Relaxo Footwears (RELAXO) — Announcement

Relaxo Footwears announced incorporation of Clean Max MUOI Private Limited, a renewable energy SPV, to develop captive solar projects for its manufacturing facilities. The company plans to invest up to ₹2.50 crores for ~26% equity, with completion expected within 60 days. This strategic move supports green energy compliance and operational cost optimization.

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About Relaxo Footwears Limited (RELAXO)

Consumer Durables · Leather · Listed on NSE

Market Cap: ₹8,903.29 Cr P/E: 48.0 ROE: 8.8% ROCE: 13.0% Div Yield: 0.98%

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🔥 Also filed on 16 June 2026

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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