Thermax Limited
All news and filings related to Thermax Limited.
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Thermax Completes Acquisition of Remaining 49% in TSA Process Equipments, Making it Wholly Owned Subsidiary
Thermax Limited has acquired the remaining 49% stake in TSA Process Equipments Private Limited for ₹42 crore, making it a wholly-owned subsidiary. TSA reported a turnover of ₹166.99 crore and PAT of ₹6.65 crore in FY26. The deal was finalized on September 30, 2026.
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Thermax Limited: Trading Window Closure for Q2 FY27 Results
Thermax Limited will close its trading window from October 1, 2026. The window will reopen 48 hours after the declaration of financial results for the quarter and half year ended September 30, 2026, adhering to SEBI insider trading regulations.
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Thermax Limited Incorporates Wholly Owned Step-Down Subsidiary in Botswana
Thermax Limited has incorporated a wholly owned step-down subsidiary, Thermax Botswana Proprietary Limited, in Botswana. The new entity will provide support services for Boilers & Power Plants. A capital of BWP 10,000 will be infused, and Thermax will hold a 100% stake.
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Thermax Limited: Q1 FY27 Analyst Call Transcript Available
Thermax Limited has released the transcript for its Q1 FY2026-27 analyst and investor conference call, which took place on July 31, 2026. The transcript is accessible on the company's investor relations website.
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Thermax shareholders approve re-appointment of Dr. Ravi Shankar Gopinath as Independent Director
Thermax Limited shareholders approved the re-appointment of Dr. Ravi Shankar Gopinath as Non-Executive Independent Director for a second term from November 10, 2026, to November 9, 2031. The AGM was held on July 30, 2026.
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Thermax Limited's 45th AGM: All resolutions passed with overwhelming majority
Thermax Limited's 45th AGM, held on July 30, 2026, saw all five resolutions passed with strong member approval. Key approvals include the FY26 financial statements and a total dividend of ₹20 per equity share. Director re-appointments and auditor remuneration were also ratified.
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Thermax Limited: Audio Recording of Investor Conference Call Available
Thermax Limited has made the audio recording of its investor conference call, held on July 31, 2026, available on its website. This follows the company's prior intimation regarding the call's schedule.
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Thermax Limited Publishes Q1 FY27 Financial Results Advertisement
Thermax Limited published newspaper advertisements on July 31, 2026, for its Q1 FY27 financial results. The ads appeared in The Financial Express and Loksatta, fulfilling SEBI LODR compliance requirements.
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Thermax Q1 FY27 Results: Order Booking Up 2% to ₹2,809 Crore, PAT at ₹22 Crore
Thermax reported Q1 FY27 order booking of ₹2,809 crore (up 2% YoY) and an order balance of ₹14,045 crore (up 23% YoY). Revenue increased by 7% to ₹2,303 crore. However, PAT declined to ₹22 crore from ₹151 crore due to a ₹91 crore project cost overrun in Industrial Infra. Key segmental growth was seen in Industrial Products, Industrial Infra, and Green Solutions.
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Thermax Limited holds 45th AGM on July 30, 2026, transacts business.
Thermax Limited held its 45th AGM on July 30, 2026, transacting key business including approving FY26 financial statements and declaring a ₹20 per share dividend. The meeting also addressed director appointments and auditor remuneration.
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Thermax Approves Scheme of Arrangement and Amalgamation, Q1FY27 Results
Thermax Limited's Board approved a Scheme of Arrangement and Amalgamation involving its subsidiaries, Thermax Bioenergy Solutions and Thermax Cooling Solutions, with the parent company. The scheme aims to simplify group structure and reduce costs. The company also announced its Q1 FY27 unaudited financial results. The appointed date for the scheme is April 1, 2026.
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Thermax Board Approves Q1 FY27 Results & Scheme of Amalgamation
Thermax Limited's Board approved Q1 FY27 results and a Scheme of Amalgamation. The scheme involves merging Thermax Bioenergy Solutions and Thermax Cooling Solutions into Thermax Limited. The Appointed Date is April 1, 2026. The demerged Bio-CNG EPC business had a turnover of ₹239.35 crore in FY26. The merger aims to simplify structure and reduce costs.
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Thermax Board Approves Q1 FY27 Results & Amalgamation Scheme
Thermax Limited approved Q1 FY27 results and a scheme of amalgamation for its subsidiaries TBSPL and TCSL into the parent company. The merger aims to simplify group structure and reduce costs. Thermax also completed the acquisition of a 51% stake in ExactSpace Technologies for ₹30.48 crore and merged its subsidiary Buildtech.
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Thermax Ltd to hold Q1FY27 earnings call on July 31, 2026
Thermax Limited announced its Q1FY27 earnings call scheduled for July 31, 2026. The call will feature MD & CEO Ashish Bhandari and Group CFO Rajendran Arunachalam. Investors can join via dial-in details provided for universal access.
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Thermax Limited Q1FY27 Share Capital Reconciliation Report Issued
Thermax Limited's Q1FY27 share capital reconciliation report confirms no changes in issued capital. Total equity share capital aligns with NSDL, CDSL, and physical holdings. Dematerialization requests were processed on time, and the Register of Members is updated. No shares were transferred to IEPF.
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Thermax Limited: SEBI Reg 74(5) Certificate for Q1 FY27 Ended June 30, 2026
Thermax Limited filed a certificate under SEBI Regulation 74(5) for the quarter ended June 30, 2026. This confirms proper processing of dematerialized securities by the Registrar and Transfer Agent, KFin Technologies Limited. Details have been furnished to stock exchanges as per regulatory requirements.
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Thermax Limited Announces 45th AGM and E-Voting Information
Thermax Limited published a notice for its 45th AGM and E-Voting information on July 4, 2026. The notice appeared in Financial Express and Loksatta newspapers.
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Thermax Ltd. Submits FY26 Business Responsibility and Sustainability Report
Thermax Limited has submitted its Business Responsibility and Sustainability Report for FY 2025-26. The report details business activities, market presence, and employee data. It outlines material ESG risks and opportunities, including energy, waste, and water management. The company has committed to a 50% carbon emission reduction by FY2030.
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Thermax Limited Announces 45th AGM on July 30, 2026, Proposes ₹20 Dividend
Thermax Limited will hold its 45th AGM on July 30, 2026, via VC/OAVM. The company proposes a ₹20 per share dividend for FY26, with a record date of July 3, 2026, and payment on August 4, 2026. The AGM agenda includes adopting FY26 financial statements and re-appointing directors.
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Thermax Limited Incorporates Wholly Owned Step-Down Subsidiary in Dubai
Thermax Limited has incorporated a new wholly owned step-down subsidiary, Thermax Integrated Middle East L.L.C, in Dubai on June 25, 2026. The subsidiary will focus on project management, installation, and maintenance services. The initial capital infusion will be AED 367,000, with Thermax holding 100% ownership.
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Thermax Limited Announces 45th AGM, Record Date, and Final Dividend
Thermax Limited announced its 45th Annual General Meeting (AGM) to be held via Video Conferencing/OAVM. The company also provided details on the record date and final dividend information through newspaper advertisements published on June 25, 2026.
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Thermax Limited's Merger with Buildtech Products India Approved by NCLT
Thermax Limited's merger with its wholly-owned subsidiary, Buildtech Products India Private Limited, has been approved by the NCLT Mumbai. The merger aims to consolidate operations, achieve economies of scale, and simplify the group structure. The NCLT order was passed on June 2, 2026, and the effective date is upon filing with the Registrar of Companies.
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Thermax Notifies Shareholders of Share Transfer to IEPF
Thermax Limited is publishing newspaper ads to notify shareholders about the transfer of shares and unpaid dividends to the Investor Education and Protection Fund Authority (IEPFA) as per the Companies Act, 2013.
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Thermax to attend 16th Annual Global Investor Conference on May 28, 2026
Thermax Limited will attend the Trinity India 2026 – 16th Annual Global Investor Conference on May 28, 2026, in Mumbai. The event is organized by 360 ONE Capital (B&K). No Unpublished Price Sensitive Information (UPSI) will be shared during the conference.
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Thermax Clarifies Mismatch in Standalone Financial Results for Quarter and Year Ended March 31, 2026
Thermax clarified a mismatch in its standalone financial results for the quarter and year ended March 31, 2026, initially filed on May 7, 2026. The error involved 'Other Income' reported as ₹32.86 crore instead of ₹32.96 crore, and misclassification of certain 'Other Expenses'. Revised results have been submitted to the exchanges on May 20, 2026.
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Thermax Limited Files Annual Secretarial Compliance Report for FY26
Thermax Limited has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report was issued by Makarand M. Joshi & Co., Company Secretaries.
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Thermax Limited Q4 FY26 Earnings Call Transcript Available
Thermax Limited released the transcript for its Q4 FY26 earnings call held on May 8, 2026. The transcript is available on the company's investor relations website.
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Thermax Grants 17,812 Stock Options Under ESOP 2021
Thermax Limited granted 17,812 stock options under its ESOP 2021 on May 8, 2026. The exercise price is ₹15.25 per option. Vesting occurs over three years, with exercise possible within five years of vesting. The scheme complies with SEBI regulations and has no lock-in period.
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Thermax Limited: Audio Recording of Investor Conference Call Available
Thermax Limited has released the audio recording of its investor conference call held on May 8, 2026. The recording is accessible on the company's website. This update follows the initial scheduling intimation on May 4, 2026.
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Thermax Q4 FY26: Consolidated Revenue ₹3,428 Crore, Net Profit ₹244 Crore
Thermax Limited reported consolidated revenue of ₹3,428 crore and net profit of ₹244 crore for Q4 FY26. For FY26, consolidated revenue was ₹10,694 crore and net profit ₹720 crore. Standalone Q4 FY26 revenue was ₹2,226 crore with net profit ₹201 crore. FY26 standalone net profit stood at ₹649 crore.
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Thermax Limited Announces Demise of Non-Executive Independent Director Dr. S.B. Pandit
Thermax Limited announced the passing of Non-Executive Independent Director Dr. S.B. (Ravi) Pandit on May 8, 2026. He had served on the board since 2017. The company expressed deep sorrow and highlighted his significant contributions and commitment to sustainability.
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Thermax Q4 FY26 Investor Presentation: Order Booking Up 112% to ₹4,490 Cr
Thermax Limited's Q4 FY26 investor presentation shows a 112% YoY rise in order booking to ₹4,490 crore, driven by Industrial Products and Infra segments. Revenue grew 13% to ₹3,428 crore. The company secured a significant ₹1,600 crore boiler order. PAT was ₹244 crore. The Board recommended a ₹14 dividend plus a ₹6 special dividend.
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Thermax Board Approves FY26 Results, Recommends ₹20 Dividend, Appoints New CHRO
Thermax Limited approved FY26 audited financial results. The Board recommended a ₹20 per share dividend (₹14 final, ₹6 special), marking the company's 60th anniversary. Dr. Ravi Shankar Gopinath was re-appointed as Non-Executive Independent Director for a five-year term. Ms. Kavita Singh appointed as Chief Human Resources Officer.
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Thermax Board Approves FY26 Results, Reappoints Director, Appoints New CHRO
Thermax Limited approved its FY26 financial results. The company recommended a ₹20 per share dividend (₹14 final, ₹6 special) for FY26, with a record date of July 3, 2026. Dr. Ravi Shankar Gopinath was re-appointed as Independent Director from November 10, 2026. Ms. Kavita Singh was appointed as CHRO from May 25, 2026.
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Thermax Board Approves FY26 Results, Recommends ₹20 Dividend, Appoints New CHRO
Thermax Limited's Board approved FY26 results, recommending a total dividend of ₹20 per share. Dr. Ravi Shankar Gopinath was re-appointed as Independent Director, and Ms. Kavita Singh appointed as CHRO. The company reported consolidated revenue from operations of ₹10,694.15 crore for FY26.
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Thermax Board Recommends ₹20 Dividend, Appoints New CHRO, Reappoints Director
Thermax Limited's Board approved FY26 audited results and recommended a total dividend of ₹20 per share (₹14 final + ₹6 special). Dr. Ravi Shankar Gopinath was re-appointed as Non-Executive Independent Director for a 5-year term from Nov 10, 2026. Ms. Kavita Singh appointed as CHRO from May 25, 2026. Record date for dividend is July 3, 2026.
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Thermax Approves FY26 Results, Recommends ₹20 Dividend, Appoints New CHRO
Thermax Limited approved audited standalone and consolidated financial results for FY26. The Board recommended a total dividend of ₹20 per share, comprising a final dividend of ₹14 and a special dividend of ₹6. Dr. Ravi Shankar Gopinath was re-appointed as Non-Executive Independent Director for five years from Nov 10, 2026. Ms. Kavita Singh was appointed as Chief Human Resources Officer effective May 25, 2026.
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Thermax Limited announces newspaper ad for NCLT merger hearing on May 8
Thermax Limited has published newspaper ads about the merger with Buildtech Products India Private Limited. The final hearing for the scheme petition is scheduled before the NCLT, Mumbai, on May 8, 2026.
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Thermax Completes Acquisition of Exactspace, Increases Stake to 51%
Thermax Limited has completed the acquisition of Exactspace Technologies Private Limited. The company's shareholding in Exactspace has increased to 51% on a fully diluted basis, making it a subsidiary. The transaction was finalized on April 9, 2026.
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Thermax Files SEBI Compliance Certificate for Q4 FY26
Thermax Limited submitted a SEBI compliance certificate for the quarter ended March 31, 2026. The company's Registrar and Transfer Agent confirmed that all dematerialized securities were processed according to SEBI regulations. This filing is a routine compliance update.
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Thermax Limited Receives Customs Duty Demand Order of ₹1.52 Crore
Thermax Limited received an order from the Principal Commissioner of Customs, Ahmedabad, demanding ₹1.52 crore plus applicable interest for customs duty and IGST. This is related to damages from a 2020 fire incident. The company intends to appeal this order.
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Thermax Limited receives CGST order for ₹3.14 Cr penalty
Thermax Limited received a CGST order imposing a penalty of ₹3.14 crore. The penalty is for incorrect classification of goods under HSN for GST purposes between 2019-20 and 2022-23. The company plans to appeal the order.
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Thermax subsidiary secures ₹1,600 crore boiler supply order for 1x800 MW power plant
Thermax subsidiary, TBWES, secured a ₹1,600 crore boiler package supply order for a 1x800 MW ultra-supercritical thermal power plant in Central India. The order includes manufacturing, supply, installation supervision, commissioning, and performance testing.
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Thermax Subsidiary Secures ₹1600 Crore Boiler Order for 800 MW Power Plant
Thermax Limited's subsidiary, TBWES, has signed a ₹1600 Crore contract for a boiler package for an 800 MW power plant in Madhya Pradesh. The order includes design, manufacturing, supply, and commissioning. Execution will follow project milestones.
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Thermax Limited: Trading Window Closure from April 1, 2026, for FY26 Results
Thermax Limited will close its trading window from April 1, 2026. This is for all designated persons and their immediate relatives. The window will reopen 48 hours after the declaration of financial results for the quarter and year ended March 31, 2026.
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Thermax Subsidiary FE8PL Enters Share Pact with India Cements
Thermax subsidiary FE8PL has signed an agreement with India Cements Limited. India Cements will subscribe to 1,32,96,350 equity shares of FE8PL at a premium of ₹4.12 per share. Thermax's stake in FE8PL reduces to 62.15%. The agreement was signed on March 16, 2026.
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Thermax to acquire 51% stake in AI-IoT firm Exactspace for ₹30.48 Cr
Thermax Limited will acquire a 51% stake in Exactspace Technologies Private Limited for ₹30.48 crore. Exactspace develops AI-based Industrial IoT solutions. Thermax currently holds 15.17% and will increase its stake to 51%, making Exactspace a subsidiary. The company also has an option to acquire the remaining 49% after three years.
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Thermax Limited Publishes Newspaper Ad on SEBI's Special Window for Share Transfer
Thermax Limited published newspaper ads on Feb 27, 2026, regarding SEBI's special window for physical share transfer and dematerialization. The window is open from Feb 5, 2026, to Feb 4, 2027.
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Thermax Limited: Q3 FY26 Analyst Call Transcript Released
Thermax Limited has released the transcript of its Q3 FY26 analyst and investor conference call, held on February 5, 2026. The transcript is available on the company's website.
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Thermax Limited: Audio Recording of Investor Conference Call Link Available
Thermax Limited has released the audio recording of its investor conference call held on February 5, 2026. The link to the recording is available on the company's website.
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