Nature of Update
Thermax Engineering Construction Company Limited (TECC), a wholly owned subsidiary of Thermax Limited, has incorporated a new company named Thermax Botswana Proprietary Limited as a wholly owned step-down subsidiary.
Key Operational or Strategic Points
- Thermax Botswana Proprietary Limited was incorporated on September 14, 2026, with registration number BW00009907836 issued by the Companies and Intellectual Property Authority (CIPA), Botswana
- The new entity will provide support services for boilers and power plants
- The incorporation was completed through cash consideration
- Capital of BWP 10,000 will be infused in due course of time
- Thermax Limited holds 100% ownership through its subsidiary TECC
- No governmental or regulatory approvals were required for the incorporation
Material Financial Impact
- Initial capital infusion: BWP 10,000 (to be invested in due course)
- The disclosure is made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Reference Regulation
SEBI Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015