Thermax Limited — Updates, 21-06-2025: Other Restructuring

Thermax has announced a board meeting on the financial results for the quarter and half-year. Separately, First Energy 8 Private Limited's (FE8PL) ownership structure changed as MRF Limited, an end user of electricity, acquired 2.11 crore shares (27.2%) from First Energy Private Limited (FEPL), reducing FEPL’s holding to 72.8%. This restructuring means FE8PL is no longer a wholly owned subsidiary of Thermax. The transaction was at the face value of Rs. 10 per share and does not impact the promoter group directly. This strategic stake sale reflects collaboration with a key captive user in FE8PL’s energy business.