THERMAX LTD.

Thermax Limited has announced its 45th Annual General Meeting (AGM) will be held on July 30, 2026, at 4:30 PM IST via Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The company will circulate the AGM notice and the Annual Report for the financial year 2025-26 to shareholders electronically on July 3, 2026. Key agenda items include the adoption of financial statements, declaration of a total dividend of ₹20 per equity share (₹14 regular + ₹6 special), appointment of Mr. Ashish Bhandari as Director, ratification of remuneration for Cost Auditors for FY27, and re-appointment of Dr. Ravi Shankar Gopinath as Non-Executive Independent Director. The record date for the dividend is July 3, 2026, with payment expected on August 4, 2026. E-voting will be open from July 27 to July 29, 2026.

Thermax Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26 to the stock exchanges. The report, which includes a reasonable assurance report on BRSR Core indicators, forms part of the company's Annual Report. The filing details Thermax's corporate identity, operational segments including Industrial Products, Industrial Infrastructure, and Chemicals, and its market reach. The company operates on a standalone reporting basis and serves manufacturing customers with a focus on sustainability. Exports contribute 20% to the total turnover.

Thermax Limited has announced its 45th Annual General Meeting (AGM) scheduled for July 30, 2026, at 4:30 p.m. IST. The meeting will be conducted via Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The company will present its Audited Standalone and Consolidated Financial Statements for FY 2025-26. A significant highlight is the proposed declaration of a total dividend of ₹20 per equity share, comprising a ₹14 dividend and a ₹6 special dividend. The AGM notice and Annual Report for FY 2025-26 have been circulated to shareholders electronically. Key agenda items include the adoption of financial statements, declaration of dividend, appointment of Mr. Ashish Bhandari as Director, ratification of remuneration for Cost Auditors for FY 2026-27, and re-appointment of Dr. Ravi Shankar Gopinath as Non-Executive Independent Director.

Thermax Limited has announced the resignation of Mr. Kirtiraj Jilkar, Executive Vice President and BU Head - P&ES, a key member of the Senior Management Personnel. His resignation is effective from the close of business hours on June 30, 2026. The company has provided the requisite details as per SEBI regulations, citing personal reasons for Mr. Jilkar's departure. He expressed gratitude for the opportunities and support received during his tenure.

Thermax Limited has announced the closure of its trading window for dealing in the company's securities. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The window will be effective from Wednesday, July 1, 2026, and will reopen 48 hours after the declaration of the financial results for the quarter ended June 30, 2026. This measure is standard practice to prevent insider trading during the sensitive period leading up to financial result announcements.

Thermax Limited announced the incorporation of Thermax Integrated Middle East L.L.C. in Dubai, United Arab Emirates, on June 25, 2026. This new entity is a wholly owned subsidiary of Thermax Engineering Singapore Pte. Ltd. (TESPL), which is itself a wholly owned subsidiary of Thermax Ltd. The subsidiary will focus on on-site project management services, installation, erection, maintenance, supervision, turnkey project contracting, and marketing support for the parent entity. The initial capital infusion is planned at AED 367,000, with Thermax Ltd holding 100% control through its subsidiary structure. This move signifies Thermax's expansion into the Middle East market.

Thermax Limited announced that the National Company Law Tribunal (NCLT), Mumbai Bench, has approved the Scheme of Merger by Absorption of its wholly-owned subsidiary, Buildtech Products India Private Limited, with Thermax Limited. The merger aims to consolidate construction chemicals business, achieve economies of scale, enhance operational efficiency, and simplify group structure. The appointed date for the merger is April 1, 2025. This move is expected to streamline operations, reduce compliance costs, and optimize resource utilization, ultimately aiming to maximize shareholder value.

Thermax Limited announced the passing of Dr. S. B. (Ravi) Pandit, a Non-Executive Independent Director, on May 8, 2026. Dr. Pandit had served on the Board since 2017, contributing his expertise and leadership. The company expressed deep sorrow, with Chairperson Mrs. Meher Pudumjee highlighting his significant impact on the company and society. The Directors and employees conveyed their condolences to his family.

Thermax Ltd's Board of Directors, in a meeting held on May 7, 2026, 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 equity share (1000% on face value of ₹2) for FY26 is subject to shareholder approval at the AGM. The record date for the dividend is fixed as July 3, 2026. The board also approved the re-appointment of Dr. Ravi Shankar Gopinath as Non-Executive Independent Director for a second term and the appointment of Ms. Kavita Singh as the Chief Human Resources Officer.

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.