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Thermax announced that Harsh Mariwala ceased as Non-Executive Lead Independent Director on completing his second five-year term. The filing is a senior board change with no monetary impact.
Q2 FY27 revenue Rs 2,756 Cr (+11% YoY) and PAT Rs 113 Cr (-5%, 4.1% margin). Order balance Rs 14,250 Cr (+16%), but bookings fell 8%.
Thermax Ltd reported revenue from operations of ₹2,756 Cr (+11.4% YoY) and net profit of ₹113.1 Cr (-5.3% YoY) for Q2 FY27.
Thermax's quarterly shareholding pattern for the June 2026 quarter, filed under Regulation 31. Promoter and promoter group hold 62.0% of 119,156,300 shares.
The company submitted its quarterly Reconciliation of Share Capital Audit report for the period ending September 30, 2026, in compliance with SEBI regulations.
Thermax Limited will hold a board meeting on November 5, 2026, to consider and approve its unaudited standalone and consolidated financial results for the quarter ended September 2026.
Thermax clarified it is evaluating strategic opportunities for its subsidiary FEPL to attract a growth partner, noting no material event currently requires mandatory disclosure.
Thermax Limited has acquired the remaining 49% equity stake in TSA Process Equipments Private Limited for Rs. 42 Crore, making it a wholly-owned subsidiary.
Thermax Limited incorporated a new wholly-owned step-down subsidiary, Thermax Botswana Proprietary Limited, via its subsidiary TECC. The entity will provide support services for power plants.
SBI Mutual Fund sold 7,776 shares of Thermax Ltd, reducing its stake to 5.5957%. The sale was a market transaction.