has approved the following: 1. Scheme of Amalgamation of two wholly owned subsidiaries namely, Thermax Babcock & Wilcox Ltd and Thermax Capital Ltd with the Company. 2. Early Redemption of 6% Redeemable Preference Shares of Rs 10/- each aggregating to Rs 476.60 million at its face value. The company has informed that pursuant to the Scheme of Amalgamation of two wholly owned subsidiaries namely, Thermax Babcock & Wilcox Ltd and Thermax Capital Ltd (Transferor Companies) with the Company (Transferee Company), the Hon'ble High Court of Judicature at Bombay has dispensed with the requirement of filing Application and Petition by the Company for sanction of the Scheme of Amalgamation. Whereas a separate Application and Petition have been filed by both the Transferor Companies with the Hon'ble High Court at Bombay on September 06, 2005 and September 12, 2005 respectively for approval of the above Scheme. The said Petitions are fixed for hearing before the Hon'ble Company Judge on October 28, 2005. (As per BSE Bulletin dated on 30/09/2005) Thermax Ltd has informed the Exchange that in connection with the Scheme of Amalgamation of two wholly owned subsidiaries namely, Thermax Babcock & Wilcox Limited and Thermax Capital Limited (Transferor Companies) with Thermax Limited (Transferee Company), the Hon'ble High Court of Judicature at Bombay has dispensed with the requirement of filing Application and Petition by the Transferee Company for sanction of the Scheme of Amalgamation. Whereas a separate Application and Petition have been filed by both the Transferor Companies with the Hon'ble High Court at Bombay on September 06, 2005 and September 12, 2005 respectively for approval of the above Scheme. The said Petitions are fixed for hearing before the Hon'ble Company Judge on October 28, 2005. (As per NSE Bulletin dated on 17/10/2005) The company has informed with reference to the earlier announcement regarding Amalgamation of the Two wholly-owned subsidiaries, namely, Thermax Babcock and Wilcox Ltd and Thermax Capital Ltd (Transferor Companies) with the Company. Thermax Ltd has informed BSE that the date of hearing of the petition filed by the transferor companies with the Hon'ble High Court of judicature at Bombay has been adjourned to November 25, 2005. (As per BSE Bulletin dated on 10/11/2005) The company has informed that the Hon'ble High Court of Judicature at Bombay has passed Orders on December 09, 2005 approving the Scheme of amalgamation of Thermax Babcock & Wilcox Ltd (TBWL) and Thermax Capital Ltd (TCL), with the Company. Pursuant to the Orders, TBW & TCL a wholly owned subsidiaries shall be amalgamated with the Company in accordance with the Scheme of Amalgamation with effect the Appointed Date i.e. from April 01, 2005. Necessary formalities to give effect to the amalgamation shall be complied with. (As per BSE Bulletin dated on 27/12/2005)