Thermax Limited has submitted clarification on rumour verification under Regulation 30(11) of SEBI LODR Regulations, 2015

October 9, 2026 To National Stock Exchange of India Limited The Secretary Exchange Plaza, C-1, Block G, BSE Limited Bandra Kurla Complex, PJ Towers, Dalal Street Bandra (E) Mumbai: 400 001 Mumbai – 400 051 Company Scrip Code: 500411 Company Scrip Code: THERMAX EQ Sub: Clarification under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) with respect to news article titled “Thermax Scouts for a Partner to Charge Up its Green Energy Unit” published on October 9, 2026 in Mainstream Media Dear Sir / Madam, This is with reference to the captioned news article published in the media on October 9, 2026, regarding a potential partnership in First Energy Private Limited (“FEPL”), a wholly owned subsidiary of the Company. In this regard, we wish to state as under:  FEPL is at the forefront of enabling customers’ transition to renewable energy. FEPL offers sustainable solutions, including solar, wind, wind-solar hybrid and storage batteries in commercial and industrial segments.  The Company has recently appointed Mr. Basant Jain as CEO of FEPL. Mr. Jain is an industry leader with deep experience in the renewable energy sector. His appointment reflects the Company's commitment to accelerating the next phase of growth on the back of strong execution capability and a fast maturing pipeline.  As part of its long-term strategy, the Company is evaluating various strategic opportunities for its renewable portfolio under FEPL for attracting a growth partner to strengthen the platform.  At this stage, there is no material event/ information that requires disclosure under Regulation 30 of the Listing Regulations. The Company will make appropriate disclosures in compliance with applicable laws, as and when required. This is for your information and records. You are requested to kindly take note of the same. Thanking you, Yours faithfully, For THERMAX LIMITED, Sangeet Hunjan Company Secretary Membership No: A23218