Thermax Limited (THERMAX) — Board Meeting | 30 July 2026 (2 announcements)

Thermax Limited announced on July 30, 2026, the approval of unaudited Q1 FY27 financial results and a Scheme of Arrangement involving TBSPL and TCSL, transferring assets to Thermax Limited without cash or share exchange, requiring NCLT approval. The filing details financials showing consolidated revenue of Rs. 2,303 crore (+7% YoY) and order book growth to Rs. 14,045 crore (+23% YoY), but a sharp profit decline due to a Rs. 91 crore project cost overrun, resulting in consolidated PAT of Rs. 22 crore (-85% YoY). Standalone revenue rose to Rs. 1,303 crore, yet loss after tax widened to Rs. 18 crore from a Rs. 47 crore profit YoY, driven by the Industrial Infra segment's cost overrun and a Rs. 50.63 crore litigation provision reversal.

Thermax held its 45th Annual General Meeting on July 30, 2026 via video conference, where shareholders approved the audited financial statements for FY2025-26, declared a total dividend of Rs 20 per share (including a Rs 6 special dividend), reappointed Dr Ravi Shankar Gopinath as an independent director, and ratified Dhananjay V Joshi & Associates as cost auditors. The meeting concluded at 5:55 p.m. IST after e-voting participation, with all resolutions passed. The company highlighted FY26 performance including 720 Cr PAT and 13,604 Cr order backlog, while noting geopolitical and commodity risks.