Thermax Limited announced that Fortmax Chemicals India Private Limited (“FCIPL”) has ceased to be a wholly owned step-down subsidiary of the Company, according to a regulatory filing on September 16, 2025.
The decision was made following a resolution passed by the Board of Directors of FCIPL on September 16, 2025, approving the allotment of equity shares to Oswaldo Cruz Química Indústria e Comércio Ltda., Brazil (OCQ).
As a result of this allotment, FCIPL has allotted 44,10,000 equity shares of face value ₹10 each at par aggregating to 49% of the equity share capital of FCIPL.
Revised Shareholding Pattern
The revised shareholding of TVPIPL post allotment is as under:
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
