StockWatch
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Heavy Electrical Equipment
Dividend7 May 2026, 06:31 pm

Thermax: Final Dividend ₹14, Special Dividend ₹6

AI Summary

Thermax Ltd's board has recommended a final dividend of ₹14 per share and a special dividend of ₹6 per share to mark the company's 60th anniversary. The aggregate dividend of ₹20 per share is subject to shareholder approval. The record date for the dividend is July 3, 2026. The board also approved the re-appointment of Dr. Ravi Shankar Gopinath as a Non-Executive Independent Director for a second term and the appointment of Ms. Kavita Singh as Chief Human Resources Officer, effective May 25, 2026.

Key Highlights

  • Thermax recommends a final dividend of ₹14 per share.
  • A special dividend of ₹6 per share declared for the 60th anniversary.
  • Record date for dividend payment is fixed as July 3, 2026.
  • Dr. Ravi Shankar Gopinath re-appointed as Non-Executive Independent Director.
  • Ms. Kavita Singh appointed as Chief Human Resources Officer, effective May 25, 2026.