Thermax Limited has informed the Exchange about Retirement
THERMAX · price
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Thermax Limited has informed the stock exchanges that Mr. Pravin Karve, a member of the company's Executive Council, will retire from services effective end of business on July 31, 2025. Upon retirement, he will cease to hold the position of Senior Management Personnel. The company noted that a formal resignation letter is not required in this case as it is a retirement. The disclosure has been made under SEBI's Listing Regulations, with details attached as Annexure A.
This is a routine, planned retirement of a senior management member with no disruption indicated. Shareholders should monitor any subsequent communication regarding the succession plan or replacement, but no immediate impact on operations or stock price is expected.