THERMAX LTD.

SBI Mutual Fund has disclosed a reduction in its shareholding in Thermax Ltd. The fund, through its various schemes, sold 7,776 shares, representing 0.0065% of the paid-up share capital. This transaction brings SBI Mutual Fund's total holding down to 5.5957% from a previous 7.5979%. The sale occurred on September 3, 2026, and the disclosure was made under SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011. The total equity share capital of Thermax Ltd remains Rs. 23,83,12,600, comprising 11,91,56,300 equity shares.

Thermax Limited announced that its shareholders, at the 45th Annual General Meeting (AGM) held on July 30, 2026, approved the re-appointment of Dr. Ravi Shankar Gopinath as a Non-Executive Independent Director. His second term will be for five years, commencing November 10, 2026, and concluding on November 9, 2031. Dr. Gopinath, currently Chief Strategy Officer at AVEVA plc, brings extensive experience in the software and engineering sectors. He is not related to any other director on the board and is not debarred by any regulatory authority from holding a directorship.

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.

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 transaction involves the transfer of assets and liabilities at carrying values, and cancellation of inter-company balances and share capital. 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.

Thermax Limited's Board of Directors met on July 30, 2026, to approve the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also approved a Scheme of Arrangement and Amalgamation involving its wholly-owned subsidiaries, Thermax Bioenergy Solutions Private Limited and Thermax Cooling Solutions Limited, with Thermax Limited as the resulting company. This scheme is subject to regulatory approvals, including from the National Company Law Tribunal (NCLT). The appointed date for the scheme is April 1, 2026, or as fixed by the NCLT. Assets and liabilities of the demerged and transferor companies will be transferred at carrying values, and inter-company balances will be cancelled. No new shares will be issued to Thermax Limited for its holdings in the subsidiaries upon the scheme's effectiveness.

Thermax Limited's Board of Directors met on July 30, 2026, approving the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board also approved a Scheme of Arrangement and Amalgamation involving its wholly-owned subsidiaries, Thermax Bioenergy Solutions Private Limited and Thermax Cooling Solutions Limited, with Thermax Limited as the resulting company. This scheme is subject to regulatory approvals, including from the National Company Law Tribunal. The appointed date for the scheme is April 1, 2026, or as determined by the NCLT. Assets and liabilities of the demerged and transferor companies will be transferred at carrying values, and inter-company balances will be cancelled.

Thermax Ltd has announced that its Board of Directors will convene on July 30, 2026. The primary agenda for this meeting is to consider and approve the un-audited financial results for the first quarter ended June 30, 2026, along with related segment-wise financial results. The company also informed that the trading window, which was previously closed as per their intimation on June 26, 2026, will reopen 48 hours after the declaration of these financial results.

Thermax Limited has announced its 45th Annual General Meeting (AGM) will be held on July 30, 2026, at 4:30 PM IST via Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The company will circulate the AGM notice and the Annual Report for the financial year 2025-26 to shareholders electronically on July 3, 2026. Key agenda items include the adoption of financial statements, declaration of a total dividend of ₹20 per equity share (₹14 regular + ₹6 special), appointment of Mr. Ashish Bhandari as Director, ratification of remuneration for Cost Auditors for FY27, and re-appointment of Dr. Ravi Shankar Gopinath as Non-Executive Independent Director. The record date for the dividend is July 3, 2026, with payment expected on August 4, 2026. E-voting will be open from July 27 to July 29, 2026.

Thermax Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26 to the stock exchanges. The report, which includes a reasonable assurance report on BRSR Core indicators, forms part of the company's Annual Report. The filing details Thermax's corporate identity, operational segments including Industrial Products, Industrial Infrastructure, and Chemicals, and its market reach. The company operates on a standalone reporting basis and serves manufacturing customers with a focus on sustainability. Exports contribute 20% to the total turnover.

Thermax Limited has announced its 45th Annual General Meeting (AGM) scheduled for July 30, 2026, at 4:30 p.m. IST. The meeting will be conducted via Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The company will present its Audited Standalone and Consolidated Financial Statements for FY 2025-26. A significant highlight is the proposed declaration of a total dividend of ₹20 per equity share, comprising a ₹14 dividend and a ₹6 special dividend. The AGM notice and Annual Report for FY 2025-26 have been circulated to shareholders electronically. Key agenda items include the adoption of financial statements, declaration of dividend, appointment of Mr. Ashish Bhandari as Director, ratification of remuneration for Cost Auditors for FY 2026-27, and re-appointment of Dr. Ravi Shankar Gopinath as Non-Executive Independent Director.