Thermax Limited has informed the Exchanges about the voting results and scrutinizer''s report for 45th Annual General Meeting.

July 31, 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: 45th Annual General Meeting- Voting results and Scrutinizer's Report Dear Sir / Madam, Pursuant to Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the voting results and scrutinizer’s report of the resolutions passed at the 45th Annual General Meeting of the Company held on Thursday, July 30, 2026 for your information and records. The said resolutions have been approved by Members with requisite majority. The above voting results are also being uploaded on the Company’s website www.thermaxglobal.com. 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 SVD & Associates Company Secretaries Office: No.5,Swastik Apartment, First Floor, Gulmohar Path, Near SNOT College, Erandvana, Pune-411004. Ph. : 020 2951 3730, 84840 35465 E-mail: cs@svdandassociates.com Web: www.svdandassociates.com Scrutinizer's Report [Pursuant to Section 108 of the Companies Act, 2013 and Rule 20 (4) (xii) of the Companies (Management and Administration) Rules, 2014] The Chairperson, Name of the Company Thermax Limited CIN L29299PN1980PLCO22787 Meeting 45th Annual General Meeting of the members of the Company (AGM) Day, Date & Time Thursday, 30th Day of July, 2026, at 04:30 p.m. (1ST) Mode Video Conferencing "VC"/Other Audio—Visual Means "OAVM" Dear Ma'am, I, Sridhar Mudaliar,, Partner of SVD & Associates, Company Secretaries, have been appointed as scrutinizer by the Board of Directors of Thermax Limited bearing CIN: 129299PN1980P1CO22787 ("the Company") at its meeting held on May 07, 2026 for the purpose of scrutinizing the remote e-voting and e-voting conducted at the Annual General Meeting of the Company held on Thursday, 30th Day of July, 2026 ("AGM") pursuant to the provisions of Section 108 of the Companies Act, 2013 and Rule 20 & 21 of the Companies (Management and Administration) Rules, 2014 ("Act"), as amended, read with General Circulars issued by the Ministry of Corporate Affairs ("MCA") bearing reference No. 14/2020 dated April 08, 2020, General Circular No. 17/2020 dated April 13, 2020 General Circular No. 20/2020 dated May 05, 2020 along with subsequent extensions issued in this regard from time to time; the latest being Circular No. 03/2025 dated September 22, 2025 (collectively referred to as the "MCA Circulars"), have permitted the holding of the AGM through Video Conferencing or Other Audio Visual Means ("VC / OAVM"), without the physical presence of the Members at a common venue. The MCA Circulars inter alia provide relaxation for the manner in which the AGM shall be held. Further, the Act, MCA Circulars and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations 2015 ("Listing Regulations") have provided the manner of sending the Notices and Annual Reports to the members and the manner of voting conducted for the AGM. Further pursuant to the MCA Circulars, physical attendance of members has been dispensed with and accordingly the facility for appointment of proxies by the members is also dispensed with. Members who attended the meeting through VC or OAVM were counted for t purpose of reckoning the quorum under section 103 of the Act. SVD & Associates/ Thermax Limited/ Scrutinizer's Report (45th AGM 2026) Page 1 0f9 I submit herewith my report with respect to the resolutions proposed at the AGM of the Company: 1. Responsibility of the Management and the Scrutinizer: The Compliance with the provisions of the Act and the rules made thereunder read along with the MCA Circulars as mentioned above and the Listing Regulations read with Master Circular issued for compliance with the provisions of the Listing Regulations bearing reference no. H0/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026 ("Master Circular") issued by Securities and Exchange Board of India (SEBI) relating to remote e-voting and e-voting during the AGM by the members on the resolutions proposed in the Notice of the AGM dated May 7, 2026 (Notice) of the Company is the responsibility of the management. My responsibility as a Scrutinizer is to scrutinize the votes cast by remote e-voting and e-voting conducted at the AGM held through VC/OAVM in a fair and transparent manner and render consolidated scrutinizer's report of the total votes cast in favour or against to the Chairperson, on the resolutions, based on the reports generated from the electronic voting system provided by Kfin Technologies Limited ("KFintech"). The Chairperson or the person authorized by him/her in writing shall declare the result of the voting forthwith. 2. Notice of AGM, advertisement and remote e-voting period: Notice of the AGM along with the Annual Report was intimated to BSE Limited and National Stock Exchange of India Limited on July 03, 2026 and sent to the members by way of email on July 03, 2026 and disseminated on the website of the Company at https://www.thermaxglobal.com/; and on the website of the KFintech at https://evoting.kfintech.com/. Post the dispatch of notice to shareholders, the newspaper advertisement of the Notice was published in newspaper on Thursday, July 04, 2026 pursuant to Rule 20 (4) (v) of the Companies (Management and Administration) Rules, 2014 as amended from time to time and the MCA Circulars mentioned above and in accordance with the provisions of the Listing Regulations. Further, the Company has sent a letter providing the weblink for accessing the Notice and Annual Report for the Financial Year 2025-26 was sent to those shareholders who have not registered their email address pursuant to Regulation 36(1)(b) of the Listing Regulations and full copy of Annual Report was sent to those members who had requested for the same. The remote e-voting period remained open from Monday, July 27, 2026 at 9.00 a.m. (1ST) to Wednesday, July 29, 2026 till 5.00 p.m. (1ST). SVD & Associates/ Thermax Limited/ Scrutinizer's Report (45th AGM 2026) Page 2 of 9 3. Cut-off Date: The members holding shares as on the "cut off" date i.e. Thursday, July 23, 2026, were entitled to vote on the proposed resolutions (item nos. 1 to 5 as set out in the Notice of the AGM of the Company). 4. Process of remote e-voting: The remote e-voting system was blocked forthwith at the end of the remote e-voting period. The votes cast through remote e-voting system were unblocked after conclusion of the AGM in the presence of two witnesses who are not in the employment of the Company. Thereafter the details containing, inter alia list of equity members, who voted in "favour" or "against", were downloaded from e-voting website of KFintech. 5. Process of Voting at the AGM: After declaration of commencement of e-voting during the conduct of the AGM, the members who had not voted through the remote e-voting process were instructed to cast their vote on the e-voting platform provided by e-voting website of KFintech (evoting@kfintech.com). Thereafter, the details containing, inter-alia, list of members, who voted "for" and "against", were downloaded from the e-voting website of KFintech (evoting@kfintech.com) and the same are being handed over to the authorized representative of the Chairperson. The votes cast through remote e-voting and e-voting conducted during the meeting were reconciled with the records maintained by the Company/ Registrar and Share Transfer Agents of the Company and the authorizations lodged with the Company. The remote e-voting or e-voting at the AGM that was found defective for want of authorization have been treated as invalid and kept separately. 6. Counting Pr [Showing first 8,000 characters — download PDF for full document]