Thermax CHRO Jasmeet Bhatia resigns effective January 16 2026

Management Changes View source PDF Explain this filing

THERMAX · price

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Price reactionminutes from the announcement price · days from the prior close

-1.0%Reaction day

₹2971.00

prior close

₹2950.40

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.4%-0.6% vs market

Heavy Electrical Equipment peers, median of 29sector-1.7%+0.7% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Midcap 150 and 0.7 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-0.5

15m

-0.4

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.0-0.4-0.6-1.7+0.7

Next day

-1.6-2.9+1.3-4.7+3.0

-1.0-3.9+2.9-6.4+5.3

-1.7-2.7+1.0-5.0+3.3

-1.7-4.4+2.7-8.4+6.7

-4.4-3.9-0.5-6.7+2.2

-6.1-2.2-3.9-3.9-2.2

15d

-0.2+1.8-1.9+6.7-6.9

+0.9-0.7+1.7+6.6-5.7

+8.0-8.5+16.5-1.9+9.9

+40.4+0.2+40.1+22.3+18.0

UpDownMarket · Nifty Midcap 150Sector · Heavy Electrical Equipment peers, median of 29Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mr Jasmeet Bhatia, Executive Vice President and Chief Human Resources Officer (classified as Senior Management Personnel) at Thermax Limited, has resigned effective close of business on January 16 2026. He is serving his full three month notice period and stated he is leaving to pursue new professional opportunities. The company has informed the stock exchanges under SEBI Listing Regulations.

Likely market impact

Routine senior management exit. No immediate strategic or operational impact disclosed. Watch for a successor announcement from the company.