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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.
Thermax Limited shareholders approved the re-appointment of Dr. Ravi Shankar Gopinath as a Non-Executive Independent Director for a second five-year term starting November 10, 2026.
Thermax reported Q1 FY27 revenue growth of 7% YoY to Rs. 2,303 crore, but PAT dropped 86% to Rs. 22 crore due to a one-time Rs. 91 crore cost overrun in Industrial Infra.
Thermax Limited held its 45th Annual General Meeting on July 30, 2026. Shareholders transacted ordinary and special business, including dividend approval and director re-appointments.
Thermax Limited approved the amalgamation of its wholly-owned subsidiary, Thermax Cooling Solutions Limited, to simplify group structure. No new shares will be issued in this transaction.
Thermax Ltd reported revenue from operations of ₹2,303 Cr (+6.7% YoY) and net profit of ₹21.8 Cr (-85.6% YoY) for Q1 FY27.
Thermax Limited scheduled a board meeting for July 30, 2026. The board will consider un-audited financial results for the June quarter.
Thermax Ltd submitted its BRSR for FY 2025-26 as per SEBI norms. The report details operations, employees, and subsidiaries for stakeholder transparency.
Thermax Limited has issued notice for its 45th AGM on July 30, 2026. The agenda includes approving financials, declaring dividends, and re-appointing directors.
Mr. Kirtiraj Jilkar has resigned as Executive Vice President and BU Head - P&ES. His resignation is effective from June 30, 2026.
Thermax incorporated a new subsidiary in Dubai for Rs.0.94 Crore. The entity will provide project management and turnkey contracting services in the Middle East.
Thermax incorporated a new subsidiary in Dubai for on-site project management. The investment involves a cash consideration of AED 367,000, approximately Rs.0.92 Crore.
Thermax Limited incorporated a wholly owned step-down subsidiary in Dubai. The new entity focuses on on-site project maintenance and management services.
Thermax Limited received NCLT approval for the merger of its wholly owned subsidiary, Buildtech Products India Private Limited, into itself. The consolidation aims to improve operational efficiencies.
Thermax Limited corrected inadvertent errors in its standalone financial results for FY26 regarding 'Other Income' and expense classifications. The company has submitted revised XML files to exchanges.
Thermax Limited submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report confirms full regulatory compliance with no observations.