Thermax Clarifies Rumors on FEPL Partnership

Thermax Limited has issued a clarification regarding media reports about a potential partnership in its wholly-owned subsidiary, First Energy Private Limited (FEPL). FEPL is a key player in renewable energy solutions for commercial and industrial segments. The company recently appointed Basant Jain as CEO of FEPL to drive growth. Thermax is exploring strategic opportunities for its renewable portfolio under FEPL to attract a growth partner. The company stated that there is no material event or information requiring disclosure at this stage and will comply with regulations for future disclosures.