Thermax Limited has informed the Exchange regarding Change in Director(s) of the company.
THERMAX · price
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Thermax Limited's shareholders, at the 44th Annual General Meeting held on July 31, 2025, approved the re-appointment of Mr. Ashish Bhandari as Managing Director, Chief Executive Officer (MD & CEO) and Key Managerial Personnel for a further period of five years, effective from September 1, 2025 to August 31, 2030. Mr. Bhandari has been leading Thermax as MD & CEO since September 1, 2020, and brings over two decades of experience, including a prior role as Vice President for India and South Asia at Baker Hughes. He is not related to any other director on the board and is not debarred by SEBI or any other authority. Voting results were filed with BSE and NSE on August 1, 2025.
This is a routine re-appointment of the existing CEO, providing continuity in leadership for the next five years. For shareholders, this signals stability in the company's strategic direction, particularly around energy transition, digital transformation, and sustainability initiatives that Mr. Bhandari has been driving.