Certificate under SEBI (Depositories and Participants) Regulations, 2018

July 17, 2026 The Secretary National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G, PJ Towers, Dalal Street Bandra Kurla Complex, Mumbai: 400 001 Bandra (E) Company Scrip Code: 500411 Mumbai – 400 051 Company Scrip Code: THERMAX EQ Sub: Reconciliation of Share Capital Audit Dear Sir / Madam, We are enclosing a copy of the reconciliation of share capital report dated July 17, 2026 issued by Manish Ghia & Associates, Practicing Company Secretaries. The said report certifies the status of Equity Share Capital (ISIN No. INE152A01029) for the quarter ended June 30, 2026, that- 1. The total of the shares held in NSDL, CDSL and in the physical form tally with the issued / paid up capital. 2. The Register of Members (RoM) is updated. 3. The dematerialization requests have been confirmed within 21 days and there has been no delay beyond the stipulated time-frame. 4. There has been no change in the share capital of the Company. You are requested to kindly take note of the above. Thanking you, Yours faithfully, For THERMAX LIMITED Sangeet Hunjan Company Secretary & Compliance Officer Membership No: A23218 Encl: As above RECONCILIATION OF SHARE CAPITAL AUDIT REPORT (Pursuant to Regulation 76 of the SEBI (Depositories and Participants) Regulations, 2018 r/w SEBI Circular dated 31.12.2002) 1 Report for quarter ended June 30, 2026 2 ISIN INE152A01029 3 Face Value Rs. 2/- each 4 Name of the Company THERMAX LIMITED 5 Registered Office Address D-13, MIDC, Industrial Area, R.D.AGA Road, Chinchwad, Pune–411 019 6 Correspondence Address Thermax House, 14, Mumbai Pune Road, Wakdewadi, Pune - 411 003 www.thermaxglobal.com 7 Telephone and Fax Nos. Ph: (020) 2554 2122 Fax: (020)2554 1226 / 27472049 8 Email Address Sangeet.Hunjan@thermaxglobal.com 9 Name of the Stock Exchange where the BSE Limited company’s Securities are listed: National Stock Exchange of India Limited Number of Shares % of Total Issued Capital 10 Issued Capital 11,91,56,300 100.00 11 Listed Capital (Exchange Wise) All 11,91,56,300 100.00 (as per company records) 12 Held in dematerialized form in CDSL 20,49,536 1.72 13 Held in dematerialized form in NSDL 11,70,08,388 98.20 14 Physical 98,376 0.08 15 Total No. of Shares (12+13+14) 11,91,56,300 100.00 16 Reasons for differences if any, between Nil (10&11), (10&15), (11&15) 17 Certifying the details of changes in share capital during the quarter under consideration as per Table below: Particulars No. of Applied/ Listed on Whether Whether In principle shares Not Stock intimated to intimated approval Applied exchanges CDSL to NSDL pending for SE for listing (Specify (specify names) names) 18 Register of Members is updated (Yes /No) Yes If not, updated up to which date - 19 Reference of previous quarter with regard to Nil excess dematerialized shares, if any 20 Has the Company resolved the matter N.A. mentioned in Point No.19 above, in the current quarter? If not reason why? Page 1 of 2 21 Mention the total no. of requests, if any, confirmed after 21 days and the total no. of requests pending beyond 21 days with the reasons for delay. Total No. of demat requests No. of requests No. of shares Reason for delay Confirmed after 21 days. Nil Nil N.A. Pending for more than 21 days. Nil Nil N.A. 22 Name, Telephone & Fax No. of Compliance Ms. Sangeet Kaur Hunjan Officer of the company Company Secretary & Compliance Officer Email: CService@thermaxglobal.com Ph: (020) 6605 1407 23 Name, Address, Telephone & Fax No., Regn Mr. Mannish L. Ghia No. of the Auditor Partner, M. No. FCS: 6252, C.P. No.3531 Manish Ghia & Associates Company Secretaries, 4, Old Chandan Niwas, 1st Floor, M. V. Road, Off. Andheri–Kurla Road, Behind Andheri Gymkhana, Andheri (East), Mumbai – 400 069. Tel No. 022 6902 5400/ 450 Email: mg@mgconsulting.in 24 Appointment of common agency for share KFin Technologies Limited registry work (if yes, name and address CIN: L72400MH2017PLC444072 where the operations are carried out) SEBI Registration No.: INR000000221 Selenium, Tower B, Plot No- 31 & 32, Financial District, Nanakramguda, Gachibowli, Hyderabad, Telangana -500032 P: +91 040 - 79611000 F: 040 - 23001153 Email: einward.ris@kfintech.com Website: www.kfintech.com 25 Any other detail that the auditor may like During the quarter, no shares of the Company to provide, (e.g. BIFR Company, delisting were transferred to Investor Education from Stock Exchange, company changed Protection Fund (IEPF) pursuant to Section its name etc.) 124(6) of the Companies Act, 2013. For Manish Ghia & Associates Company Secretaries CS Mannish L. Ghia Partner Place: Mumbai M. No. FCS 6252, C.P. No. 3531 Date: July 17, 2026 Peer Review No.: - PR 6759/2025 UDIN: F006252H000862558 (FRN/Unique ID: P2006MH007100) Page 2 of 2