Thermax Limited has informed the Exchange about Action(s) taken or orders passed
THERMAX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.3 pts less than Nifty Midcap 150 and 3.0 pts less than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Thermax Limited has received an Assessment Order dated December 31, 2025, from the State Tax Officer (GST), Jamshedpur, Jharkhand. The order imposes a penalty of Rs 11.86 lakh on the company for input tax credit it availed that did not match what its suppliers had reported in their GST returns. The company has clarified that there is no material impact on its financials, operations, or other activities from this order. Thermax plans to file an appeal challenging the demand in due course.
The penalty is a small one-time amount (Rs 11.86 lakh) with no material impact on the company's financials or operations. Shareholders are unlikely to see any meaningful effect on the stock price, though the appeal process will be worth tracking.