Thermax Ltd to Merge Wholly-Owned Subsidiary Buildtech Products India Private Limited and Approve Additional Investments

Thermax Ltd, a leading conglomerate in the energy and environment space, has informed the Exchanges about the outcome of a Board meeting held on October 17, 2025. The Board approved a Scheme of Merger by Absorption of Buildtech Products India Private Limited with Thermax Limited and their respective shareholders. The merger is subject to necessary statutory and regulatory approvals, including approval from the National Company Law Tribunal and other regulatory authorities. Additionally, the Board approved an additional equity investment of Rs. 40 crores in Thermax Chemical Solutions Private Limited for further investment in Fortmax Chemicals India Private Limited, a subsidiary of TCSPL. The Board also approved support by way of Equity / Loan of up to Rs. 42 Crores to Enernxt, a wholly-owned step-down subsidiary of the Company through Thermax Onsite Energy Solutions Limited.