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Thermax - Resignation of Director

Thermax Ltd has informed BSE that Mr. Ravi Venkatesan, Independent Director of the Company has expressed his desire to step down as a Member of the Board of the Company, owing to his commitments and busy schedule at his present full-time employment. The Company has acceded to his request.

Consequently, Mr. Venkatesan ceases to be a Director of the Company effective from the close of business hours of March 31, 2008.

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