Thermax Limited has informed BSE Limited and the National Stock Exchange of India Limited about the incorporation of Thermax Integrated Middle East L.L.C as a wholly owned step-down subsidiary in Dubai, United Arab Emirates. The Certificate of Incorporation was issued by the Department of Economic Development, Dubai on June 25, 2026, with registration number 1632588. Thermax Limited received the communication regarding the incorporation on the same day at 06:35 p.m. IST.
Thermax Engineering Singapore Pte. Ltd. (TESPL), a wholly owned subsidiary of Thermax Limited incorporated in Singapore, established the Dubai-based entity. Thermax Integrated Middle East L.L.C was incorporated as a limited liability company under the laws of Dubai. It is a wholly owned subsidiary of TESPL and a wholly owned step-down subsidiary of Thermax Limited. Thermax Limited holds full control of the entity through its Singapore subsidiary TESPL.
The principal activities of Thermax Integrated Middle East L.L.C include on-site project management services, installation including erection and maintenance, supervision-related services, turnkey project contracting, and marketing support for the ultimate parent company. The entity will provide project management and contracting services for Thermax Limited in the Middle East region.
Thermax Limited will infuse capital of AED 367,000 into the step-down subsidiary in due course. The subscription will be made through cash consideration. Thermax Limited holds 100 percent shareholding in Thermax Integrated Middle East L.L.C through TESPL.
The disclosure was submitted under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Thermax Limited is listed on BSE under scrip code 500411 and on NSE under the ticker THERMAX EQ.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.