Thermax Board Approves Scheme of Arrangement and Amalgamation

Thermax Limited's Board of Directors, in a meeting held on July 30, 2026, approved a Scheme of Arrangement and Amalgamation involving its wholly-owned subsidiaries, Thermax Bioenergy Solutions Private Limited (Demerged Company) and Thermax Cooling Solutions Limited (Transferor Company), with Thermax Limited (Resulting Company). The scheme aims to amalgamate these entities, with the appointed date set for April 1, 2026, or as approved by the National Company Law Tribunal (NCLT). The transfer of assets and liabilities will occur at their carrying values, and inter-company balances will be cancelled. The approval is subject to statutory and regulatory clearances, including NCLT approval. The board also approved the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026.