THERMAX LTD. - Compliance Certificate Under Reg. 7(3) Of SEBI(LODR)Regulations, 2015 For The Half Year Ended On March 31, 2017.

Certification of the activities related to both physical and electronic share transfer facility are maintained at/by M/s Karvy Computershare Private Limited, Hyderabad (Category I-Registrar registered with SEBI), the Registrars and Transfer agent of Thermax Limited.