Thermax Limited — JV/Acquisition, 30-07-2026: Demerger

Thermax is streamlining operations! 🚀 The board approved a scheme to demerge its Bio-CNG EPC business from Thermax Bioenergy Solutions (TBSPL) into the main company. This consolidates similar businesses and lets TBSPL focus on O&M. Also, wholly-owned Thermax Cooling Solutions merges into Thermax Limited. The goal: simplify structure, reduce costs, enhance financial metrics, and unlock shareholder value. No new shares issued means your ownership remains intact! The demerged EPC unit had Rs. 239.35 Cr turnover last year.