Thermax subsidiary TCSPL allots shares to parent company

Thermax Limited has provided an update on an additional equity investment in its wholly-owned subsidiary, Thermax Chemical Solutions Private Limited (TCSPL). This follows an earlier intimation dated October 17, 2025. TCSPL has further invested in Fortmax Chemicals India Private Limited, which is a subsidiary of TCSPL.

As part of this investment, TCSPL allotted 23,500,000 equity shares to Thermax Limited. Each equity share has a face value of Rs. 10 and was issued on a rights basis to the company.

This intimation was made under Regulation 30, read with Schedule III of SEBI (LODR) Regulations, 2015. The announcement was made on November 21, 2025.