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.
The announcement is of medium impact as it concerns the annual general meeting, dividend declaration, and director appointments, which are standard corporate events but significant for shareholders.
The announcement is positive due to the proposed dividend payment and the re-appointment of directors, indicating financial health and stable governance.
Thermax Limited has announced its 45th Annual General Meeting (AGM) to be held on Thursday, July 30, 2026, at 4:30 p.m. IST through Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The company will also circulate its Annual Report for the financial year 2025-26 to shareholders electronically.
During the AGM, the company will seek approval for the adoption of Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026. A significant agenda item is the declaration of a dividend of ₹14 per equity share along with a special dividend of ₹6, aggregating to ₹20 per equity share (1000%) on face value of ₹2 each for FY 2025-26. The record date for this dividend has been set as Friday, July 3, 2026, with the payment date scheduled for Tuesday, August 4, 2026.
Further, the meeting will address the re-appointment of Mr. Ashish Bhandari as a Director liable to retire by rotation. Special business includes the ratification of remuneration to Cost Auditors for the Financial Year ending March 31, 2027, with a proposed fee of ₹7,50,000 plus applicable taxes. Additionally, the re-appointment of Dr. Ravi Shankar Gopinath as a Non-Executive Independent Director for a second term from November 10, 2026, to November 9, 2031, will be considered.
What to do with a filing like this
Thermax Limited filed this with the NSE as a statutory disclosure, categorised under agm. 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.