The Exchange had sought clarification from Thermax Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.
THERMAX · price
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NSE sought clarification from Thermax regarding discrepancies in standalone PBT and PAT figures in the XBRL file submitted on May 7, 2026. The company attributed the mismatch to two inadvertent errors: Other Income was incorrectly entered as Rs. 32.86 crores instead of Rs. 32.96 crores (a minor Rs. 0.10 crore difference), and certain Other Expenses were misclassified under Depreciation, depletion and amortization expense. The company has submitted revised standalone financial results to rectify these clerical errors and expressed regret for the oversight.
The impact on shareholders appears minimal as the errors were clerical in nature and the corrected figures differ only marginally. However, this raises questions about internal controls over financial reporting accuracy.