Thermax Limited announced the incorporation of its wholly owned step-down subsidiary, Thermax Botswana Proprietary Limited, on September 14, 2026. This new entity is established by Thermax Engineering Construction Company Limited (TECC), a wholly owned subsidiary of Thermax. The incorporation details were received by the company on September 15, 2026, marking an expansion in the company’s international structure.
Thermax Expands Global Presence with Botswana Subsidiary
Thermax Limited has officially announced the incorporation of a new wholly owned step-down subsidiary, Thermax Botswana Proprietary Limited. This strategic move was completed on September 14, 2026, with the Certificate of Incorporation issued by the Companies and Intellectual Property Authority (CIPA) in Botswana.
Corporate Structure Enhancement
The newly formed entity, Thermax Botswana Proprietary Limited, is a subsidiary of Thermax Engineering Construction Company Limited (TECC), which itself is a wholly owned subsidiary of Thermax Limited. This establishes Thermax Botswana Proprietary Limited as a wholly owned subsidiary of TECC and, consequently, a wholly owned step-down subsidiary of the parent company, Thermax Limited. The communication regarding the incorporation was received by Thermax on September 15, 2026.
Operational Focus
Thermax Botswana Proprietary Limited is established to provide support services for Boilers & Power Plants. The company’s initial capital will be infused as Capital of BWP 10,000, which will be paid in due course. The subsidiary will be 100% owned by the listed entity through its intermediate subsidiaries.
Source: BSE
