Thermax Ltd

Thermax Merger & Restructuring

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.

Thermax Capital Structure Change

SBI Mutual Fund sold 7,776 shares of Thermax Ltd, reducing its stake to 5.5957%. The sale was a market transaction.

Thermax Management Change

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 Investor Presentation: Key Takeaways

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 Annual General Meeting

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 Merger & Restructuring

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 Q1 FY27 Results: Net Profit ₹21.8 Cr, Down 85.6% YoY

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.

Key figure

Net profit ₹21.8 Cr · -85.6% YoY

Thermax Board Meeting Date

Thermax Limited scheduled a board meeting for July 30, 2026. The board will consider un-audited financial results for the June quarter.