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.
The dividend announcement and key management appointments are material events that can influence investor sentiment and operational direction, thus having a medium impact.
The company announced positive financial results, a significant dividend payout, and key management appointments, all of which are positive indicators for stakeholders.
Thermax Limited's Board of Directors, in a meeting held on May 7, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board recommended a final dividend of ₹14 per share and declared a special dividend of ₹6 per share, totaling ₹20 per equity share (1000%) for the financial year 2025-26. This aggregate dividend will be paid subject to shareholder approval at the upcoming 45th Annual General Meeting (AGM). The record date for dividend payment has been fixed as Friday, July 3, 2026.
Furthermore, the Board approved the re-appointment of Dr. Ravi Shankar Gopinath as a Non-Executive Independent Director for a second consecutive term of five years, effective November 10, 2026, to November 9, 2031, subject to shareholder approval at the AGM. The Board also approved the appointment of Ms. Kavita Singh 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.
The financial results indicate revenue from operations of ₹3,428.04 crore for the quarter ended March 31, 2026, and ₹10,694.15 crore for the full year. Profit before tax for the consolidated entity stood at ₹334.13 crore for the quarter and ₹1,007.94 crore for the year. Standalone profit before tax was ₹252.04 crore for the quarter and ₹1,007.94 crore for the year.
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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 medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Thermax Limited. Read the original for the full detail.