Thermax Limited has informed the Exchange about Retirement

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THERMAX · price

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

+1.0%Reaction day

₹3794.00

prior close

₹3826.80

announcement price

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.2%+0.8% vs market

Heavy Electrical Equipment peers, median of 27sector+0.3%+0.7% vs sector

On the reaction day the stock moved 0.8 pts more 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.

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Next day

+3.8-0.6+4.5+0.4+3.4

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UpDownMarket · Nifty Midcap 150Sector · Heavy Electrical Equipment peers, median of 27Pending

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

AI summary

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.

Likely market impact

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.