THERMAX : INCORPORATES WHOLLY OWNED STEP-DOWN SUBSIDIARY IN DUBAI

• Thermax Engineering Singapore Pte. Ltd. (TESPL), a wholly owned subsidiary, incorporated Thermax Integrated Middle East L.L.C. • The entity was incorporated in Dubai on June 25, 2026, with registration number 1632588. • Main activities include on-site project management, installation, maintenance, and turnkey project contracting. • The initial capital infusion will be AED 367,000. • Thermax Integrated Middle East L.L.C. is a wholly owned subsidiary of TESPL and a step-down subsidiary of Thermax Limited.

Thermax Ltd

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