Thermax Limited (THERMAX) — FY26 Annual Report | 3 July 2026 (2 announcements)

Thermax Limited submitted its Business Responsibility and Sustainability Report for FY 2025-26 to BSE and NSE on July 3, 2026, as mandated by SEBI Regulation 34(2)(f). The report, part of the Annual Report, includes standalone disclosures on governance, sustainability initiatives, risk management, and compliance. It details material ESG issues, including climate change, water scarcity, waste management, and supply chain responsibilities, with explicit forward-looking targets like 50% carbon reduction by FY 2030. The report is assured by Price Waterhouse Chartered Accountants LLP and covers stakeholder engagement, employee welfare, and environmental performance metrics.

Thermax Limited announced its 45th Annual General Meeting scheduled for July 30, 2026, with shareholders to vote remotely via e-voting from July 27 to 29. The filing confirms a Rs. 20 per share dividend (including Rs. 6 special dividend) payable on August 4, 2026, on a July 3 record date. Director reappointments include Dr. Ravi Shankar Gopinath and Ashish Bhandari, with governance updates and compliance disclosures. The Annual Report FY2025-26 highlights Rs. 10,694 crore revenue, Rs. 720 crore PAT, and strategic focus on green energy, water solutions, and digital transformation. Key risks include project execution delays, supply chain disruptions, and geopolitical instability, with mitigation through diversification and policy alignment. The company maintains a strong order backlog of Rs. 13,604 crore and 58% sustainable procurement. Shareholder value creation emphasizes ESG leadership, talent development, and stakeholder engagement, with no material non-compliance or regulatory penalties noted.