1. The above audited results, reviewed by the Audit Committee, were approved at the meeting of the Board of
Directors held on May 19, 2009.

2. The Board of Directors has recommended a dividend of Rs 5 per share of face value of Rs 2 (250%) which is subject to approval of shareholders at Annual General Meeting.

3. Other Expenditure for the quarter and year ended March 31, 2009 includes net foreign exchange loss of Rs
2588.03 lakh and Rs 8953.84 lakh respectively (corresponding previous periods gain Rs 459.51 lakh and Rs
1424.14 lakh included in Other Income).

4. Additional Information:

Key financial parameters / figures (Consolidated) for the Thermax Group are as follows: (Rs in Lakhs)

Year ended March 31, 2009

Total Income - 346029.17
Profit Before Tax - 42331.33
Profit After Tax - 28893.68

5. Previous periods figures have been regrouped wherever necessary to conform to this year´s classification.

Mrs. Meher Pudumjee
Chairperson