Thermax’s arm gets board’s approval for voluntary liquidation

12 Apr 2021 Evaluate

Thermax’s wholly owned subsidiary -- Thermax Sustainable Energy Solutions’ (TSESL) board of directors has approved the proposal for voluntary liquidation subject to statutory and regulatory approvals.

TSESL is not a material subsidiary and is not carrying on any business activity since last more than 5 years. The winding up of this subsidiary will not affect any business / accounting policies and will not have any significant impact on the financials etc.

Thermax is a leading energy and environment solutions provider is one of the few companies in the world that offers integrated innovative solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemicals.

Thermax Share Price

4168.00 -19.55 (-0.47%)
28-Mar-2024 15:30 View Price Chart
Peers
Company Name CMP
BHEL 247.35
Bharat Electronics 201.20
Thermax 4168.00
Kirloskar Oil Eng 859.25
Praj Industries 532.00
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.