Thermax Ltd (THERMAX) — Corporate Action | 30 September 2026

30 September 2026 · BSE 🔴 High Importance Neutral

By StockFin Research Team•AI-Assisted Analysis•Source: BSE/NSE Filings

📢 Key Event

Completion of 49% stake acquisition in TSA Process Equipments

🔄 What Changed

TSA became a wholly owned subsidiary after acquiring the remaining 49% stake

💡 Investor Takeaway

Routine procedural filing with no direct impact on shareholders.

Thermax completed the acquisition of the remaining 49% stake in TSA Process Equipments Private Limited, making it a wholly owned subsidiary. The cash consideration was Rs. 42 crores, finalized on September 30, 2026, following prior announcements in February and April 2024. The target specializes in high-purity water treatment solutions with FY2026 revenue of Rs. 166.99 crores.

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About Thermax Ltd (THERMAX)

Capital Goods · Capital Goods - Electrical Equipment · Listed on BSE

Market Cap: ₹39,222.68 CrP/E: 62.5ROE: 10.7%ROCE: 12.5%Div Yield: 0.61%

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📊 More THERMAX filings

Announcement — 25 September 2026Thermax Ltd has announced that its trading window for insider transactions will close on October 1, ...
🔴 Corporate Action — 15 September 2026Thermax announced the incorporation of Thermax Botswana Proprietary Limited, a wholly owned step-dow...
Announcement — 6 August 2026Thermax Limited announced that the transcript of its Q1 FY2026-27 analysts and investors conference ...
Announcement — 31 July 2026Thermax Limited announced an investor conference call on July 31, 2026 at 11:00 a.m. IST, providing ...
Announcement — 31 July 2026Thermax Limited released a revised Q1 FY2026-27 investor presentation on July 31, 2026, updating ord...

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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