Yes
SRN of filing of balance sheet by subsidiary F36610194 T66923939
Reason if no filing has been made by
Being LLP
subsidiary
Whether financial year of subsidiary
different from financial year of No No No No
holding company
Financial year of subsidiary [Abstract]
Start date of accounting period of
01/04/2021 01/04/2020 01/04/2021 01/04/2020
subsidiary
End date of accounting period of
31/03/2022 31/03/2021 31/03/2022 31/03/2021
subsidiary
Percentage of shareholding in subsidiary 99.99% 99.99% 100.00% 100.00%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary INR INR INR INR
Exchange rate as applicable for subsidiary 1 1 1 1
Share capital of subsidiary 5.01 0.01 0.1 0.1
Reserves and surplus of subsidiary -4.15 -1.43 1.32 0.93
Total assets of subsidiary 0.88 63.42 2.78 3.23
Total liabilities of subsidiary 0.88 64.84 2.78 2.19
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 0 0 0.98 1.59
Profit before tax of subsidiary -2.71 -1.42 0.54 -0.11
Provision for tax of subsidiary 0 0 0.16 -0.04
Profit after tax of subsidiary -2.71 -1.42 0.38 -0.07
Proposed dividend of subsidiary 0 0 0 0
CLEAN MAX ENERGY CLEAN MAX ENERGY
Clean Max Apollo Clean Max Apollo
Name of subsidiary Power LLP Power LLP
VENTURES PRIVATE VENTURES PRIVATE
LIMITED LIMITED
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAOFC9159N AAOFC9159N AAECC5179P AAECC5179P
company
CIN of subsidiary company U74110MH2011PTC216939 U74110MH2011PTC216939

154
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(6)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 11 12
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries
[Abstract]
Disclosure of subsidiaries
[Line items]
CLEAN MAX POWER CLEAN MAX POWER
CLEANMAX IPP 1 CLEANMAX IPP 1
Name of subsidiary PROJECTS PRIVATE PROJECTS PRIVATE
PRIVATE LIMITED PRIVATE LIMITED
LIMITED LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary
Permanent account number
of subsidiary AAECC5177D AAECC5177D AAGCC8736Q AAGCC8736Q
company
CIN of subsidiary company U93030MH2011PTC216775 U93030MH2011PTC216775 U74999MH2017PTC292173 U74999MH2017PTC292173
Section under which
Section 2(87)(i) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
company became subsidiary
Whether subsidiary has filed
No Yes No Yes
balance sheet
SRN of filing of balance
T69065084 T63827299
sheet by subsidiary
Reason if no filing has been
made by In Process In Process
subsidiary
Whether financial year of
subsidiary
different from financial year No No No No
of
holding company
Financial year of subsidiary
[Abstract]
Start date of accounting
period of 01/04/2021 01/04/2020 01/04/2021 01/04/2020
subsidiary
End date of accounting
period of 31/03/2022 31/03/2021 31/03/2022 31/03/2021
subsidiary
Percentage of shareholding
100.00% 100.00% 99.99% 99.99%
in subsidiary
Key information about
subsidiary [Abstract]
Reporting currency of
INR INR INR INR
subsidiary
Exchange rate as
1 1 1 1
applicable for subsidiary
Share capital of subsidiary
2.61 2.61 13.11 13.11

Reserves and surplus of

491.06 462.98 1,525.34 1,468.27
subsidiary
Total assets of subsidiary 1,577.32 1,597.22 3,790.73 3,967.94
Total liabilities of
1,083.64 1,131.61 2,252.27 2,486.55
subsidiary
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 236.73 235.49 462.33 392.38
Profit before tax of
37.54 33.95 76.19 51.62
subsidiary
Provision for tax of
9.46 9.58 19.12 13.17
subsidiary
Profit after tax of
28.07 24.36 57.06 38.45
subsidiary
Proposed dividend of
0 0 0 0
subsidiary
CLEAN MAX POWER CLEAN MAX POWER
CLEANMAX IPP 1 CLEANMAX IPP 1
Name of subsidiary PROJECTS PRIVATE PROJECTS PRIVATE
PRIVATE LIMITED PRIVATE LIMITED
LIMITED LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary

155
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Permanent account number

of subsidiary AAECC5177D AAECC5177D AAGCC8736Q AAGCC8736Q
company
CIN of subsidiary company U93030MH2011PTC216775 U93030MH2011PTC216775 U74999MH2017PTC292173 U74999MH2017PTC292173

156
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(7)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 13 14
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries
[Abstract]
Disclosure of subsidiaries
[Line items]
CLEAN MAX MERCURY CLEAN MAX MERCURY
CLEANMAX IPP 2 CLEANMAX IPP 2
Name of subsidiary PRIVATE LIMITED PRIVATE LIMITED
POWER PRIVATE POWER PRIVATE
LIMITED LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary
Permanent account number
of subsidiary AAHCC1462C AAHCC1462C AAHCC1550F AAHCC1550F
company
CIN of subsidiary company U74999MH2017PTC298583 U74999MH2017PTC298583 U74999MH2017PTC298785 U74999MH2017PTC298785
Section under which
Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
company became subsidiary
Whether subsidiary has filed
No Yes Yes Yes
balance sheet
SRN of filing of balance
T65355968 F35926724 T65368094
sheet by subsidiary
Reason if no filing has been
made by In Process
subsidiary
Whether financial year of
subsidiary
different from financial year No No No No
of
holding company
Financial year of subsidiary
[Abstract]
Start date of accounting
period of 01/04/2021 01/04/2020 01/04/2021 01/04/2020
subsidiary
End date of accounting
period of 31/03/2022 31/03/2021 31/03/2022 31/03/2021
subsidiary
Percentage of shareholding
100.00% 100.00% 100.00% 100.00%
in subsidiary
Key information about
subsidiary [Abstract]
Reporting currency of
INR INR INR INR
subsidiary
Exchange rate as
1 1 1 1
applicable for subsidiary
Share capital of subsidiary
4.66 4.66 3.7 3.7

Reserves and surplus of

676.36 746.38 606.68 562.52
subsidiary
Total assets of subsidiary 2,009.94 2,127.35 2,062.89 2,161.39
Total liabilities of
1,328.91 1,999.96 1,452.51 1,595.16
subsidiary
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 339.26 338.07 329.31 348.49
Profit before tax of
88.29 76.95 59.01 62.54
subsidiary
Provision for tax of
21.87 18.91 14.86 18.86
subsidiary
Profit after tax of
66.42 58.04 44.15 43.68
subsidiary
Proposed dividend of
136.43 0 0 0
subsidiary
CLEAN MAX MERCURY CLEAN MAX MERCURY
CLEANMAX IPP 2 CLEANMAX IPP 2
Name of subsidiary PRIVATE LIMITED PRIVATE LIMITED
POWER PRIVATE POWER PRIVATE
LIMITED LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary

157
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Permanent account number

of subsidiary AAHCC1462C AAHCC1462C AAHCC1550F AAHCC1550F
company
CIN of subsidiary company U74999MH2017PTC298583 U74999MH2017PTC298583 U74999MH2017PTC298785 U74999MH2017PTC298785

158
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(8)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 15 16
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries
[Abstract]
Disclosure of subsidiaries
[Line items]
CLEAN MAX CLEAN MAX
CMES JUPITER PRIVATE CMES JUPITER PRIVATE
Name of subsidiary PHOTOVOLTAIC PHOTOVOLTAIC
LIMITED LIMITED
PRIVATE LIMITED PRIVATE LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary
Permanent account number
of subsidiary AAHCC1521A AAHCC1521A AAHCC2356D AAHCC2356D
company
CIN of subsidiary company U74999MH2017PTC298730 U74999MH2017PTC298730 U74110MH2017PTC300702 U74110MH2017PTC300702
Section under which
Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
company became subsidiary
Whether subsidiary has filed
No Yes Yes Yes
balance sheet
SRN of filing of balance
T63830947 F37561107 T65358558
sheet by subsidiary
Reason if no filing has been
made by In Process
subsidiary
Whether financial year of
subsidiary
different from financial year No No No No
of
holding company
Financial year of subsidiary
[Abstract]
Start date of accounting
period of 01/04/2021 01/04/2020 01/04/2021 01/04/2020
subsidiary
End date of accounting
period of 31/03/2022 31/03/2021 31/03/2022 31/03/2021
subsidiary
Percentage of shareholding
100.00% 100.00% 100.00% 100.00%
in subsidiary
Key information about
subsidiary [Abstract]
Reporting currency of
INR INR INR INR
subsidiary
Exchange rate as
1 1 1 1
applicable for subsidiary
Share capital of subsidiary
4.69 4.69 0.1 0.1

Reserves and surplus of

516.43 493.05 7.58 -2.25
subsidiary
Total assets of subsidiary 2,137.69 2,188.99 1,421.48 874.4
Total liabilities of
1,616.56 1,691.24 1,421.48 876.55
subsidiary
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 330.18 340.64 227.27 1.31
Profit before tax of
32.22 69.62 13.1 2.56
subsidiary
Provision for tax of
8.84 17.78 3.27 -0.64
subsidiary
Profit after tax of
23.38 51.83 9.83 1.92
subsidiary
Proposed dividend of
0 0 0 0
subsidiary
CLEAN MAX CLEAN MAX
CMES JUPITER PRIVATE CMES JUPITER PRIVATE
Name of subsidiary PHOTOVOLTAIC PHOTOVOLTAIC
LIMITED LIMITED
PRIVATE LIMITED PRIVATE LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary

159
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Permanent account number

of subsidiary AAHCC1521A AAHCC1521A AAHCC2356D AAHCC2356D
company
CIN of subsidiary company U74999MH2017PTC298730 U74999MH2017PTC298730 U74110MH2017PTC300702 U74110MH2017PTC300702

160
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(9)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 17 18
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries
[Abstract]
Disclosure of subsidiaries
[Line items]
CMES POWER 1 CMES POWER 1 CLEAN MAX BHOOMI CLEAN MAX BHOOMI
Name of subsidiary PRIVATE LIMITED PRIVATE LIMITED PRIVATE LIMITED PRIVATE LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary
Permanent account number
of subsidiary AAHCC2452N AAHCC2452N AAJCC1925E
company
CIN of subsidiary company U74999MH2017PTC300936 U74999MH2017PTC300936 U40106MH2020PTC352376 U40106MH2020PTC352376
Section under which
Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
company became subsidiary
Whether subsidiary has filed
Yes Yes Yes Yes
balance sheet
SRN of filing of balance
F39427059 T63823017 F36606838 T63821359
sheet by subsidiary
Whether financial year of
subsidiary
different from financial year No No No No
of
holding company
Financial year of subsidiary
[Abstract]
Start date of accounting
period of 01/04/2021 01/04/2020 01/04/2021 01/04/2020
subsidiary
End date of accounting
period of 31/03/2022 31/03/2021 31/03/2022 31/03/2021
subsidiary
Percentage of shareholding
100.00% 100.00% 100.00% 100.00%
in subsidiary
Key information about
subsidiary [Abstract]
Reporting currency of
INR INR INR INR
subsidiary
Exchange rate as
1 1 1 1
applicable for subsidiary
Share capital of subsidiary
23.53 23.53 0.01 0.01

Reserves and surplus of

47.43 54.26 -0.11 -0.04
subsidiary
Total assets of subsidiary 714.4 754.67 11.06 0.02
Total liabilities of
643.45 676.87 11.06 0.05
subsidiary
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 90.76 91.25 0 0
Profit before tax of
-8.85 -14.88 -0.07 -0.04
subsidiary
Provision for tax of
-2.02 -1.63 0 0
subsidiary
Profit after tax of
-6.83 -13.25 -0.07 -0.04
subsidiary
Proposed dividend of
0 0 0 0
subsidiary
CMES POWER 1 CMES POWER 1 CLEAN MAX BHOOMI CLEAN MAX BHOOMI
Name of subsidiary PRIVATE LIMITED PRIVATE LIMITED PRIVATE LIMITED PRIVATE LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary
Permanent account number
of subsidiary AAHCC2452N AAHCC2452N AAJCC1925E
company
CIN of subsidiary company U74999MH2017PTC300936 U74999MH2017PTC300936 U40106MH2020PTC352376 U40106MH2020PTC352376

161
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(10)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 19 20
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries
[Abstract]
Disclosure of subsidiaries
[Line items]
CLEAN MAX SURYA CLEAN MAX SURYA
CLEAN MAX KHANAK CLEAN MAX KHANAK
Name of subsidiary ENERGY PRIVATE ENERGY PRIVATE
PRIVATE LIMITED PRIVATE LIMITED
LIMITED LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary
Permanent account number
of subsidiary AAICC7186Q AAICC7186Q AAJCC1986F AAJCC1986F
company
CIN of subsidiary company U40106MH2020PTC339876 U40106MH2020PTC339876 U40200MH2020PTC352542 U40200MH2020PTC352542
Section under which
Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
company became subsidiary
Whether subsidiary has filed
Yes Yes Yes Yes
balance sheet
SRN of filing of balance
F37555216 T65361644 F38609384 T65359499
sheet by subsidiary
Whether financial year of
subsidiary
different from financial year No No No No
of
holding company
Financial year of subsidiary
[Abstract]
Start date of accounting
period of 01/04/2021 01/04/2020 01/04/2021 01/04/2020
subsidiary
End date of accounting
period of 31/03/2022 31/03/2021 31/03/2022 31/03/2021
subsidiary
Percentage of shareholding
100.00% 100.00% 74.00% 100.00%
in subsidiary
Key information about
subsidiary [Abstract]
Reporting currency of
INR INR INR INR
subsidiary
Exchange rate as
1 1 1 1
applicable for subsidiary
Share capital of subsidiary
0.1 0.1 0.1 0.01

Reserves and surplus of

0.22 -0.07 -0.22 -0.04
subsidiary
Total assets of subsidiary 6.1 0.5 288.65 0.02
Total liabilities of
6.1 0.47 288.65 0.05
subsidiary
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 0 0 0 0
Profit before tax of
-0.14 -0.07 -0.18 -0.04
subsidiary
Provision for tax of
0 0 0 0
subsidiary
Profit after tax of
-0.14 -0.07 -0.18 -0.04
subsidiary
Proposed dividend of
0 0 0 0
subsidiary
CLEAN MAX SURYA CLEAN MAX SURYA
CLEAN MAX KHANAK CLEAN MAX KHANAK
Name of subsidiary ENERGY PRIVATE ENERGY PRIVATE
PRIVATE LIMITED PRIVATE LIMITED
LIMITED LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary
Permanent account number
of subsidiary AAICC7186Q AAICC7186Q AAJCC1986F AAJCC1986F
company
CIN of subsidiary company U40106MH2020PTC339876 U40106MH2020PTC339876 U40200MH2020PTC352542 U40200MH2020PTC352542

162
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(11)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 21 22
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries
[Abstract]
Disclosure of subsidiaries
[Line items]
CLEAN MAX ADITYA CLEAN MAX ADITYA CLEAN MAX SPHERE CLEAN MAX SPHERE
Name of subsidiary POWER PRIVATE POWER PRIVATE ENERGY PRIVATE ENERGY PRIVATE
LIMITED LIMITED LIMITED LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary
Permanent account number
of subsidiary AAICC7299L AAICC7299L AAICC7522Q AAICC7522Q
company
CIN of subsidiary company U40106MH2020PTC340093 U40106MH2020PTC340093 U40300MH2020PTC340577 U40300MH2020PTC340577
Section under which
Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
company became subsidiary
Whether subsidiary has filed
Yes Yes Yes Yes
balance sheet
SRN of filing of balance
F36597920 T69045706 F36622199 T65379810
sheet by subsidiary
Whether financial year of
subsidiary
different from financial year No No No No
of
holding company
Financial year of subsidiary
[Abstract]
Start date of accounting
period of 01/04/2021 01/04/2020 01/04/2021 01/04/2020
subsidiary
End date of accounting
period of 31/03/2022 31/03/2021 31/03/2022 31/03/2021
subsidiary
Percentage of shareholding
100.00% 100.00% 100.00% 100.00%
in subsidiary
Key information about
subsidiary [Abstract]
Reporting currency of
INR INR INR INR
subsidiary
Exchange rate as
1 1 1 1
applicable for subsidiary
Share capital of subsidiary
0.74 0.1 0.1 0.1

Reserves and surplus of

18.26 3.31 -0.13 -0.06
subsidiary
Total assets of subsidiary 1,033.44 559.99 0.03 0.05
Total liabilities of
1,033.44 556.58 0.03 0.02
subsidiary
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 68.63 6.49 0 0
Profit before tax of
18.05 3.99 -0.06 -0.06
subsidiary
Provision for tax of
3.09 0.68 0 0
subsidiary
Profit after tax of
14.95 3.31 -0.06 -0.06
subsidiary
Proposed dividend of
0 0 0 0
subsidiary
CLEAN MAX ADITYA CLEAN MAX ADITYA CLEAN MAX SPHERE CLEAN MAX SPHERE
Name of subsidiary POWER PRIVATE POWER PRIVATE ENERGY PRIVATE ENERGY PRIVATE
LIMITED LIMITED LIMITED LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary
Permanent account number
of subsidiary AAICC7299L AAICC7299L AAICC7522Q AAICC7522Q
company
CIN of subsidiary company U40106MH2020PTC340093 U40106MH2020PTC340093 U40300MH2020PTC340577 U40300MH2020PTC340577

163
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(12)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 23 24
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
CLEAN MAX VENT CLEAN MAX VENT
Cleanmax Solar Cleanmax Solar
Name of subsidiary POWER PRIVATE POWER PRIVATE
Mena FZCO Mena FZCO
LIMITED LIMITED
Country of incorporation or residence of UNITED ARAB UNITED ARAB
INDIA INDIA
subsidiary EMIRATES EMIRATES
Permanent account number of subsidiary
AAICC7523R AAICC7523R
company
CIN of subsidiary company U40108MH2020PTC340578 U40108MH2020PTC340578
Section under which company became
Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
subsidiary
Whether subsidiary has filed balance sheet Yes Yes Yes Yes
SRN of filing of balance sheet by subsidiary F36001881 T66360462
Filed by Filed by
Reason if no filing has been made by themselves as themselves as they
subsidiary they are foreign are foreign
subsidiary subsidiary
Whether financial year of subsidiary
different from financial year of No No No No
holding company
Financial year of subsidiary [Abstract]
Start date of accounting period of
01/04/2021 01/04/2020 01/04/2021 01/04/2020
subsidiary
End date of accounting period of
31/03/2022 31/03/2021 31/03/2022 31/03/2021
subsidiary
Percentage of shareholding in subsidiary 100.00% 100.00% 100.00% 100.00%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary INR INR AED AED
Exchange rate as applicable for subsidiary 1 1 1 1
Share capital of subsidiary 0.54 0.1 6.85 3.8
Reserves and surplus of subsidiary 238.75 -3.25 10.62 -5.9
Total assets of subsidiary 2,091.47 580.27 64.48 31.15
Total liabilities of subsidiary 2,091.47 583.42 37.09 29.26
Investment of subsidiary 0 0 26.29 0.32
Turnover of subsidiary 198.42 150.66 41.59 14.61
Profit before tax of subsidiary -17.18 -3.93 0.84 -1.97
Provision for tax of subsidiary -2.94 -0.67 0 0
Profit after tax of subsidiary -14.24 -3.25 0.84 -1.97
Proposed dividend of subsidiary 0 0 0 0
CLEAN MAX VENT CLEAN MAX VENT
Cleanmax Solar Cleanmax Solar
Name of subsidiary POWER PRIVATE POWER PRIVATE
Mena FZCO Mena FZCO
LIMITED LIMITED
Country of incorporation or residence of UNITED ARAB UNITED ARAB
INDIA INDIA
subsidiary EMIRATES EMIRATES
Permanent account number of subsidiary
AAICC7523R AAICC7523R
company
CIN of subsidiary company U40108MH2020PTC340578 U40108MH2020PTC340578

164
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(13)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 25 26
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max Regulus Clean Max Regulus Clean Max Orion Clean Max Orion
Name of subsidiary Power LLP Power LLP Power LLP Power LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAOFC1974D AAOFC1974D AAOFC3440J AAOFC3440J
company
Section under which company became subsidiary Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
Whether subsidiary has filed balance sheet No No No No
Reason if no filing has been made by
Being LLP Being LLP Being LLP Being LLP
subsidiary
Whether financial year of subsidiary
different from financial year of No No No No
holding company
Financial year of subsidiary [Abstract]
Start date of accounting period of
01/04/2021 01/04/2020 01/04/2021 01/04/2020
subsidiary
End date of accounting period of
31/03/2022 31/03/2021 31/03/2022 31/03/2021
subsidiary
Percentage of shareholding in subsidiary 99.99% 99.99% 99.99% 99.99%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary INR INR INR INR
Exchange rate as applicable for subsidiary 1 1 1 1
Share capital of subsidiary 0.1 0.1 0.01 0.01
Reserves and surplus of subsidiary -0.53 -0.47 -0.37 -0.26
Total assets of subsidiary 0 0.04 0 0
Total liabilities of subsidiary 0 0.41 0 0.25
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 0 0 0 0
Profit before tax of subsidiary -0.06 -0.04 -0.1 -0.14
Provision for tax of subsidiary 0 0 0 0
Profit after tax of subsidiary -0.06 -0.04 -0.1 -0.14
Proposed dividend of subsidiary 0 0 0 0
Clean Max Regulus Clean Max Regulus Clean Max Orion Clean Max Orion
Name of subsidiary Power LLP Power LLP Power LLP Power LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAOFC1974D AAOFC1974D AAOFC3440J AAOFC3440J
company

165
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(14)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 27 28
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max Scorpius Clean Max Scorpius Clean Max Auriga Clean Max Auriga
Name of subsidiary Power LLP Power LLP Power LLP Power LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAOFC3439R AAOFC3439R AAOFC3436A AAOFC3436A
company
Section under which company became subsidiary Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
Whether subsidiary has filed balance sheet No No No No
Reason if no filing has been made by
Being LLP Being LLP Being LLP Being LLP
subsidiary
Whether financial year of subsidiary
different from financial year of No No No No
holding company
Financial year of subsidiary [Abstract]
Start date of accounting period of
01/04/2021 01/04/2020 01/04/2021 01/04/2020
subsidiary
End date of accounting period of
31/03/2022 31/03/2021 31/03/2022 31/03/2021
subsidiary
Percentage of shareholding in subsidiary 99.99% 99.99% 74.00% 100.00%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary INR INR INR INR
Exchange rate as applicable for subsidiary 1 1 1 1
Share capital of subsidiary 368.84 0.01 204.54 0.01
Reserves and surplus of subsidiary -0.25 0.43 -0.61 -0.23
Total assets of subsidiary 628.93 0.08 378.46 0
Total liabilities of subsidiary 628.93 0.5 378.46 0.22
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 0 0 0 0
Profit before tax of subsidiary 0.23 -0.09 0 -0.06
Provision for tax of subsidiary 0.05 0 0 0
Profit after tax of subsidiary 0.18 -0.09 -0.38 -0.06
Proposed dividend of subsidiary 0 0 0 0
Clean Max Scorpius Clean Max Scorpius Clean Max Auriga Clean Max Auriga
Name of subsidiary Power LLP Power LLP Power LLP Power LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAOFC3439R AAOFC3439R AAOFC3436A AAOFC3436A
company

166
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(15)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 29 30
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max Vega Clean Max Vega C l e a n Max Clean Max
Name of subsidiary Power LLP Power LLP Suryamukhi LLP Suryamukhi LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAOFC1122B AAOFC1122B AANFC8391D AANFC8391D
company
Section under which company became subsidiary Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
Whether subsidiary has filed balance sheet No No No No
Reason if no filing has been made by
Being LLP Being LLP Being LLP Being LLP
subsidiary
Whether financial year of subsidiary
different from financial year of No No No No
holding company
Financial year of subsidiary [Abstract]
Start date of accounting period of
01/04/2021 01/04/2020 01/04/2021 01/04/2020
subsidiary
End date of accounting period of
31/03/2022 31/03/2021 31/03/2022 31/03/2021
subsidiary
Percentage of shareholding in subsidiary 51.00% 51.00% 99.90% 99.90%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary INR INR INR INR
Exchange rate as applicable for subsidiary 1 1 1 1
Share capital of subsidiary 370.91 142.05 0.1 0.1
Reserves and surplus of subsidiary 4.28 9.48 -0.89 -0.7
Total assets of subsidiary 1,195.93 488.99 0.06 0
Total liabilities of subsidiary 1,195.93 337.45 0.06 0.6
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 76.59 78.18 0 0
Profit before tax of subsidiary 14.44 20.78 -0.18 -0.07
Provision for tax of subsidiary 5.05 4.72 0 0
Profit after tax of subsidiary 9.4 16.05 -0.18 -0.07
Proposed dividend of subsidiary 0 0 0 0
Clean Max Vega Clean Max Vega C l e a n Max Clean Max
Name of subsidiary Power LLP Power LLP Suryamukhi LLP Suryamukhi LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAOFC1122B AAOFC1122B AANFC8391D AANFC8391D
company

167
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(16)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 31 32
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max Venus Clean Max Venus Clean Max Fusion Clean Max Fusion
Name of subsidiary Power LLP Power LLP Power LLP Power LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AANFC8266B AANFC8266B AAOFC5456E AAOFC5456E
company
Section under which company became subsidiary Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
Whether subsidiary has filed balance sheet No No No No
Reason if no filing has been made by
Being LLP Being LLP Being LLP Being LLP
subsidiary
Whether financial year of subsidiary
different from financial year of No No No No
holding company
Financial year of subsidiary [Abstract]
Start date of accounting period of
01/04/2021 01/04/2020 01/04/2021 01/04/2020
subsidiary
End date of accounting period of
31/03/2022 31/03/2021 31/03/2022 31/03/2021
subsidiary
Percentage of shareholding in subsidiary 99.90% 99.90% 99.99% 99.99%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary INR INR INR INR
Exchange rate as applicable for subsidiary 1 1 1 1
Share capital of subsidiary 0.1 0.1 7 1
Reserves and surplus of subsidiary -0.32 -0.26 -6.6 6.51
Total assets of subsidiary 0 0 0.41 0.01
Total liabilities of subsidiary 0 0.17 0.41 5.52
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 0 0 0 0
Profit before tax of subsidiary -0.05 -0.04 -0.08 -0.14
Provision for tax of subsidiary 0 0 0 0
Profit after tax of subsidiary -0.05 -0.04 -0.08 -0.14
Proposed dividend of subsidiary 0 0 0 0
Clean Max Venus Clean Max Venus Clean Max Fusion Clean Max Fusion
Name of subsidiary Power LLP Power LLP Power LLP Power LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AANFC8266B AANFC8266B AAOFC5456E AAOFC5456E
company

168
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(17)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 33 34
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max Solstice Clean Max Solstice Clean Max IPP 3 Clean Max IPP 3
Name of subsidiary Power LLP Power LLP Power LLP Power LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAOFC5354P AAOFC5354P AAOFC8333Q AAOFC8333Q
company
Section under which company became subsidiary Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
Whether subsidiary has filed balance sheet No No No No
Reason if no filing has been made by
Being LLP Being LLP Being LLP Being LLP
subsidiary
Whether financial year of subsidiary
different from financial year of No No No No
holding company
Financial year of subsidiary [Abstract]
Start date of accounting period of
01/04/2021 01/04/2020 01/04/2021 01/04/2020
subsidiary
End date of accounting period of
31/03/2022 31/03/2021 31/03/2022 31/03/2021
subsidiary
Percentage of shareholding in subsidiary 99.99% 99.99% 99.99% 99.99%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary INR INR INR INR
Exchange rate as applicable for subsidiary 1 1 1 1
Share capital of subsidiary 0.01 0.01 0.01 0.01
Reserves and surplus of subsidiary -0.27 -0.16 -0.14 -0.09
Total assets of subsidiary 0 0 0 0.02
Total liabilities of subsidiary 0 0.16 0 0.1
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 0 0 0 0
Profit before tax of subsidiary -0.11 -0.06 -0.04 -0.04
Provision for tax of subsidiary 0 0 0 0
Profit after tax of subsidiary -0.11 -0.06 -0.04 -0.04
Proposed dividend of subsidiary 0 0 0 0
Clean Max Solstice Clean Max Solstice Clean Max IPP 3 Clean Max IPP 3
Name of subsidiary Power LLP Power LLP Power LLP Power LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAOFC5354P AAOFC5354P AAOFC8333Q AAOFC8333Q
company

169
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(18)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 35 36
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max Power 3 Clean Max Power 3 Clean Max Hybrid Clean Max Hybrid
Name of subsidiary LLP LLP Power LLP Power LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAOFC8581A AAOFC8581A AAPFC1008D AAPFC1008D
company
Section under which company became subsidiary Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
Whether subsidiary has filed balance sheet No No No No
Reason if no filing has been made by
Being LLP Being LLP Being LLP Being LLP
subsidiary
Whether financial year of subsidiary
different from financial year of No No No No
holding company
Financial year of subsidiary [Abstract]
Start date of accounting period of
01/04/2021 01/04/2020 01/04/2021 01/04/2020
subsidiary
End date of accounting period of
31/03/2022 31/03/2021 31/03/2022 31/03/2021
subsidiary
Percentage of shareholding in subsidiary 63.38% 63.38% 99.99% 99.99%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary INR INR INR INR
Exchange rate as applicable for subsidiary 1 1 1 1
Share capital of subsidiary 1,023.09 612 0.01 0.01
Reserves and surplus of subsidiary 64.59 0.31 -0.15 -0.09
Total assets of subsidiary 3,325.78 1,966.51 0 0.01
Total liabilities of subsidiary 2,238.09 1,354.19 0 0.08
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 317.22 20.92 0 0
Profit before tax of subsidiary 100.04 1.58 -0.06 -0.04
Provision for tax of subsidiary 35.76 0.67 0 0
Profit after tax of subsidiary 64.27 0.9 -0.06 -0.04
Proposed dividend of subsidiary 0 0 0 0
Clean Max Power 3 Clean Max Power 3 Clean Max Hybrid Clean Max Hybrid
Name of subsidiary LLP LLP Power LLP Power LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAOFC8581A AAOFC8581A AAPFC1008D AAPFC1008D
company

170
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(19)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 37 38
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max Agni 2 Clean Max Agni 2 Clean Max Charge Clean Max Charge
Name of subsidiary Power LLP Power LLP LLP LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAPFC1651C AAPFC1651C AAPFC1653A AAPFC1653A
company
Section under which company became subsidiary Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
Whether subsidiary has filed balance sheet No No No No
Reason if no filing has been made by
Being LLP Being LLP Being LLP Being LLP
subsidiary
Whether financial year of subsidiary
different from financial year of No No No No
holding company
Financial year of subsidiary [Abstract]
Start date of accounting period of
01/04/2021 01/04/2020 01/04/2021 01/04/2020
subsidiary
End date of accounting period of
31/03/2022 31/03/2021 31/03/2022 31/03/2021
subsidiary
Percentage of shareholding in subsidiary 99.99% 99.99% 99.99% 99.99%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary INR INR INR INR
Exchange rate as applicable for subsidiary 1 1 1 1
Share capital of subsidiary 0.01 0.01 0.01 0.01
Reserves and surplus of subsidiary -0.12 -0.07 -0.14 -0.07
Total assets of subsidiary 0.01 0 0 0
Total liabilities of subsidiary 0.01 0.06 0 0.06
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 0 0 0 0
Profit before tax of subsidiary -0.04 -0.04 -0.06 -0.04
Provision for tax of subsidiary 0 0 0 0
Profit after tax of subsidiary -0.04 -0.04 -0.06 -0.04
Proposed dividend of subsidiary 0 0 0 0
Clean Max Agni 2 Clean Max Agni 2 Clean Max Charge Clean Max Charge
Name of subsidiary Power LLP Power LLP LLP LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAPFC1651C AAPFC1651C AAPFC1653A AAPFC1653A
company

171
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(20)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 39 40
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max Helios Clean Max Helios Clean Max Light Clean Max Light
Name of subsidiary Power LLP Power LLP Power LLP Power LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAPFC1654H AAPFC1654H AAPFC1652B AAPFC1652B
company
Section under which company became subsidiary Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
Whether subsidiary has filed balance sheet No No No No
Reason if no filing has been made by
Being LLP Being LLP Being LLP Being LLP
subsidiary
Whether financial year of subsidiary
different from financial year of No No No No
holding company
Financial year of subsidiary [Abstract]
Start date of accounting period of
01/04/2021 01/04/2020 01/04/2021 01/04/2020
subsidiary
End date of accounting period of
31/03/2022 31/03/2021 31/03/2022 31/03/2021
subsidiary
Percentage of shareholding in subsidiary 99.99% 99.99% 99.99% 99.99%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary INR INR INR INR
Exchange rate as applicable for subsidiary 1 1 1 1
Share capital of subsidiary 0.01 0.01 0.01 0.01
Reserves and surplus of subsidiary -0.12 -0.07 -0.12 -0.07
Total assets of subsidiary 0 0.01 0 0
Total liabilities of subsidiary 0 0.07 0 0.06
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 0 0 0 0
Profit before tax of subsidiary -0.04 -0.04 -0.05 -0.04
Provision for tax of subsidiary 0 0 0 0
Profit after tax of subsidiary -0.04 -0.04 -0.05 -0.04
Proposed dividend of subsidiary 0 0 0 0
Clean Max Helios Clean Max Helios Clean Max Light Clean Max Light
Name of subsidiary Power LLP Power LLP Power LLP Power LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAPFC1654H AAPFC1654H AAPFC1652B AAPFC1652B
company

172
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(21)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 41 42
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max Vital Clean Max Vital Clean Max Proclus Clean Max Proclus
Name of subsidiary Energy LLP Energy LLP Energy LLP Energy LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAPFC2670M AAPFC2670M AAPFC2674R AAPFC2674R
company
Section under which company became subsidiary Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
Whether subsidiary has filed balance sheet No No No No
Reason if no filing has been made by
Being LLP Being LLP Being LLP Being LLP
subsidiary
Whether financial year of subsidiary
different from financial year of No No No No
holding company
Financial year of subsidiary [Abstract]
Start date of accounting period of
01/04/2021 01/04/2020 01/04/2021 01/04/2020
subsidiary
End date of accounting period of
31/03/2022 31/03/2021 31/03/2022 31/03/2021
subsidiary
Percentage of shareholding in subsidiary 74.00% 100.00% 99.99% 99.99%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary INR INR INR INR
Exchange rate as applicable for subsidiary 1 1 1 1
Share capital of subsidiary 158.7 0.01 0.01 0.01
Reserves and surplus of subsidiary 0.08 -0.07 -0.12 -0.07
Total assets of subsidiary 331.69 0 0 0
Total liabilities of subsidiary 331.69 0.06 0 0.06
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 0 0 0 0
Profit before tax of subsidiary 0.15 -0.04 -0.04 -0.04
Provision for tax of subsidiary 0 0 0 0
Profit after tax of subsidiary 0.15 -0.04 -0.04 -0.04
Proposed dividend of subsidiary 0 0 0 0
Clean Max Vital Clean Max Vital Clean Max Proclus Clean Max Proclus
Name of subsidiary Energy LLP Energy LLP Energy LLP Energy LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAPFC2670M AAPFC2670M AAPFC2674R AAPFC2674R
company

173
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(22)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 43 44
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max
Clean Max Hyperion Clean Max Augus Clean Max Augus
Name of subsidiary Hyperion Power
Power LLP Power LLP Power LLP
LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAPFC2675Q AAPFC2675Q AAPFC2673J AAPFC2673J
company
Section under which company became subsidiary Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
Whether subsidiary has filed balance sheet No No No No
Reason if no filing has been made by
Being LLP Being LLP Being LLP Being LLP
subsidiary
Whether financial year of subsidiary
different from financial year of No No No No
holding company
Financial year of subsidiary [Abstract]
Start date of accounting period of
01/04/2021 01/04/2020 01/04/2021 01/04/2020
subsidiary
End date of accounting period of
31/03/2022 31/03/2021 31/03/2022 31/03/2021
subsidiary
Percentage of shareholding in subsidiary 99.99% 99.99% 99.99% 99.99%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary INR INR INR INR
Exchange rate as applicable for subsidiary 1 1 1 1
Share capital of subsidiary 0.01 0.01 0.01 0.01
Reserves and surplus of subsidiary -0.13 -0.07 -0.12 -0.07
Total assets of subsidiary 461.07 0 0.1 0
Total liabilities of subsidiary 461.07 0.06 0.1 0.06
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 0 0 0 0
Profit before tax of subsidiary -0.06 -0.04 -0.04 -0.04
Provision for tax of subsidiary 0 0 0 0
Profit after tax of subsidiary -0.06 -0.04 -0.04 -0.04
Proposed dividend of subsidiary 0 0 0 0
Clean Max
Clean Max Hyperion Clean Max Augus Clean Max Augus
Name of subsidiary Hyperion Power
Power LLP Power LLP Power LLP
LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAPFC2675Q AAPFC2675Q AAPFC2673J AAPFC2673J
company

174
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(23)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 45 46
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max Circe Clean Max Circe KPJ Renewable KPJ Renewable
Name of subsidiary Power LLP Power LLP Power Projects LLP Power Projects LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAPFC2671L AAPFC2671L AAPFK2434F AAPFK2434F
company
Section under which company became subsidiary Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
Whether subsidiary has filed balance sheet No No No No
Reason if no filing has been made by
Being LLP Being LLP Being LLP Being LLP
subsidiary
Whether financial year of subsidiary
different from financial year of No No No No
holding company
Financial year of subsidiary [Abstract]
Start date of accounting period of
01/04/2021 01/04/2020 01/04/2021 01/04/2020
subsidiary
End date of accounting period of
31/03/2022 31/03/2021 31/03/2022 31/03/2021
subsidiary
Percentage of shareholding in subsidiary 99.99% 99.99% 99.00% 99.00%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary INR INR INR INR
Exchange rate as applicable for subsidiary 1 1 1 1
Share capital of subsidiary 0.01 0.01 0.01 0.01
Reserves and surplus of subsidiary -0.13 -0.07 -3.32 -2.7
Total assets of subsidiary 0.01 0 81.41 86.36
Total liabilities of subsidiary -0.13 0.06 81.41 89.06
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 0 0 0 0
Profit before tax of subsidiary -0.06 -0.04 -0.62 -0.98
Provision for tax of subsidiary 0 0 0 0
Profit after tax of subsidiary -0.06 -0.04 -0.62 -0.98
Proposed dividend of subsidiary 0 0 0 0
Clean Max Circe Clean Max Circe KPJ Renewable KPJ Renewable
Name of subsidiary Power LLP Power LLP Power Projects LLP Power Projects LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAPFC2671L AAPFC2671L AAPFK2434F AAPFK2434F
company

175
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(24)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 47 48
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max Actis Clean Max Actis Clean Max Deneb Clean Max Deneb
Name of subsidiary Energy LLP Energy LLP Power LLP Power LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAPFC2672K AAPFC2672K AAOFC1121C AAOFC1121C
company
Section under which company became subsidiary Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
Whether subsidiary has filed balance sheet No No No No
Reason if no filing has been made by
Being LLP Being LLP Being LLP Being LLP
subsidiary
Whether financial year of subsidiary
different from financial year of No No No No
holding company
Financial year of subsidiary [Abstract]
Start date of accounting period of
01/04/2021 01/04/2020 01/04/2021 01/04/2020
subsidiary
End date of accounting period of
31/03/2022 31/03/2021 31/03/2022 31/03/2021
subsidiary
Percentage of shareholding in subsidiary 99.99% 99.99% 51.00% 51.00%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary INR INR INR INR
Exchange rate as applicable for subsidiary 1 1 1 1
Share capital of subsidiary 0.01 0.01 133.05 123.84
Reserves and surplus of subsidiary -0.17 -0.09 -2.09 4.7
Total assets of subsidiary 0 0 446.1 331.71
Total liabilities of subsidiary 0 0.08 446.1 203.16
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 0 0 48.81 51.28
Profit before tax of subsidiary -0.07 -0.06 8.25 14.77
Provision for tax of subsidiary 0 0 3.28 2.42
Profit after tax of subsidiary -0.07 -0.06 4.97 12.34
Proposed dividend of subsidiary 0 0 0 0
Clean Max Actis Clean Max Actis Clean Max Deneb Clean Max Deneb
Name of subsidiary Energy LLP Energy LLP Power LLP Power LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAPFC2672K AAPFC2672K AAOFC1121C AAOFC1121C
company

176
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(25)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 49 50
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max Pluto Clean Max Pluto
Name of subsidiary Solar Power LLP Solar Power LLP
CMES Animo LLP CMES Animo LLP

Country of incorporation or residence of

INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAOFC0693D AAOFC0693D AAPFC7008R AAPFC7008R
company
Section under which company became subsidiary Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
Whether subsidiary has filed balance sheet No No No No
Reason if no filing has been made by
Being LLP Being LLP Being LLP Being LLP
subsidiary
Whether financial year of subsidiary
different from financial year of No No No No
holding company
Financial year of subsidiary [Abstract]
Start date of accounting period of
01/04/2021 01/04/2020 01/04/2021 01/04/2020
subsidiary
End date of accounting period of
31/03/2022 31/03/2021 31/03/2022 31/03/2021
subsidiary
Percentage of shareholding in subsidiary 57.00% 57.00% 99.99% 99.99%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary INR INR INR INR
Exchange rate as applicable for subsidiary 1 1 1 1
Share capital of subsidiary 376.64 376.64 0.1 0.1
Reserves and surplus of subsidiary 36.89 15.25 -0.22 -0.18
Total assets of subsidiary 1,152.28 1,031.82 0.05 0.1
Total liabilities of subsidiary 738.74 639.92 0.05 0.18
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 159.02 107.38 0 0
Profit before tax of subsidiary 33.42 28.82 -0.04 -0.03
Provision for tax of subsidiary 11.83 8.05 0 0
Profit after tax of subsidiary 21.64 20.76 -0.04 -0.03
Proposed dividend of subsidiary 0 0 0 0
Clean Max Pluto Clean Max Pluto
Name of subsidiary Solar Power LLP Solar Power LLP
CMES Animo LLP CMES Animo LLP

Country of incorporation or residence of

INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAOFC0693D AAOFC0693D AAPFC7008R AAPFC7008R
company

177
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(26)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 51 52
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
KAS On Site Power KAS On Site Power
Name of subsidiary CMES Rhea LLP CMES Rhea LLP
Solutions LLP Solutions LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAPFC7005C AAPFC7005C AAPFK2654K AAPFK2654K
company
Section under which company became subsidiary Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
Whether subsidiary has filed balance sheet No No No No
Reason if no filing has been made by
Being LLP Being LLP Being LLP Being LLP
subsidiary
Whether financial year of subsidiary
different from financial year of No No No No
holding company
Financial year of subsidiary [Abstract]
Start date of accounting period of
01/04/2021 01/04/2020 01/04/2021 01/04/2020
subsidiary
End date of accounting period of
31/03/2022 31/03/2021 31/03/2022 31/03/2021
subsidiary
Percentage of shareholding in subsidiary 99.99% 99.99% 73.00% 73.00%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary INR INR INR INR
Exchange rate as applicable for subsidiary 1 1 1 1
Share capital of subsidiary 0.1 0.1 84.31 81.63
Reserves and surplus of subsidiary -0.23 -0.18 745.87 781.28
Total assets of subsidiary 0 0.01 2,082.02 2,151.89
Total liabilities of subsidiary 0 0.1 1,251.83 2,151.89
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 0 0 353.56 348.36
Profit before tax of subsidiary -0.04 -0.03 108.92 90.3
Provision for tax of subsidiary 0 0 34.36 0
Profit after tax of subsidiary -0.04 -0.03 74.55 33.52
Proposed dividend of subsidiary 0 0 0 0
KAS On Site Power KAS On Site Power
Name of subsidiary CMES Rhea LLP CMES Rhea LLP
Solutions LLP Solutions LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of subsidiary
AAPFC7005C AAPFC7005C AAPFK2654K AAPFK2654K
company

178
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(27)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 53 54 55 56
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max
CLEAN MAX KRATOS CLEAN MAX MAXIMUS CLEAN MAX VAYU
Name of subsidiary Harsha Solar
PRIVATE LIMITED PRIVATE LIMITED PRIVATE LIMITED
LLP
Country of incorporation or residence
of INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of
subsidiary AAKFC6438J
company
CIN of subsidiary company U40106MH2021PTC364757 U40109MH2021PTC364515 U40106MH2021PTC364216
Section under which company became
Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
subsidiary
Reason if no filing has been made by
Being LLP In Process In Process In Process
subsidiary
Whether financial year of subsidiary
different from financial year of No No No No
holding company
Financial year of subsidiary [Abstract]

Start date of accounting period of

01/04/2021 01/04/2021 01/04/2021 01/04/2021
subsidiary
End date of accounting period of
31/03/2022 31/03/2022 31/03/2022 31/03/2022
subsidiary
Percentage of shareholding in
50.00% 74.00% 100.00% 80.00%
subsidiary
Key information about subsidiary
[Abstract]
Reporting currency of subsidiary INR INR INR INR
Exchange rate as applicable for
1 1 1 1
subsidiary
Share capital of subsidiary 128.87 0.01 0.01 0.01
Reserves and surplus of subsidiary 0 -0.08 0.07 -0.08
Total assets of subsidiary 138.57 2.63 7.8 1.37
Total liabilities of subsidiary 138.57 2.63 7.8 1.37
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 30.93 0 0 0
Profit before tax of subsidiary 1.16 -0.08 -0.07 -0.08
Provision for tax of subsidiary 0 0 0 0
Profit after tax of subsidiary 1.16 2.63 -0.07 -0.08
Proposed dividend of subsidiary 0 0 0 0
Clean Max
CLEAN MAX KRATOS CLEAN MAX MAXIMUS CLEAN MAX VAYU
Name of subsidiary Harsha Solar
PRIVATE LIMITED PRIVATE LIMITED PRIVATE LIMITED
LLP
Country of incorporation or residence
of INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of
subsidiary AAKFC6438J
company
CIN of subsidiary company U40106MH2021PTC364757 U40109MH2021PTC364515 U40106MH2021PTC364216

179
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(28)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 57 58
01/04/2021 01/04/2021
to to
31/03/2022 31/03/2022
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
CLEAN MAX ZEUS Clean Max Alpha
Name of subsidiary PRIVATE LIMITED LeaseCo FZCO
UNITED ARAB
Country of incorporation or residence of subsidiary INDIA
EMIRATES
CIN of subsidiary company U40106MH2021PTC364247
Section under which company became subsidiary Section 2(87)(ii) Section 2(87)(ii)
Filed by
themselves as they
Reason if no filing has been made by subsidiary In Process
are foreign
subsidiary
Whether financial year of subsidiary different from financial year of holding
No No
company
Financial year of subsidiary [Abstract]
Start date of accounting period of subsidiary 01/04/2021 01/04/2021
End date of accounting period of subsidiary 31/03/2022 31/03/2022
Percentage of shareholding in subsidiary 100.00% 72.00%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary INR AED
Exchange rate as applicable for subsidiary 1 1
Share capital of subsidiary 0.01 0.5
Reserves and surplus of subsidiary -0.07 2.44
Total assets of subsidiary 3.23 98.69
Total liabilities of subsidiary 3.23 52.75
Investment of subsidiary 0 0
Turnover of subsidiary 0 7.24
Profit before tax of subsidiary -0.07 1.57
Provision for tax of subsidiary 0 0
Profit after tax of subsidiary -0.07 1.57
Proposed dividend of subsidiary 0 0
CLEAN MAX ZEUS Clean Max Alpha
Name of subsidiary PRIVATE LIMITED LeaseCo FZCO
UNITED ARAB
Country of incorporation or residence of subsidiary INDIA
EMIRATES
CIN of subsidiary company U40106MH2021PTC364247

Disclosure of associates [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Associates [Axis] 1
01/04/2021
to
31/03/2022
Disclosure of associates [Abstract]
Disclosure of associates [Line items]
Clean Max Alpha
Name of associate entity Lease Co FZCO
UNITED ARAB
Country of incorporation of associate EMIRATES
Proportion of ownership interest in associate 72.00%
Proportion of voting rights held in associate 72.00%

180
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of interests in other entities [TextBlock]
Disclosure of interests in subsidiaries [TextBlock]
Disclosure of subsidiaries [TextBlock]
Whether company has subsidiary companies Yes Yes
Number of subsidiary companies [pure] 59 [pure] 55
Whether company has subsidiary companies which are yet to commence
No No
operations
Whether company has subsidiary companies liquidated or sold during
No No
year
Disclosure of interests in associates [TextBlock]
Disclosure of associates [TextBlock]
Whether company has invested in associates Yes No
Whether company has associates which are yet to commence operations No No
Whether company has associates liquidated or sold during year No No
Disclosure of interests in joint arrangements [TextBlock]
Disclosure of joint ventures [TextBlock]
Whether company has invested in joint ventures No No
Whether company has joint ventures which are yet to commence
No No
operations
Whether company has joint ventures liquidated or sold during year No No
Disclosure of interests in unconsolidated structured entities [TextBlock]
Disclosure of unconsolidated structured entities [TextBlock]
Whether there are unconsolidated structured entities No No
Disclosure of investment entities [TextBlock]
Disclosure of information about unconsolidated subsidiaries [TextBlock]
Whether there are unconsolidated subsidiaries No No
Disclosure of information about unconsolidated structured entities
controlled by investment entity [TextBlock]
Whether there are unconsolidated structured entities controlled by
No No
investment entity

[613400] Notes - Consolidated Financial Statements

Disclosure of details of entities consolidated [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Entities consolidated [Axis] 1 2 3 4
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of additional information consolidated
financial statements [Abstract]
Disclosure of additional information
consolidated financial statements [Line items]
Clean Max Cogen
CMES Power 1 CMES Power 2 KPJ Renewable
Name of entity consolidated Solutions Private
Private Limited Private Limited Power Projects LLP
Limited
Type of entity consolidated Indian Subsidiary Indian Subsidiary Indian Subsidiary Indian Subsidiary
Amount of net assets of entity consolidated 73.2 7.68 -92.54 -3.32
Net assets of entity as percentage of
0.53% 0.06% -0.67% -0.02%
consolidated net assets
Amount of share in profit or loss of entity
29.06 -6.83 -31.94 -0.62
consolidated
Share in profit or loss of entity as
percentage of consolidated profit or 9.73% -0.225% -10.52% -0.20%
loss
Amount of share in other comprehensive income
0 0 0 0
consolidated
Share in other comprehensive income consolidated 0.00% 0.00% 0.00% 0.00%
Amount of share in comprehensive income
29.06 -6.83 -31.94 -0.62
consolidated
Share in comprehensive income consolidated 8.55% -2.01% -9.40% -0.18%

181
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of entities consolidated [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Entities consolidated [Axis] 5 6 7 8
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of additional information consolidated
financial statements [Abstract]
Disclosure of additional information
consolidated financial statements [Line items]
CMES Infinity CMES Animo CMES Rhea Private CMES Saturn
Name of entity consolidated Private Limited Private Limited Limited Private Limited
Type of entity consolidated Indian Subsidiary Indian Subsidiary Indian Subsidiary Indian Subsidiary
Amount of net assets of entity consolidated 134.61 -0.13 -0.13 -9.81
Net assets of entity as percentage of
0.97% 0.00% 0.00% -0.07%
consolidated net assets
Amount of share in profit or loss of entity
-16.1 -0.05 -0.05 -2.65
consolidated
Share in profit or loss of entity as
percentage of consolidated profit or -5.30% -0.01% -0.02% 0.87%
loss
Amount of share in other comprehensive income
0 0 0 0
consolidated
Share in other comprehensive income consolidated 0.00% 0.00% 0.00% 0.00%
Amount of share in comprehensive income
-16.1 -0.05 -0.05 -2.65
consolidated
Share in comprehensive income consolidated -4.74% -0.01% -0.01% -0.78%

Disclosure of details of entities consolidated [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Entities consolidated [Axis] 9 10 11 12
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of additional information consolidated
financial statements [Abstract]
Disclosure of additional information
consolidated financial statements [Line items]
Chitradurga
Clean Max Energy
CMES Universe CMES Urja Private Renewable Energy
Name of entity consolidated Private Limited Limited India Private
Ventures Private
Limited
Limited
Type of entity consolidated Indian Subsidiary Indian Subsidiary Indian Subsidiary Indian Subsidiary
Amount of net assets of entity consolidated -0.13 -0.13 -3.3 1.42
Net assets of entity as percentage of
0.00% 0.00% -0.02% 0.01%
consolidated net assets
Amount of share in profit or loss of entity
-0.05 -0.05 0.87 0.38
consolidated
Share in profit or loss of entity as
percentage of consolidated profit or -0.02% 0.01% 0.29% 0.13%
loss
Amount of share in other comprehensive income
0 0 0 0
consolidated
Share in other comprehensive income consolidated 0.00% 0.00% 0.00% 0.00%
Amount of share in comprehensive income
-0.05 -0.05 0.87 0.38
consolidated
Share in comprehensive income consolidated -0.01% -0.01% 0.26% 0.11%

182
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of entities consolidated [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Entities consolidated [Axis] 13 14 15 16
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of additional information consolidated
financial statements [Abstract]
Disclosure of additional information
consolidated financial statements [Line items]
Clean Max Deneb Clean Max Orion Clean Max Pluto Clean Max Regulus
Name of entity consolidated Power LLP Power LLP Solar Power LLP Power LLP
Type of entity consolidated Indian Subsidiary Indian Subsidiary Indian Subsidiary Indian Subsidiary
Amount of net assets of entity consolidated 133.85 -0.37 336.4 -0.43
Net assets of entity as percentage of
0.97% 0.00% 2.43% 0.00%
consolidated net assets
Amount of share in profit or loss of entity
1.27 -0.11 16.08 -0.06
consolidated
Share in profit or loss of entity as
percentage of consolidated profit or 0.42% -0.04% 5.29% -0.02%
loss
Amount of share in other comprehensive income
0 0 0 0
consolidated
Share in other comprehensive income consolidated 0.00% 0.00% 0.00% 0.00%
Amount of share in comprehensive income
1.27 -0.11 16.08 -0.06
consolidated
Share in comprehensive income consolidated 0.37% -0.03% 4.73% -0.02%

Disclosure of details of entities consolidated [Table] ..(5)

Unless otherwise specified, all monetary values are in Millions of INR
Entities consolidated [Axis] 17 18 19 20
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of additional information consolidated
financial statements [Abstract]
Disclosure of additional information
consolidated financial statements [Line items]
Clean Max Scorpius C l e a n M a x Clean Max Vega Clean Max Venus
Name of entity consolidated Power LLP Suryamukhi LLP Power LLP Power LLP
Type of entity consolidated Indian Subsidiary Indian Subsidiary Indian Subsidiary Indian Subsidiary
Amount of net assets of entity consolidated 368.6 -0.79 379.91 -0.22
Net assets of entity as percentage of
2.67% -0.01% 2.75% 0.00%
consolidated net assets
Amount of share in profit or loss of entity
0.19 -0.18 5.15 -0.06
consolidated
Share in profit or loss of entity as
percentage of consolidated profit or 0.06% -0.06% 1.70% -0.02%
loss
Amount of share in other comprehensive income
0 0 0 0
consolidated
Share in other comprehensive income consolidated 0.00% 0.00% 0.00% 0.00%
Amount of share in comprehensive income
0.19 -0.18 5.15 -0.06
consolidated
Share in comprehensive income consolidated 0.05% -0.05% 1.52% -0.02%

183
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of entities consolidated [Table] ..(6)

Unless otherwise specified, all monetary values are in Millions of INR
Entities consolidated [Axis] 21 22 23 24
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of additional information consolidated
financial statements [Abstract]
Disclosure of additional information
consolidated financial statements [Line items]
Clean Max Power
Clean Max Auriga Clean Max Fusion Clean Max Solstice
Name of entity consolidated Power LLP Power LLP
Projects Private
Power LLP
Limited
Type of entity consolidated Indian Subsidiary Indian Subsidiary Indian Subsidiary Indian Subsidiary
Amount of net assets of entity consolidated 203.93 0.4 493.69 -0.27
Net assets of entity as percentage of
1.47% 0.00% 3.57% 0.00%
consolidated net assets
Amount of share in profit or loss of entity
-0.39 -0.08 28.08 -0.11
consolidated
Share in profit or loss of entity as
percentage of consolidated profit or -0.13% -0.03% 9.25% -0.04%
loss
Amount of share in other comprehensive income
0 0 0 0
consolidated
Share in other comprehensive income consolidated 0.00% 0.00% 0.00% 0.00%
Amount of share in comprehensive income
-0.39 -0.08 28.08 -0.11
consolidated
Share in comprehensive income consolidated -0.11% -0.02% 8.26% -0.03%

Disclosure of details of entities consolidated [Table] ..(7)

Unless otherwise specified, all monetary values are in Millions of INR
Entities consolidated [Axis] 25 26 27 28
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of additional information consolidated
financial statements [Abstract]
Disclosure of additional information
consolidated financial statements [Line items]
Clean Max IPP 3 Clean Max Power 3 Clean Max Apollo Clean Max Light
Name of entity consolidated Power LLP LLP Power LLP Power LLP
Type of entity consolidated Indian Subsidiary Indian Subsidiary Indian Subsidiary Indian Subsidiary
Amount of net assets of entity consolidated -0.13 1,013.86 0.86 -0.11
Net assets of entity as percentage of
0.00% 0.733% 0.01% 0.00%
consolidated net assets
Amount of share in profit or loss of entity
-0.05 57.46 -2.72 -0.05
consolidated
Share in profit or loss of entity as
percentage of consolidated profit or -0.02% 18.93% -0.90% -0.02%
loss
Amount of share in other comprehensive income
0 0 0 0
consolidated
Share in other comprehensive income consolidated 0.00% 0.00% 0.00% 0.00%
Amount of share in comprehensive income
-0.05 57.46 -2.72 -0.05
consolidated
Share in comprehensive income consolidated -0.01% 16.91% -0.80% -0.02%

184
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of entities consolidated [Table] ..(8)

Unless otherwise specified, all monetary values are in Millions of INR
Entities consolidated [Axis] 29 30 31 32
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of additional information consolidated
financial statements [Abstract]
Disclosure of additional information
consolidated financial statements [Line items]
Clean Max Agni 2 Clean Max Helios Clean Max Charge Clean Max Actis
Name of entity consolidated Power LLP Power LLP LLP Energy LLP
Type of entity consolidated Indian Subsidiary Indian Subsidiary Indian Subsidiary Indian Subsidiary
Amount of net assets of entity consolidated -0.11 -0.11 -0.13 -0.16
Net assets of entity as percentage of
0.00% 0.00% 0.00% 0.00%
consolidated net assets
Amount of share in profit or loss of entity
-0.05 -0.05 -0.07 -0.07
consolidated
Share in profit or loss of entity as
percentage of consolidated profit or -0.02% -0.02% -0.02% -0.02%
loss
Amount of share in other comprehensive income
0 0 0 0
consolidated
Share in other comprehensive income consolidated 0.00% 0.00% 0.00% 0.00%
Amount of share in comprehensive income
-0.05 -0.05 -0.07 -0.07
consolidated
Share in comprehensive income consolidated -0.01% -0.01% -0.02% -0.02%

Disclosure of details of entities consolidated [Table] ..(9)

Unless otherwise specified, all monetary values are in Millions of INR
Entities consolidated [Axis] 33 34 35 36
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of additional information consolidated
financial statements [Abstract]
Disclosure of additional information
consolidated financial statements [Line items]
Clean Max Vital KAS On Site Power Clean Max Proclus Clean Max Augus
Name of entity consolidated Energy LLP Solutions LLP Energy LLP Power LLP
Type of entity consolidated Indian Subsidiary Indian Subsidiary Indian Subsidiary Indian Subsidiary
Amount of net assets of entity consolidated 158.78 830.19 -0.11 -0.11
Net assets of entity as percentage of
1.15% 6.00% 0.00% 0.00%
consolidated net assets
Amount of share in profit or loss of entity
0.15 74.56 -0.05 -0.05
consolidated
Share in profit or loss of entity as
percentage of consolidated profit or 0.05% 24.55% -0.02% -0.02%
loss
Amount of share in other comprehensive income
0 0 0 0
consolidated
Share in other comprehensive income consolidated 0.00% 0.00% 0.00% 0.00%
Amount of share in comprehensive income
0.15 74.56 -0.05 -0.05
consolidated
Share in comprehensive income consolidated 0.05% 21.94% -0.01% -0.01%

185
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of entities consolidated [Table] ..(10)

Unless otherwise specified, all monetary values are in Millions of INR
Entities consolidated [Axis] 37 38 39 40
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of additional information consolidated
financial statements [Abstract]
Disclosure of additional information
consolidated financial statements [Line items]
Clean Max
Clean Max Circe Clean Max Hybrid Cleanmax Solar
Name of entity consolidated Hyperion Power
Power LLP Power LLP Mena FZCO
LLP
Type of entity consolidated Indian Subsidiary Indian Subsidiary Indian Subsidiary Foreign Subsidiary
Amount of net assets of entity consolidated -0.13 -0.13 -0.14 356.04
Net assets of entity as percentage of
0.00% 0.00% 0.00% 2.57%
consolidated net assets
Amount of share in profit or loss of entity
-0.06 -0.06 -0.06 -49.17
consolidated
Share in profit or loss of entity as
percentage of consolidated profit or -0.02% -0.02% -0.02% -16.19%
loss
Amount of share in other comprehensive income
0 0 0 32.84
consolidated
Share in other comprehensive income consolidated 0.00% 0.00% 0.00% 90.67%
Amount of share in comprehensive income
-0.06 -0.06 -0.06 -16.33
consolidated
Share in comprehensive income consolidated -0.02% -0.02% -0.02% -4.80%

Disclosure of details of entities consolidated [Table] ..(11)

Unless otherwise specified, all monetary values are in Millions of INR
Entities consolidated [Axis] 41 42 43 44
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of additional information consolidated
financial statements [Abstract]
Disclosure of additional information
consolidated financial statements [Line items]
Clean Max Mercury
Clean Max Harsha Clean Max IPP1 Clean Max IPP2
Name of entity consolidated Solar LLP Private Limited Private Limited
Power Private
Limited
Type of entity consolidated Indian Joint Venture Indian Subsidiary Indian Subsidiary Indian Subsidiary
Amount of net assets of entity consolidated 65.46 1,538.47 681.03 610.38
Net assets of entity as percentage of
0.47% 11.12% 4.92% 4.41%
consolidated net assets
Amount of share in profit or loss of entity
0.58 57.07 66.42 44.15
consolidated
Share in profit or loss of entity as
percentage of consolidated profit or 0.19% 18.80% 21.87% 14.54%
loss
Amount of share in other comprehensive income
0 0 0 0
consolidated
Share in other comprehensive income consolidated 0.00% 0.00% 0.00% 0.00%
Amount of share in comprehensive income
0.58 57.07 66.42 44.15
consolidated
Share in comprehensive income consolidated 0.17% 16.79% 19.54% 12.99%

186
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of entities consolidated [Table] ..(12)

Unless otherwise specified, all monetary values are in Millions of INR
Entities consolidated [Axis] 45 46 47 48
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of additional information consolidated
financial statements [Abstract]
Disclosure of additional information
consolidated financial statements [Line items]
Clean Max Clean Max Aditya
CMES Jupiter Clean Max Scorpius
Name of entity consolidated Photovoltaic Private
Private Limited Private Limited
Power Private
Limited Limited
Type of entity consolidated Indian Subsidiary Indian Subsidiary Indian Subsidiary Indian Subsidiary
Amount of net assets of entity consolidated 521.13 7.68 618.04 358.37
Net assets of entity as percentage of
3.77% 0.06% 4.47% 2.59%
consolidated net assets
Amount of share in profit or loss of entity
23.38 9.83 37.06 14.96
consolidated
Share in profit or loss of entity as
percentage of consolidated profit or 7.70% 3.24% 12.20% 4.93%
loss
Amount of share in other comprehensive income
0 0 0 0
consolidated
Share in other comprehensive income consolidated 0.00% 0.00% 0.00% 0.00%
Amount of share in comprehensive income
23.38 9.83 37.06 14.96
consolidated
Share in comprehensive income consolidated 6.88% 2.89% 10.90% 4.40%

Disclosure of details of entities consolidated [Table] ..(13)

Unless otherwise specified, all monetary values are in Millions of INR
Entities consolidated [Axis] 49 50 51 52
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of additional information consolidated
financial statements [Abstract]
Disclosure of additional information
consolidated financial statements [Line items]
Clean Max Vent Clean Max Surya
Clean Max Khanak Clean Max Bhoomi
Name of entity consolidated Power Private
Private Limited Private Limited
Energy Private
Limited Limited
Type of entity consolidated Indian Subsidiary Indian Subsidiary Indian Subsidiary Indian Subsidiary
Amount of net assets of entity consolidated 239.21 87.77 -0.1 -0.12
Net assets of entity as percentage of
1.73% 0.63% 0.00% 0.00%
consolidated net assets
Amount of share in profit or loss of entity
-14.33 -0.18 -0.07 -0.14
consolidated
Share in profit or loss of entity as
percentage of consolidated profit or -4.72% -0.06% -0.02% -0.05%
loss
Amount of share in other comprehensive income
0 0 0 0
consolidated
Share in other comprehensive income consolidated 0.00% 0.00% 0.00% 0.00%
Amount of share in comprehensive income
-14.33 -0.18 -0.07 -0.14
consolidated
Share in comprehensive income consolidated -4.22% -0.05% -0.02% -0.04%

187
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of entities consolidated [Table] ..(14)

Unless otherwise specified, all monetary values are in Millions of INR
Entities consolidated [Axis] 53 54 55 56
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of additional information consolidated
financial statements [Abstract]
Disclosure of additional information
consolidated financial statements [Line items]
Clean Max Sphere Clean Max
Clean Max Vayu Clean Max Zeus
Name of entity consolidated Energy Private
Private Limited Private Limited
Maximus Private
Limited Limited
Type of entity consolidated Indian Subsidiary Indian Subsidiary Indian Subsidiary Indian Subsidiary
Amount of net assets of entity consolidated -0.03 -0.07 -0.06 -0.06
Net assets of entity as percentage of
0.00% 0.00% 0.00% 0.00%
consolidated net assets
Amount of share in profit or loss of entity
-0.06 -0.08 -0.07 -0.07
consolidated
Share in profit or loss of entity as
percentage of consolidated profit or -0.02% -0.03% -0.02% -0.02%
loss
Amount of share in other comprehensive income
0 0 0 0
consolidated
Share in other comprehensive income consolidated 0.00% 0.00% 0.00% 0.00%
Amount of share in comprehensive income
-0.06 -0.08 -0.07 -0.07
consolidated
Share in comprehensive income consolidated -0.02% -0.02% -0.02% -0.02%

Disclosure of details of entities consolidated [Table] ..(15)

Unless otherwise specified, all monetary values are in Millions of INR
Entities consolidated [Axis] 57 58 59 60
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of additional information consolidated
financial statements [Abstract]
Disclosure of additional information
consolidated financial statements [Line items]
Clean Max Kratos Yashaswa Power Het Energy Clean Max Alpha
Name of entity consolidated Private Limited LLP Technology LLP Lease Co FZCO
Type of entity consolidated Indian Subsidiary Indian Subsidiary Indian Subsidiary Foreign Associate
Amount of net assets of entity consolidated -0.08 0.04 0.01 395.93
Net assets of entity as percentage of
0.00% 0.00% 0.00% 2.86%
consolidated net assets
Amount of share in profit or loss of entity
-0.09 -0.01 0.01 4.31
consolidated
Share in profit or loss of entity as
percentage of consolidated profit or -0.03% 0.00% 0.00% 1.42%
loss
Amount of share in other comprehensive income
0 0 0 0
consolidated
Share in other comprehensive income consolidated 0.00% 0.00% 0.00% 0.00%
Amount of share in comprehensive income
-0.09 -0.01 0.01 4.31
consolidated
Share in comprehensive income consolidated -0.03% -0.00% 0.00% 1.27%

188
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 1 2 3 4
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of details of subsidiaries [Abstract]
Disclosure of details of subsidiaries
[LineItems]
CLEAN MAX
COGEN CMES POWER 2 CMES ANIMO CMES INFINITY
Name of subsidiary consolidated SOLUTIONS PRIVATE PRIVATE PRIVATE
PRIVATE LIMITED LIMITED LIMITED
LIMITED
Principal place of business of subsidiary
Mumbai Mumbai Mumbai Mumbai
consolidated
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary consolidated
Date of end of reporting period of
financial statements of subsidiary 31/03/2022 31/03/2022 31/03/2022 31/03/2022
consolidated
Description of reason why using
different reporting date or period for NA NA NA NA
subsidiary consolidated
Proportion of ownership interest in
100.00% 100.00% 100.00% 100.00%
subsidiary consolidated
Proportion of voting power held in
0.00% 0.00% 0.00% 0.00%
subsidiary consolidated

Disclosure of details of subsidiaries [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 5 6 7 8
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of details of subsidiaries [Abstract]
Disclosure of details of subsidiaries
[LineItems]
CMES RHEA CMES SATURN
CMES Universe
Name of subsidiary consolidated PRIVATE PRIVATE
LLP
CMES URJA LLP
LIMITED LIMITED
Principal place of business of subsidiary
Mumbai Mumbai Mumbai Mumbai
consolidated
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary consolidated
Date of end of reporting period of
financial statements of subsidiary 31/03/2022 31/03/2022 31/03/2022 31/03/2022
consolidated
Description of reason why using
different reporting date or period for NA NA NA NA
subsidiary consolidated
Proportion of ownership interest in
100.00% 100.00% 100.00% 100.00%
subsidiary consolidated
Proportion of voting power held in
0.00% 0.00% 0.00% 0.00%
subsidiary consolidated

189
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 9 10 11 12
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of details of subsidiaries [Abstract]
Disclosure of details of subsidiaries
[LineItems]
CHITRADURGA
RENEWABLE Clean Max Energy Clean Max Power CLEANMAX IPP 1
Name of subsidiary consolidated ENERGY INDIA Ventures Private Projects Private P R I V A T E
PRIVATE Limited Limited LIMITED
LIMITED
Principal place of business of subsidiary
Mumbai Mumbai Mumbai Mumbai
consolidated
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary consolidated
Date of end of reporting period of
financial statements of subsidiary 31/03/2022 31/03/2022 31/03/2022 31/03/2022
consolidated
Description of reason why using
different reporting date or period for NA NA NA NA
subsidiary consolidated
Proportion of ownership interest in
100.00% 100.00% 100.00% 99.99%
subsidiary consolidated
Proportion of voting power held in
0.00% 0.00% 0.00% 0.00%
subsidiary consolidated

Disclosure of details of subsidiaries [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 13 14 15 16
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of details of subsidiaries [Abstract]
Disclosure of details of subsidiaries
[LineItems]
CLEAN MAX CLEAN MAX
CMES JUPITER
Cleanmax IPP 2 MERCURY PHOTOVOLTAIC
Name of subsidiary consolidated Private Limited POWER PRIVATE P R I V A T E
PRIVATE
LIMITED
LIMITED LIMITED
Principal place of business of subsidiary
Mumbai Mumbai Mumbai Mumbai
consolidated
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary consolidated
Date of end of reporting period of
financial statements of subsidiary 31/03/2022 31/03/2022 31/03/2022 31/03/2022
consolidated
Description of reason why using
different reporting date or period for NA NA NA NA
subsidiary consolidated
Proportion of ownership interest in
100.00% 100.00% 100.00% 100.00%
subsidiary consolidated
Proportion of voting power held in
0.00% 0.00% 0.00% 0.00%
subsidiary consolidated

190
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(5)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 17 18 19 20
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of details of subsidiaries [Abstract]
Disclosure of details of subsidiaries
[LineItems]
CMES POWER 1 Clean Max Surya
Clean Max Scorpius Clean Max Bhoomi
Name of subsidiary consolidated PRIVATE
Private Limited Private Limited
Energy Private
LIMITED Limited
Principal place of business of subsidiary
Mumbai Mumbai Mumbai Mumbai
consolidated
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary consolidated
Date of end of reporting period of
financial statements of subsidiary 31/03/2022 31/03/2022 31/03/2022 31/03/2022
consolidated
Description of reason why using
different reporting date or period for NA NA NA NA
subsidiary consolidated
Proportion of ownership interest in
100.00% 74.00% 100.00% 100.00%
subsidiary consolidated
Proportion of voting power held in
0.00% 0.00% 0.00% 0.00%
subsidiary consolidated

Disclosure of details of subsidiaries [Table] ..(6)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 21 22 23 24
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of details of subsidiaries [Abstract]
Disclosure of details of subsidiaries
[LineItems]
Clean Max Aditya Clean Max Sphere Clean Max Vent
Clean Max Khanak
Name of subsidiary consolidated Private Limited
Power Private Energy Private Power Private
Limited Limited Limited
Principal place of business of subsidiary
Mumbai Mumbai Mumbai Mumbai
consolidated
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary consolidated
Date of end of reporting period of
financial statements of subsidiary 31/03/2022 31/03/2022 31/03/2022 31/03/2022
consolidated
Description of reason why using
different reporting date or period for NA NA NA NA
subsidiary consolidated
Proportion of ownership interest in
100.00% 100.00% 100.00% 100.00%
subsidiary consolidated
Proportion of voting power held in
0.00% 0.00% 0.00% 0.00%
subsidiary consolidated

191
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(7)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 25 26 27 28
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of details of subsidiaries [Abstract]
Disclosure of details of subsidiaries
[LineItems]
Cleanmax Solar Clean Max Deneb Clean Max Pluto Clean Max Regulus
Name of subsidiary consolidated Mena FZCO Power LLP Solar Power LLP Power LLP
Principal place of business of subsidiary
dubai Mumbai Mumbai Mumbai
consolidated
Country of incorporation or residence of UNITED ARAB
INDIA INDIA INDIA
subsidiary consolidated EMIRATES
Date of end of reporting period of
financial statements of subsidiary 31/03/2022 31/03/2022 31/03/2022 31/03/2022
consolidated
Description of reason why using
different reporting date or period for NA NA NA NA
subsidiary consolidated
Proportion of ownership interest in
100.00% 74.00% 74.00% 9999.00%
subsidiary consolidated
Proportion of voting power held in
0.00% 0.00% 0.00% 0.00%
subsidiary consolidated

Disclosure of details of subsidiaries [Table] ..(8)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 29 30 31 32
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of details of subsidiaries [Abstract]
Disclosure of details of subsidiaries
[LineItems]
Clean Max Orion Clean Max Scorpius Clean Max Auriga Clean Max Vega
Name of subsidiary consolidated Power LLP Power LLP Power LLP Power LLP
Principal place of business of subsidiary
Mumbai Mumbai Mumbai Mumbai
consolidated
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary consolidated
Date of end of reporting period of
financial statements of subsidiary 31/03/2022 31/03/2022 31/03/2022 31/03/2022
consolidated
Description of reason why using
different reporting date or period for NA NA NA NA
subsidiary consolidated
Proportion of ownership interest in
9999.00% 9999.00% 9999.00% 66.00%
subsidiary consolidated
Proportion of voting power held in
0.00% 0.00% 0.00% 0.00%
subsidiary consolidated

192
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(9)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 33 34 35 36
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of details of subsidiaries [Abstract]
Disclosure of details of subsidiaries
[LineItems]
Clean M a x Clean Max Venus Clean Max Fusion Clean Max Solstice
Name of subsidiary consolidated Suryamukhi LLP Power LLP Power LLP Power LLP
Principal place of business of subsidiary
Mumbai Mumbai Mumbai Mumbai
consolidated
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary consolidated
Date of end of reporting period of
financial statements of subsidiary 31/03/2022 31/03/2022 31/03/2022 31/03/2022
consolidated
Description of reason why using
different reporting date or period for NA NA NA NA
subsidiary consolidated
Proportion of ownership interest in
100.00% 100.00% 100.00% 100.00%
subsidiary consolidated
Proportion of voting power held in
0.00% 0.00% 0.00% 0.00%
subsidiary consolidated

Disclosure of details of subsidiaries [Table] ..(10)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 37 38 39 40
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of details of subsidiaries [Abstract]
Disclosure of details of subsidiaries
[LineItems]
Clean Max IPP 3 Clean Max Power 3 Clean Max Hybrid Clean Max Agni 2
Name of subsidiary consolidated Power LLP LLP Power LLP Power LLP
Principal place of business of subsidiary
Mumbai Mumbai Mumbai Mumbai
consolidated
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary consolidated
Date of end of reporting period of
financial statements of subsidiary 31/03/2022 31/03/2022 31/03/2022 31/03/2022
consolidated
Description of reason why using
different reporting date or period for NA NA NA NA
subsidiary consolidated
Proportion of ownership interest in
100.00% 100.00% 100.00% 100.00%
subsidiary consolidated
Proportion of voting power held in
0.00% 0.00% 0.00% 0.00%
subsidiary consolidated

193
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(11)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 41 42 43 44
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of details of subsidiaries [Abstract]
Disclosure of details of subsidiaries
[LineItems]
Clean Max Charge Clean Max Helios Clean Max Light Clean Max Vital
Name of subsidiary consolidated LLP Power LLP Power LLP Energy LLP
Principal place of business of subsidiary
Mumbai Mumbai Mumbai Mumbai
consolidated
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary consolidated
Date of end of reporting period of
financial statements of subsidiary 31/03/2022 31/03/2022 31/03/2022 31/03/2022
consolidated
Description of reason why using
different reporting date or period for NA NA NA NA
subsidiary consolidated
Proportion of ownership interest in
100.00% 100.00% 100.00% 100.00%
subsidiary consolidated
Proportion of voting power held in
0.00% 0.00% 0.00% 0.00%
subsidiary consolidated

Disclosure of details of subsidiaries [Table] ..(12)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 45 46 47 48
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of details of subsidiaries [Abstract]
Disclosure of details of subsidiaries
[LineItems]
Clean Max
Clean Max Proclus Clean Max Augus Clean Max Circe
Name of subsidiary consolidated Energy LLP
Hyperion Power
Power LLP Power LLP
LLP
Principal place of business of subsidiary
Mumbai Mumbai Mumbai Mumbai
consolidated
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary consolidated
Date of end of reporting period of
financial statements of subsidiary 31/03/2022 31/03/2022 31/03/2022 31/03/2022
consolidated
Description of reason why using
different reporting date or period for NA NA NA NA
subsidiary consolidated
Proportion of ownership interest in
100.00% 100.00% 100.00% 100.00%
subsidiary consolidated
Proportion of voting power held in
0.00% 0.00% 0.00% 0.00%
subsidiary consolidated

194
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(13)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 49 50 51 52
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of details of subsidiaries [Abstract]
Disclosure of details of subsidiaries
[LineItems]
KPJ Renewable Clean Max Apollo Clean Max Actis
Name of subsidiary consolidated Power Projects LLP Power LLP Energy LLP
CMES Animo LLP

Principal place of business of subsidiary

Mumbai Mumbai Mumbai Mumbai
consolidated
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary consolidated
Date of end of reporting period of
financial statements of subsidiary 31/03/2022 31/03/2022 31/03/2022 31/03/2022
consolidated
Description of reason why using
different reporting date or period for NA NA NA NA
subsidiary consolidated
Proportion of ownership interest in
100.00% 100.00% 100.00% 100.00%
subsidiary consolidated
Proportion of voting power held in
0.00% 0.00% 0.00% 0.00%
subsidiary consolidated

Disclosure of details of subsidiaries [Table] ..(14)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 53 54 55 56
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of details of subsidiaries [Abstract]
Disclosure of details of subsidiaries
[LineItems]
CLEAN MAX CLEAN MAX
KAS On Site Power
Name of subsidiary consolidated CMES Rhea LLP
Solutions LLP
ZEUS PRIVATE VAYU PRIVATE
LIMITED LIMITED
Principal place of business of subsidiary
Mumbai Mumbai Mumbai Mumbai
consolidated
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary consolidated
Date of end of reporting period of
financial statements of subsidiary 31/03/2022 31/03/2022 31/03/2022 31/03/2022
consolidated
Description of reason why using
different reporting date or period for NA NA NA NA
subsidiary consolidated
Proportion of ownership interest in
99.99% 73.00% 100.00% 80.00%
subsidiary consolidated
Proportion of voting power held in
0.00% 0.00% 0.00% 0.00%
subsidiary consolidated

195
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(15)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 57 58 59 60
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of details of subsidiaries [Abstract]
Disclosure of details of subsidiaries
[LineItems]
CLEAN MAX CLEAN MAX
KRATOS MAXIMUS Clean Max Harsha Het Energy
Name of subsidiary consolidated PRIVATE PRIVATE Solar LLP Technology LLP
LIMITED LIMITED
Principal place of business of subsidiary
Mumbai Mumbai Mumbai Mumbai
consolidated
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary consolidated
Date of end of reporting period of
financial statements of subsidiary 31/03/2022 31/03/2022 31/03/2022 31/03/2022
consolidated
Description of reason why using
different reporting date or period for NA NA NA NA
subsidiary consolidated
Proportion of ownership interest in
74.00% 100.00% 50.00% 100.00%
subsidiary consolidated
Proportion of voting power held in
0.00% 0.00% 0.00% 0.00%
subsidiary consolidated

Disclosure of details of subsidiaries [Table] ..(16)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 61 62 63 64
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of details of subsidiaries [Abstract]
Disclosure of details of subsidiaries
[LineItems]
Clean Max Hybrid 2 Clean Max IPP 4
Yashaswa Power Clean Max Dhyuti
Name of subsidiary consolidated LLP
Power Private Power Private
Private Limited
Limited Limited
Principal place of business of subsidiary
Mumbai Mumbai Mumbai Mumbai
consolidated
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary consolidated
Date of end of reporting period of
financial statements of subsidiary 31/03/2022 31/03/2022 31/03/2022 31/03/2022
consolidated
Description of reason why using
different reporting date or period for NA NA NA NA
subsidiary consolidated
Proportion of ownership interest in
100.00% 100.00% 100.00% 100.00%
subsidiary consolidated
Proportion of voting power held in
0.00% 0.00% 0.00% 0.00%
subsidiary consolidated

196
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of subsidiaries [Table] ..(17)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 65 66 67 68
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of details of subsidiaries [Abstract]
Disclosure of details of subsidiaries
[LineItems]
Cleanmax Energy
Clean Max Thennal Clean Max Power 4 Cleanmax IHQ
Name of subsidiary consolidated Private Limited Private Limited (Thailand) Co.Ltd
(THAILAND) CO.,
LTD
Principal place of business of subsidiary
Mumbai Mumbai Thailand Thailand
consolidated
Country of incorporation or residence of
INDIA INDIA THAILAND THAILAND
subsidiary consolidated
Date of end of reporting period of
financial statements of subsidiary 31/03/2022 31/03/2022 31/03/2022 31/03/2022
consolidated
Description of reason why using
different reporting date or period for NA NA NA NA
subsidiary consolidated
Proportion of ownership interest in
100.00% 100.00% 100.00% 100.00%
subsidiary consolidated
Proportion of voting power held in
0.00% 0.00% 0.00% 0.00%
subsidiary consolidated

Disclosure of details of subsidiaries [Table] ..(18)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 69 70
01/04/2021 01/04/2021
to to
31/03/2022 31/03/2022
Disclosure of details of subsidiaries [Abstract]
Disclosure of details of subsidiaries [LineItems]
Clean Max Alpha
Sunroof Enviro
Lease Co FZCO*
Name of subsidiary consolidated (upto 7th October
Solar Energy
Systems LLC
2021)
Principal place of business of subsidiary consolidated Dubai Dubai
UNITED ARAB UNITED ARAB
Country of incorporation or residence of subsidiary consolidated EMIRATES EMIRATES
Date of end of reporting period of financial statements of subsidiary
31/03/2022 31/03/2022
consolidated
Description of reason why using different reporting date or period for
NA NA
subsidiary consolidated
Proportion of ownership interest in subsidiary consolidated 0.00% 49.00%
Proportion of voting power held in subsidiary consolidated 0.00% 0.00%

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021
to
31/03/2022
Disclosure of notes on consolidated financial statements explanatory
[TextBlock]
Whether consolidated financial statements is applicable on company Yes
Disclosure of details of subsidiaries [TextBlock]
Disclosure of additional information consolidated financial statements
[TextBlock]

197
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[611400] Notes - Separate financial statements

Disclosure of subsidiaries [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 1 2
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries
[Abstract]
Disclosure of subsidiaries [Line
items]
CLEAN MAX COGEN CLEAN MAX COGEN
CMES POWER 2 CMES POWER 2
Name of subsidiary SOLUTIONS PRIVATE SOLUTIONS PRIVATE
PRIVATE LIMITED PRIVATE LIMITED
LIMITED LIMITED
CIN of subsidiary company U93030MH2010PTC210319 U93030MH2010PTC210319 U74110MH2017PTC302997 U74110MH2017PTC302997
Permanent account number of
AAECC2039E AAECC2039E AAHCC3269M AAHCC3269M
subsidiary company
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary

Disclosure of subsidiaries [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 3 4
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries
[Abstract]
Disclosure of subsidiaries [Line
items]
CMES INFINITY CMES INFINITY CMES SATURN PRIVATE CMES SATURN PRIVATE
Name of subsidiary PRIVATE LIMITED PRIVATE LIMITED LIMITED LIMITED
CIN of subsidiary company U74999MH2018PTC314925 U74999MH2018PTC314925 U74999MH2018PTC313713 U74999MH2018PTC313713
Permanent account number of
AAHCC7643R AAHCC7643R AAHCC7341N AAHCC7341N
subsidiary company
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary

Disclosure of subsidiaries [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 5 6
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
CMES Universe
Name of subsidiary LLP
CMES Universe LLP CMES URJA LLP CMES URJA LLP

Permanent account number of subsidiary company AAPFC7010F AAPFC7010F AAPFC7009Q AAPFC7009Q

Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary

198
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of subsidiaries [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 7 8
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries
[Abstract]
Disclosure of subsidiaries [Line
items]
CHITRADURGA CHITRADURGA
RENEWABLE ENERGY RENEWABLE ENERGY CLEAN MAX SCORPIUS CLEAN MAX SCORPIUS
Name of subsidiary INDIA PRIVATE INDIA PRIVATE PRIVATE LIMITED PRIVATE LIMITED
LIMITED LIMITED
CIN of subsidiary company U74999KA2018PTC114028 U74999KA2018PTC114028 U40107MH2020PTC340476 U40107MH2020PTC340476
Permanent account number of
AAHCC6319C AAHCC6319C AAICC7483L AAICC7483L
subsidiary company
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary

Disclosure of subsidiaries [Table] ..(5)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 9 10
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
CLEAN MAX ENERGY CLEAN MAX ENERGY
Clean Max Apollo Clean Max Apollo
Name of subsidiary Power LLP Power LLP
VENTURES PRIVATE VENTURES PRIVATE
LIMITED LIMITED
CIN of subsidiary company U74110MH2011PTC216939 U74110MH2011PTC216939
Permanent account number of subsidiary
AAOFC9159N AAOFC9159N AAECC5179P AAECC5179P
company
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary

Disclosure of subsidiaries [Table] ..(6)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 11 12
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries
[Abstract]
Disclosure of subsidiaries [Line
items]
CLEAN MAX POWER CLEAN MAX POWER
CLEANMAX IPP 1 CLEANMAX IPP 1
Name of subsidiary PROJECTS PRIVATE PROJECTS PRIVATE
PRIVATE LIMITED PRIVATE LIMITED
LIMITED LIMITED
CIN of subsidiary company U93030MH2011PTC216775 U93030MH2011PTC216775 U74999MH2017PTC292173 U74999MH2017PTC292173
Permanent account number of
AAECC5177D AAECC5177D AAGCC8736Q AAGCC8736Q
subsidiary company
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary

199
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of subsidiaries [Table] ..(7)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 13 14
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries
[Abstract]
Disclosure of subsidiaries [Line
items]
CLEAN MAX MERCURY CLEAN MAX MERCURY
CLEANMAX IPP 2 CLEANMAX IPP 2
Name of subsidiary PRIVATE LIMITED PRIVATE LIMITED
POWER PRIVATE POWER PRIVATE
LIMITED LIMITED
CIN of subsidiary company U74999MH2017PTC298583 U74999MH2017PTC298583 U74999MH2017PTC298785 U74999MH2017PTC298785
Permanent account number of
AAHCC1462C AAHCC1462C AAHCC1550F AAHCC1550F
subsidiary company
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary

Disclosure of subsidiaries [Table] ..(8)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 15 16
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries
[Abstract]
Disclosure of subsidiaries [Line
items]
CLEAN MAX CLEAN MAX
CMES JUPITER PRIVATE CMES JUPITER PRIVATE
Name of subsidiary PHOTOVOLTAIC PHOTOVOLTAIC
LIMITED LIMITED
PRIVATE LIMITED PRIVATE LIMITED
CIN of subsidiary company U74999MH2017PTC298730 U74999MH2017PTC298730 U74110MH2017PTC300702 U74110MH2017PTC300702
Permanent account number of
AAHCC1521A AAHCC1521A AAHCC2356D AAHCC2356D
subsidiary company
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary

Disclosure of subsidiaries [Table] ..(9)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 17 18
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries
[Abstract]
Disclosure of subsidiaries [Line
items]
CMES POWER 1 CMES POWER 1 CLEAN MAX BHOOMI CLEAN MAX BHOOMI
Name of subsidiary PRIVATE LIMITED PRIVATE LIMITED PRIVATE LIMITED PRIVATE LIMITED
CIN of subsidiary company U74999MH2017PTC300936 U74999MH2017PTC300936 U40106MH2020PTC352376 U40106MH2020PTC352376
Permanent account number of
AAHCC2452N AAHCC2452N AAJCC1925E
subsidiary company
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary

200
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of subsidiaries [Table] ..(10)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 19 20
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries
[Abstract]
Disclosure of subsidiaries [Line
items]
CLEAN MAX SURYA CLEAN MAX SURYA
CLEAN MAX KHANAK CLEAN MAX KHANAK
Name of subsidiary ENERGY PRIVATE ENERGY PRIVATE
PRIVATE LIMITED PRIVATE LIMITED
LIMITED LIMITED
CIN of subsidiary company U40106MH2020PTC339876 U40106MH2020PTC339876 U40200MH2020PTC352542 U40200MH2020PTC352542
Permanent account number of
AAICC7186Q AAICC7186Q AAJCC1986F AAJCC1986F
subsidiary company
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary

Disclosure of subsidiaries [Table] ..(11)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 21 22
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries
[Abstract]
Disclosure of subsidiaries [Line
items]
CLEAN MAX ADITYA CLEAN MAX ADITYA CLEAN MAX SPHERE CLEAN MAX SPHERE
Name of subsidiary POWER PRIVATE POWER PRIVATE ENERGY PRIVATE ENERGY PRIVATE
LIMITED LIMITED LIMITED LIMITED
CIN of subsidiary company U40106MH2020PTC340093 U40106MH2020PTC340093 U40300MH2020PTC340577 U40300MH2020PTC340577
Permanent account number of
AAICC7299L AAICC7299L AAICC7522Q AAICC7522Q
subsidiary company
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary

Disclosure of subsidiaries [Table] ..(12)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 23 24
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
CLEAN MAX VENT CLEAN MAX VENT
Cleanmax Solar Cleanmax Solar
Name of subsidiary POWER PRIVATE POWER PRIVATE
Mena FZCO Mena FZCO
LIMITED LIMITED
CIN of subsidiary company U40108MH2020PTC340578 U40108MH2020PTC340578
Permanent account number of subsidiary
AAICC7523R AAICC7523R
company
Country of incorporation or residence of UNITED ARAB UNITED ARAB
INDIA INDIA
subsidiary EMIRATES EMIRATES

Disclosure of subsidiaries [Table] ..(13)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 25 26
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max Regulus Clean Max Regulus Clean Max Orion Clean Max Orion
Name of subsidiary Power LLP Power LLP Power LLP Power LLP
Permanent account number of subsidiary company AAOFC1974D AAOFC1974D AAOFC3440J AAOFC3440J
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary

201
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of subsidiaries [Table] ..(14)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 27 28
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max Scorpius Clean Max Scorpius Clean Max Auriga Clean Max Auriga
Name of subsidiary Power LLP Power LLP Power LLP Power LLP
Permanent account number of subsidiary company AAOFC3439R AAOFC3439R AAOFC3436A AAOFC3436A
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary

Disclosure of subsidiaries [Table] ..(15)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 29 30
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max Vega Clean Max Vega C l e a n Max Clean Max
Name of subsidiary Power LLP Power LLP Suryamukhi LLP Suryamukhi LLP
Permanent account number of subsidiary company AAOFC1122B AAOFC1122B AANFC8391D AANFC8391D
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary

Disclosure of subsidiaries [Table] ..(16)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 31 32
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max Venus Clean Max Venus Clean Max Fusion Clean Max Fusion
Name of subsidiary Power LLP Power LLP Power LLP Power LLP
Permanent account number of subsidiary company AANFC8266B AANFC8266B AAOFC5456E AAOFC5456E
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary

Disclosure of subsidiaries [Table] ..(17)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 33 34
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max Solstice Clean Max Solstice Clean Max IPP 3 Clean Max IPP 3
Name of subsidiary Power LLP Power LLP Power LLP Power LLP
Permanent account number of subsidiary company AAOFC5354P AAOFC5354P AAOFC8333Q AAOFC8333Q
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary

Disclosure of subsidiaries [Table] ..(18)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 35 36
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max Power 3 Clean Max Power 3 Clean Max Hybrid Clean Max Hybrid
Name of subsidiary LLP LLP Power LLP Power LLP
Permanent account number of subsidiary company AAOFC8581A AAOFC8581A AAPFC1008D AAPFC1008D
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary

202
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of subsidiaries [Table] ..(19)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 37 38
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max Agni 2 Clean Max Agni 2 Clean Max Charge Clean Max Charge
Name of subsidiary Power LLP Power LLP LLP LLP
Permanent account number of subsidiary company AAPFC1651C AAPFC1651C AAPFC1653A AAPFC1653A
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary

Disclosure of subsidiaries [Table] ..(20)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 39 40
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max Helios Clean Max Helios Clean Max Light Clean Max Light
Name of subsidiary Power LLP Power LLP Power LLP Power LLP
Permanent account number of subsidiary company AAPFC1654H AAPFC1654H AAPFC1652B AAPFC1652B
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary

Disclosure of subsidiaries [Table] ..(21)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 41 42
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max Vital Clean Max Vital Clean Max Proclus Clean Max Proclus
Name of subsidiary Energy LLP Energy LLP Energy LLP Energy LLP
Permanent account number of subsidiary company AAPFC2670M AAPFC2670M AAPFC2674R AAPFC2674R
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary

Disclosure of subsidiaries [Table] ..(22)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 43 44
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max
Clean Max Hyperion Clean Max Augus Clean Max Augus
Name of subsidiary Hyperion Power
Power LLP Power LLP Power LLP
LLP
Permanent account number of subsidiary company AAPFC2675Q AAPFC2675Q AAPFC2673J AAPFC2673J
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary

Disclosure of subsidiaries [Table] ..(23)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 45 46
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max Circe Clean Max Circe KPJ Renewable KPJ Renewable
Name of subsidiary Power LLP Power LLP Power Projects LLP Power Projects LLP
Permanent account number of subsidiary company AAPFC2671L AAPFC2671L AAPFK2434F AAPFK2434F
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary

203
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of subsidiaries [Table] ..(24)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 47 48
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max Actis Clean Max Actis Clean Max Deneb Clean Max Deneb
Name of subsidiary Energy LLP Energy LLP Power LLP Power LLP
Permanent account number of subsidiary company AAPFC2672K AAPFC2672K AAOFC1121C AAOFC1121C
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary

Disclosure of subsidiaries [Table] ..(25)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 49 50
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max Pluto Clean Max Pluto
Name of subsidiary Solar Power LLP Solar Power LLP
CMES Animo LLP CMES Animo LLP

Permanent account number of subsidiary company AAOFC0693D AAOFC0693D AAPFC7008R AAPFC7008R

Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary

Disclosure of subsidiaries [Table] ..(26)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 51 52
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
KAS On Site Power KAS On Site Power
Name of subsidiary CMES Rhea LLP CMES Rhea LLP
Solutions LLP Solutions LLP
Permanent account number of subsidiary company AAPFC7005C AAPFC7005C AAPFK2654K AAPFK2654K
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary

Disclosure of subsidiaries [Table] ..(27)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 53 54 55 56
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
Clean Max CLEAN MAX KRATOS CLEAN MAX MAXIMUS CLEAN MAX VAYU
Name of subsidiary Harsha Solar LLP PRIVATE LIMITED PRIVATE LIMITED PRIVATE LIMITED
CIN of subsidiary company U40106MH2021PTC364757 U40109MH2021PTC364515 U40106MH2021PTC364216
Permanent account number of
AAKFC6438J
subsidiary company
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary

204
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of subsidiaries [Table] ..(28)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 57 58
01/04/2021 01/04/2021
to to
31/03/2022 31/03/2022
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
CLEAN MAX ZEUS Clean Max Alpha
Name of subsidiary PRIVATE LIMITED LeaseCo FZCO
CIN of subsidiary company U40106MH2021PTC364247
UNITED ARAB
Country of incorporation or residence of subsidiary INDIA
EMIRATES

Disclosure of associates [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Associates [Axis] 1
01/04/2021
to
31/03/2022
Disclosure of associates [Abstract]
Disclosure of associates [Line items]
Clean Max Alpha
Name of associate entity Lease Co FZCO
UNITED ARAB
Country of incorporation of associate EMIRATES
Proportion of ownership interest in associate 72.00%
Proportion of voting rights held in associate 72.00%

205
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[610800] Notes - Related party

Disclosure of transactions between related parties [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Subsidiaries [Member]
Related party [Axis] 1 2
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of transactions between
related parties
[Abstract]
Disclosure of transactions
between related
parties [Line items]
CHITRADURGA CHITRADURGA
CLEAN MAX COGEN CLEAN MAX COGEN
RENEWABLE ENERGY RENEWABLE ENERGY
Name of related party SOLUTIONS PRIVATE SOLUTIONS PRIVATE
INDIA PRIVATE INDIA PRIVATE
LIMITED LIMITED
LIMITED LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
related party
Permanent account number of
AAECC2039E AAECC2039E AAHCC6319C AAHCC6319C
related party
CIN of related party U93030MH2010PTC210319 U93030MH2010PTC210319 U74999KA2018PTC114028 U74999KA2018PTC114028
Description of nature of Sale of Products/ Projects,
Sale of Products / Projects, Sale of Products / Projects,
Other Operating Income, Sale of Products / Projects,
transactions with Purchase of operation and
Purchase of Goods and Rendering of Services,
Rendering of Services
related party Services Other Operating Income
maintainence services
Description of nature of related
party Common Director Common Director Common Director Common Director
relationship
Related party transactions
[Abstract]
Purchases of goods related
40.43 35.67
party transactions
Revenue from sale of goods
related party 21.2 11.76 0 0
transactions
Revenue from rendering of
services related 0.63 0 0
party transactions
Other related party
transactions 0.39 0.04
contribution made
Other related party
transactions 0 0 0 0
contribution received
Outstanding balances for
related party
transactions [Abstract]
Amounts payable related
0 0 0 0
party transactions
Amounts receivable related
0 0 0 0
party transactions
Outstanding commitments
made by entity, 0 0 0 0
related party transactions
Outstanding commitments
made on behalf
0 0 0 0
of entity, related party
transactions
Explanation of terms and
conditions of
outstanding balances for NA NA
related party
transaction
Explanation of details of
guarantees given
or received of outstanding NA NA
balances for
related party transaction

206
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Provisions for doubtful debts

related to
outstanding balances of related 0 0 0 0
party
transaction
Expense recognised during
period for bad
and doubtful debts for related 0 0 0 0
party
transaction

207
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of transactions between related parties [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Subsidiaries [Member]
Related party [Axis] 3 4
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of transactions
between related parties
[Abstract]
Disclosure of transactions
between related
parties [Line items]
CMES POWER 2 CMES POWER 2 CMES JUPITER PRIVATE CMES JUPITER PRIVATE
Name of related party PRIVATE LIMITED PRIVATE LIMITED LIMITED LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
related party
Permanent account number of
AAHCC3269M AAHCC3269M AAHCC2356D AAHCC2356D
related party
CIN of related party U74110MH2017PTC302997 U74110MH2017PTC302997 U74110MH2017PTC300702 U74110MH2017PTC300702
Description of nature of
Sale of Products / Projects,
transactions with Sale of Products / Projects Sale of Products / Projects
Other Operating Income
Sale of Products / Projects
related party
Description of nature of
related party Common Director Common Director Common Director Common Director
relationship
Related party transactions
[Abstract]
Revenue from sale of goods
related party 0 0 443.92 255.09
transactions
Transfers under finance
agreements from
2.68 3.7
entity, related party
transactions
Other related party
transactions 1.14
contribution made
Other related party
transactions 0 0 0 0
contribution received
Outstanding balances for
related party
transactions [Abstract]
Amounts payable related
0 0 0 0
party transactions
Amounts receivable related
0 0 0 0
party transactions
Outstanding commitments
made by entity, 0 0 0 0
related party transactions
Outstanding commitments
made on behalf
0 0 0 0
of entity, related party
transactions
Explanation of terms and
conditions of
outstanding balances for NA NA
related party
transaction
Explanation of details of
guarantees given
or received of outstanding NA NA
balances for
related party transaction
Provisions for doubtful debts
related to
outstanding balances of 0 0 0 0
related party
transaction
Expense recognised during
period for bad
and doubtful debts for related 0 0 0 0
party
transaction

208
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of transactions between related parties [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Subsidiaries [Member]
Related party [Axis] 5 6
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of transactions
between related parties
[Abstract]
Disclosure of transactions
between related
parties [Line items]
CLEAN MAX ENERGY
CLEANMAX IPP 1 CLEANMAX IPP 1 Clean Max Aditya Power
Name of related party VENTURES PRIVATE
PRIVATE LIMITED PRIVATE LIMITED Private Limited
LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
related party
Permanent account number of
AAECC5179P AAGCC8736Q AAGCC8736Q AAICC7299L
related party
CIN of related party U74110MH2011PTC216939 U74999MH2017PTC292173 U74999MH2017PTC292173 U40106MH2020PTC340093
Sale of Products / Projects,
Description of nature of Rendering of Services,
Sale of Products / Projects, Sale of Products / Projects,
transactions with Other Operating Income
Rendering of Services
Other Operating Income,
Rendering of Services
related party Purchase of property, plant
and equipment
Description of nature of
related party Common Director Common Director Common Director Common Director
relationship
Related party transactions
[Abstract]
Revenue from sale of goods
related party 687.24 0 521.36
transactions
Purchases of property and
other assets, 17.14
related party transactions
Revenue from rendering of
services related 25.78 32.88 0.36
party transactions
Other related party
transactions 0 2.22
contribution made
Other related party
transactions 0 0 0 0
contribution received
Outstanding balances for
related party
transactions [Abstract]
Amounts payable related
0 0 0 0
party transactions
Amounts receivable related
0 0 0 0
party transactions
Outstanding commitments
made by entity, 0 0 0 0
related party transactions
Outstanding commitments
made on behalf
0 0 0 0
of entity, related party
transactions
Explanation of terms and
conditions of
outstanding balances for NA
related party
transaction
Explanation of details of
guarantees given
or received of outstanding NA
balances for
related party transaction
Provisions for doubtful debts
related to
outstanding balances of 0 0 0 0
related party
transaction

209
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Expense recognised during

period for bad
and doubtful debts for related 0 0 0 0
party
transaction

Disclosure of transactions between related parties [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Subsidiaries [Member]
Related party [Axis] 7 8
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of transactions
between related parties
[Abstract]
Disclosure of transactions
between related
parties [Line items]
CLEAN MAX VENT
CLEAN MAX SCORPIUS Clean Max Vent Power Clean Max Scorpius Private
Name of related party PRIVATE LIMITED Private Limited
POWER PRIVATE
Limited
LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
related party
Permanent account number of
AAICC7483L AAICC7523R AAICC7523R AAICC7483L
related party
CIN of related party U40107MH2020PTC340476 U40108MH2020PTC340578 U40108MH2020PTC340578 U40107MH2020PTC340476
Description of nature of
Sale of Products / Projects,
transactions with Sale of Products / Projects Sale of Products / Projects
Other Operating Income
Sale of Products / Projects
related party
Description of nature of
related party Common Director Common Director Common Director Common Director
relationship
Related party transactions
[Abstract]
Revenue from sale of goods
related party 472.31 158.4 1,383.06 1,013.5
transactions
Revenue from rendering of
services related 10.67
party transactions
Transfers under finance
agreements from
22.87
entity, related party
transactions
Other related party
transactions 0.87 0.91
contribution made
Other related party
transactions 0 0 0 0
contribution received
Outstanding balances for
related party
transactions [Abstract]
Amounts payable related
0 0 0 0
party transactions
Amounts receivable related
0 0 0 0
party transactions
Outstanding commitments
made by entity, 0 0 0 0
related party transactions
Outstanding commitments
made on behalf
0 0 0 0
of entity, related party
transactions
Provisions for doubtful debts
related to
outstanding balances of 0 0 0 0
related party
transaction
Expense recognised during
period for bad
and doubtful debts for related 0 0 0 0
party
transaction

210
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of transactions between related parties [Table] ..(5)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Subsidiaries [Member]
Related party [Axis] 9 10
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of transactions
between related parties
[Abstract]
Disclosure of transactions
between related
parties [Line items]
CLEAN MAX ADITYA CLEAN MAX MERCURY
CLEANMAX IPP 2 CLEANMAX IPP 2
Name of related party POWER PRIVATE
PRIVATE LIMITED PRIVATE LIMITED
POWER PRIVATE
LIMITED LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
related party
Permanent account number of
AAICC7299L AAHCC1462C AAHCC1462C AAHCC1550F
related party
CIN of related party U40106MH2020PTC340093 U74999MH2017PTC298583 U74999MH2017PTC298583 U74999MH2017PTC298785
Description of nature of Sale of Products
Sale of Products / Projects, Sale of Products /
/Projects,Rendering of Sale of Products / Projects,
transactions with Sale of operations & Projects,Rendering of
Services, Other Operating Sale of Capital Assets
related party Maintenance Services Services
Income
Description of nature of
related party Common Director Common Director Common Director Common Director
relationship
Related party transactions
[Abstract]
Revenue from sale of goods
related party 380.35 1.28 5.79 1.34
transactions
Sales of property and other
assets, related 0
party transactions
Revenue from rendering of
services related 8.56 25.58 26.86 25.58
party transactions
Other related party
transactions 0.32 1.32
contribution made
Other related party
transactions 0 0 0 0
contribution received
Outstanding balances for
related party
transactions [Abstract]
Amounts payable related
0 0 0 0
party transactions
Amounts receivable related
0 0 0 0
party transactions
Outstanding commitments
made by entity, 0 0 0 0
related party transactions
Outstanding commitments
made on behalf
0 0 0 0
of entity, related party
transactions
Explanation of terms and
conditions of
outstanding balances for NA NA
related party
transaction
Explanation of details of
guarantees given
or received of outstanding NA NA
balances for
related party transaction
Provisions for doubtful debts
related to
outstanding balances of 0 0 0 0
related party
transaction

211
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Expense recognised during

period for bad
and doubtful debts for related 0 0 0 0
party
transaction

212
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of transactions between related parties [Table] ..(6)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Subsidiaries [Member]
Related party [Axis] 11 12
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of transactions
between related parties
[Abstract]
Disclosure of transactions
between related
parties [Line items]
CLEAN MAX MERCURY C L E A N MAX CLEAN M A X CLEAN MAX POWER
Name of related party POWER PRIVATE PHOTOVOLTAIC PHOTOVOLTAIC PROJECTS PRIVATE
LIMITED PRIVATE LIMITED PRIVATE LIMITED LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
related party
Permanent account number of
AAHCC1550F AAHCC1521A AAHCC1521A AAECC5177D
related party
CIN of related party U74999MH2017PTC298785 U74999MH2017PTC298730 U74999MH2017PTC298730 U93030MH2011PTC216775
Sale of Products / Projects,
Sale of Products / Projects,
Description of nature of Sale of Products / Projects, Sale of Products / Projects, Rendering of Services,
Rendering of
Sale of Capital Assets, Other Rendering of Services, Purchase of Capital assets,
transactions with Operating Income, Interest Purchase of Capital Other Operating Income,
Services,Purchase of Goods
related party and Services, Purchase of
on Loan given assets,Sale of Capital Assets Sale of Capital Assets,
Capital Assets
Interest on Loan given
Description of nature of
related party Common Director Common Director Common Director Common Director
relationship
Related party transactions
[Abstract]
Purchases of goods related
1.5
party transactions
Revenue from sale of goods
related party 0 1.15 0 2.93
transactions
Purchases of property and
other assets, 29.48 0 9.52
related party transactions
Sales of property and other
assets, related 0 44.93 0
party transactions
Revenue from rendering of
services related 26.86 25.62 26.9 16.54
party transactions
Transfers under finance
agreements from
10.41 25.94
entity, related party
transactions
Other related party
transactions 1.58 1.58
contribution made
Other related party
transactions 0 0 0 0
contribution received
Outstanding balances for
related party
transactions [Abstract]
Amounts payable related
0 0 0 0
party transactions
Amounts receivable related
0 0 0 0
party transactions
Outstanding commitments
made by entity, 0 0 0 0
related party transactions
Outstanding commitments
made on behalf
0 0 0 0
of entity, related party
transactions
Explanation of terms and
conditions of
outstanding balances for NA NA
related party
transaction

213
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Explanation of details of
guarantees given
or received of outstanding NA NA
balances for
related party transaction
Provisions for doubtful debts
related to
outstanding balances of 0 0 0 0
related party
transaction
Expense recognised during
period for bad
and doubtful debts for related 0 0 0 0
party
transaction

214
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of transactions between related parties [Table] ..(7)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Subsidiaries [Member]
Related party [Axis] 13 14
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of transactions
between related parties
[Abstract]
Disclosure of transactions
between related
parties [Line items]
CLEAN MAX POWER
CMES POWER 1 CMES POWER 1 CMES INFINITY
Name of related party PROJECTS PRIVATE
PRIVATE LIMITED PRIVATE LIMITED PRIVATE LIMITED
LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
related party
Permanent account number
AAECC5177D AAHCC2452N AAHCC2452N AAHCC7643R
of related party
CIN of related party U93030MH2011PTC216775 U74999MH2017PTC300936 U74999MH2017PTC300936 U74999MH2018PTC314925
Sale of Products / Projects,
Description of nature of Rendering of Services, Other Sale of Products / Projects,
Sale of Products / Projects,
Operating Income, Purchase Sale of Products / Projects, Rendering of Services,
transactions with of operation and maintainence Rendering of Services Other Operating Income,
Rendering of services, Sale
related party of Capital Assets
services, Purchase of Capital Interest on Loan given
assets, Interest on Loan given
Description of nature of
related party Common Director Common Director Common Director Common Director
relationship
Related party transactions
[Abstract]
Purchases of goods related
1.5
party transactions
Revenue from sale of
goods related party 1.89 2.45 0 0.1
transactions
Purchases of property and
other assets, 0
related party transactions
Sales of property and other
assets, related 76.87
party transactions
Revenue from rendering of
services related 17.36 7.99 9.41 6.95
party transactions
Transfers under finance
agreements from
19.68 12.3
entity, related party
transactions
Other related party
transactions 0.92 0.35
contribution made
Other related party
transactions 0 0 0 0
contribution received
Outstanding balances for
related party
transactions [Abstract]
Amounts payable related
0 0 0 0
party transactions
Amounts receivable related
0 0 0 0
party transactions
Outstanding commitments
made by entity, 0 0 0 0
related party transactions
Outstanding commitments
made on behalf
0 0 0 0
of entity, related party
transactions
Explanation of terms and
conditions of
outstanding balances for NA NA
related party
transaction

215
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Explanation of details of
guarantees given
or received of outstanding NA NA
balances for
related party transaction
Provisions for doubtful debts
related to
outstanding balances of 0 0 0 0
related party
transaction
Expense recognised during
period for bad
and doubtful debts for 0 0 0 0
related party
transaction

Disclosure of transactions between related parties [Table] ..(8)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Subsidiaries [Member]
Related party [Axis] 15 16 17 18
01/04/2021 01/04/2020 01/04/2020 01/04/2021
to to to to
31/03/2022 31/03/2021 31/03/2021 31/03/2022
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
CMES INFINITY Cleanmax Energy Clean Max Deneb Cleanmax Energy
Name of related party PRIVATE LIMITED (Thailand) Co.,Ltd. Power LLP (Thailand) Co.,Ltd.
Country of incorporation or residence of
INDIA THAILAND INDIA THAILAND
related party
Permanent account number of related party AAHCC7643R AAOFC1121C
CIN of related party U74999MH2018PTC314925
Sale of Products / Projects,
Rendering of services, Sale Sale of Products /
Description of nature of transactions with Sale of Products / Sale of Products /
of Capital Assets, Other Projects, Rendering
related party Projects Projects
Operating Income, Interest of Services
on Loan given
Description of nature of related party
Common Director Common Director Common Director Common Director
relationship
Related party transactions [Abstract]
Revenue from sale of goods related party
0 0 0 144.01
transactions
Sales of property and other assets, related
0
party transactions
Revenue from rendering of services related
8.51 2.08
party transactions
Transfers under finance agreements from
14.65
entity, related party transactions
Other related party transactions
0.46
contribution made
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions 0 0 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Explanation of terms and conditions of
outstanding balances for related party NA NA
transaction
Explanation of details of guarantees given
or received of outstanding balances for NA NA
related party transaction
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

216
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of transactions between related parties [Table] ..(9)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Subsidiaries [Member]
Related party [Axis] 18 19 20
01/04/2020 01/04/2021 01/04/2020 01/04/2021
to to to to
31/03/2021 31/03/2022 31/03/2021 31/03/2022
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Clean Max Pluto Clean Max Deneb Power Clean Max Vega Clean Max Pluto
Name of related party Solar Power LLP LLP Power LLP Solar Power LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
related party
Permanent account number of related party AAOFC0693D AAOFC1121C AAOFC1122B AAOFC0693D
Sale of Products / Sale of Products Sale of Products /
Sale of Products /
Description of nature of transactions with Projects, Rendering of / Projects, Projects, Rendering
Projects, Rendering
related party Services, Other Rendering of of Services, Other
of Services
Operating Income Services Operating Income
Description of nature of related party Common
Common Director Common Director Common Director
relationship Director
Related party transactions [Abstract]
Revenue from sale of goods related party
272.93 113.41 0 50.51
transactions
Revenue from rendering of services related
4.74 2.18 2.91 10.38
party transactions
Other related party transactions
0.19 0.62
contribution made
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions 0 0 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Explanation of terms and conditions of
outstanding balances for related party NA NA
transaction
Explanation of details of guarantees given
or received of outstanding balances for NA NA
related party transaction
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

217
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of transactions between related parties [Table] ..(10)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Subsidiaries [Member]
Related party [Axis] 20 21 22
01/04/2020 01/04/2021 01/04/2020 01/04/2021
to to to to
31/03/2021 31/03/2022 31/03/2021 31/03/2022
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
K P J
KAS Onsite Power Clean Max Vega Power Renewable KPJ Renewable
Name of related party Solutions LLP LLP Power Project Power Projects LLP
LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
related party
Permanent account number of related party AAPFK2654K AAOFC1122B AAPFK2434F AAPFK2434F
Sale of Products / Projects, S a l e of
Description of nature of transactions with Rendering of Sale of Products /
Rendering of Services, Products /
related party Services Projects
Other Operating Income Projects
Description of nature of related party Common
Common Director Common Director Common Director
relationship Director
Related party transactions [Abstract]
Revenue from sale of goods related party
660.64 41.79 0.88
transactions
Revenue from rendering of services related
25.18 3.09
party transactions
Other related party transactions
0.3
contribution made
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions 0 0 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Explanation of terms and conditions of
outstanding balances for related party NA
transaction
Explanation of details of guarantees given
or received of outstanding balances for NA
related party transaction
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

218
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of transactions between related parties [Table] ..(11)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Subsidiaries [Member]
Related party [Axis] 22 23 24
01/04/2020
01/04/2020 01/04/2021 01/04/2021
to to to
to
31/03/2021 31/03/2022 31/03/2022
31/03/2021
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Cleanmax
Clean Max Power 3 Cleanmax Solar
Name of related party LLP
Clean Max Power 3 LLP Solar Mena
Mena FZCO
FZCO
UNITED
Country of incorporation or residence of UNITED ARAB
INDIA INDIA ARAB
related party EMIRATES
EMIRATES
Permanent account number of related party AAOFC8581A AAOFC8581A
Sale of Products / Projects,
Sale of Sale of Products /
Description of nature of transactions with Sale of Products / Other Operating Income,
Products / Projects, Interest on
related party Projects Purchase of renewable energy
Projects Loan given
credits
Description of nature of related party Common
Common Director Common Director Common Director
relationship Director
Related party transactions [Abstract]
Purchases of goods related party transactions 9.4
Revenue from sale of goods related party
1,497.26 889.88 41.92 112.78
transactions
Revenue from rendering of services related
11.52
party transactions
Transfers under finance agreements from
8.27 48.45
entity, related party transactions
Other related party transactions
1.24
contribution made
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions 0 0 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Explanation of terms and conditions of
outstanding balances for related party NA
transaction
Explanation of details of guarantees given
or received of outstanding balances for NA
related party transaction
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

219
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of transactions between related parties [Table] ..(12)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Subsidiaries [Member]
Related party [Axis] 25 26 27 28
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Clean Max
Clean Max Auriga Clean Max Khanak Private Clean Max Vital
Name of related party LLP
Scorpius Power
Limited Energy LLP
LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
related party
Permanent account number of related party AAOFC3436A AAOFC3439R AAPFC2670M
CIN of related party U40200MH2020PTC352542
Description of nature of transactions with Sale of Products / Sale of Products / Sale of Products /
Sale of Products / Projects,
related party Projects, Projects, Projects,
Description of nature of related party
Common Director Common Director Common Director Common Director
relationship
Related party transactions [Abstract]
Revenue from sale of goods related party
312.86 505.65 235.28 261.02
transactions
Transfers under finance agreements from
1.33 0.02 0.26 1.16
entity, related party transactions
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions 0 0 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

220
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of transactions between related parties [Table] ..(13)

Unless otherwise specified, all monetary values are in Millions of INR
Key management
Associates personnel of entity
Categories of related parties [Axis] Subsidiaries [Member]
[Member] or parent
[Member]
Related party [Axis] 29 30 16 15
01/04/2021 01/04/2021 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2021
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Clean Max
CMES Saturn Private KAS Onsite Power
Name of related party Hyperion Power
Limited Solutions LLP
Kuldeep Jain
LLP
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
related party
Permanent account number of related party AAPFC2675Q AAPFK2654K AEJPJ4284J
CIN of related party U74999MH2018PTC313713
Rendering of
Description of nature of transactions with Sale of Products /
Interest on loans given Services, Other
related party Projects,
Operating Income
Description of nature of related party
Common Director Common Director Common Director Managing Director
relationship
Related party transactions [Abstract]
Revenue from sale of goods related party
428.72
transactions
Revenue from rendering of services related
26.76
party transactions
Transfers under finance agreements from
0.15
entity, related party transactions
Other related party transactions
1.7
contribution made
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 32.94
Amounts receivable related party transactions 0 0 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Explanation of terms and conditions of
outstanding balances for related party NA
transaction
Explanation of details of guarantees given
or received of outstanding balances for NA
related party transaction
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

221
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of transactions between related parties [Table] ..(14)

Unless otherwise specified, all monetary values are in Millions of INR
Key management
personnel of entity Other related
Categories of related parties [Axis]
or parent parties [Member]
[Member]
Related party [Axis] 17 31
01/04/2021 01/04/2021
to to
31/03/2022 31/03/2022
Disclosure of transactions between related parties [Abstract]
Disclosure of transactions between related parties [Line items]
Clean Max Alpha
Name of related party Kuldeep Jain
Lease Co FZCO
UNITED ARAB
Country of incorporation or residence of related party INDIA
EMIRATES
Permanent account number of related party AEJPJ4284J
Described in
Description of nature of transactions with related party Remuneration
respective column
Associate of
Description of nature of related party relationship Managing Director
subsidiary
Related party transactions [Abstract]
Revenue from sale of goods related party transactions (A) 940.89
Other related party transactions expense (B) 71.85
Other related party transactions income (C) 1,045.93
Other related party transactions contribution received 0 0
Outstanding balances for related party transactions [Abstract]
Amounts payable related party transactions 87.87 0
Amounts receivable related party transactions 0 0
Outstanding commitments made by entity, related party transactions 0 0
Outstanding commitments made on behalf of entity, related party transactions 0 0
Provisions for doubtful debts related to outstanding balances of related party
0 0
transaction
Expense recognised during period for bad and doubtful debts for related party
0 0
transaction

Footnotes
(A) Revenue from Projects
(B) Amount due to customers under contruction contract
(C) Interest Income: 17.29 Loan Recoverable: 511.46 Amount due from customers under contruction contract: 51.25 Due from
Associate: 5.66 Interest receivable: 17.56 Advance received: 112.24 Investment value: 330.47
Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of related party [TextBlock]
Whether there are any related party transactions during year Yes Yes
Disclosure of transactions between related parties [TextBlock]
Whether entity applies exemption in Ind AS 24.25 No No

[611700] Notes - Other provisions, contingent liabilities and contingent assets

Disclosure of contingent liabilities [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of contingent liabilities [Axis] Tax contingent liability [Member]
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of contingent liabilities [Abstract]
Disclosure of contingent liabilities [Line items]
Income Tax
Description of nature of obligation, contingent liabilities Liability
Income Tax Liability

Estimated financial effect of contingent liabilities (A) 883.3 200.93

Footnotes
(A) Income tax liability that may arise in respect of which the Group is in appeal. : 200.93 Good and Service Tax liability of joint
venture : 11.27 Good and Service Tax demand as per form DRC-01A* : 671.1

222
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of other provisions, contingent liabilities and contingent assets
[TextBlock]
Disclosure of contingent liabilities [TextBlock]
Whether there are any contingent liabilities Yes Yes

[610500] Notes - Events after reporting period

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of events after reporting period [TextBlock]
Disclosure of non-adjusting events after reporting period [TextBlock]
Whether there are non adjusting events after reporting period No No

[612500] Notes - Share-based payment arrangements

Disclosure of terms and conditions of share-based payment arrangement [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Types of share-based payment arrangements [Axis] 1
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of terms and conditions of share-based payment arrangement [Abstract]
Disclosure of terms and conditions of share-based payment arrangement [Line items]
Employee Stock Employee Stock
Description of share-based payment arrangement Option Plan Option Plan
6 MONTHS to 5 6 MONTHS to 5
Description of vesting requirements for share-based payment arrangement Years Years
Description of maximum term of options granted for share-based payment
10 YEARS 10 YEARS
arrangement
Description of method of settlement for share-based payment arrangement By issuing shares By issuing shares
Number of instruments granted in share-based payment arrangement [pure] 98,588 [pure] 65,646

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021 01/04/2020
to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of share-based payment arrangements [TextBlock]
Whether there are any share based payment arrangement Yes Yes
Disclosure of terms and conditions of share-based payment arrangement
[TextBlock]
Disclosure of terms and conditions of share-based payment arrangement
[Abstract]
Disclosure of number and weighted average exercise prices of share options
[TextBlock]
Number of share options outstanding in share based payment arrangement
[Abstract]
Number of share options granted in share-based payment arrangement [pure] 64,735 [pure] 4,786

Number of share options forfeited in share-based payment arrangement (A) [pure] [pure] 0
-27,634
Number of share options exercised in share-based payment arrangement [pure] 0 [pure] -3,225
Number of share options expired in share-based payment arrangement [pure] -4,159 [pure] -1,522
Total changes of number of share options outstanding in share based
[pure] 32,942 [pure] 39
payment arrangement
Number of share options outstanding in share-based payment
[pure] 98,588 [pure] 65,646 [pure] 65,607
arrangement at end of period

(A) Encashed during the year

223
CLEAN MAX ENVIRO ENERGY SOLUTIONS PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[613000] Notes - Earnings per share

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of earnings per share [TextBlock]
Basic earnings per share [Abstract]
Diluted earnings per share [Abstract]
Profit (loss), attributable to ordinary equity holders of parent entity
[Abstract]
Profit (loss), attributable to ordinary equity holders of parent entity 0 0
Profit (loss), attributable to ordinary equity holders of parent
0 0
entity including dilutive effects
Weighted average shares and adjusted weighted average shares [Abstract]
Weighted average number of ordinary shares outstanding [shares] 0 [shares] 0

[610900] Notes - First time adoption

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of first-time adoption [TextBlock]
Whether company has adopted Ind AS first time No No

224