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.
The announcement includes financial results, dividend declaration, and key management appointments, all of which are material events that can significantly impact investor decisions and the company's strategic direction.
The company reported positive financial results and recommended a significant dividend, coupled with key appointments, indicating a positive outlook and commitment to shareholder value.
Thermax Limited announced the outcome of its Board Meeting held on May 7, 2026. The Board approved the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026, along with an unmodified Auditors' Report.
The company recommended a final dividend of ₹14 per share and declared a special dividend of ₹6 per share, totaling ₹20 per equity share (1000%) for FY2025-26. This dividend is subject to shareholder approval at the upcoming 45th Annual General Meeting (AGM). The record date for dividend payment has been set as Friday, July 3, 2026.
In terms of appointments, the Board approved the re-appointment of Dr. Ravi Shankar Gopinath as Non-Executive Independent Director for a second consecutive term of five years, from November 10, 2026, to November 9, 2031, subject to shareholder approval at the 45th AGM. Additionally, Ms. Kavita Singh has been appointed as the Chief Human Resources Officer and Senior Management Personnel, effective May 25, 2026.
The Board Meeting commenced at 11:50 a.m. and concluded at 4:55 p.m.
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Thermax Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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