THERMAXNSEThermax Limited· Electrical EquipmentHighNegative
Announced Fri, 8 May · 11:00 IST

Thermax Limited has informed the Exchange regarding Demise of Dr S B (Ravi) Pandit, Non- Executive Independent Director of the company on May 08, 2026.

Director Flagged GovernanceManagement Changes View source PDF

THERMAX · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+8.0%1-day move
₹4200.00
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₹4613.00
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AI summary

Thermax Limited announces the passing of Dr. S.B. (Ravi) Pandit, who served as a Non-Executive Independent Director on the Board since 2017. He died on Friday, May 8, 2026. The company expressed deep sorrow and noted that Dr. Pandit's wisdom, experience, and leadership greatly benefited the organisation during his tenure. Chairperson Mrs. Meher Pudumjee described it as a profound loss for India, the Board, and all who worked with him, highlighting his vision and commitment to sustainability. The company extended heartfelt condolences to his family.

Likely market impact

The passing reduces the Board's Independent Director composition, which may require the company to fill the vacancy to maintain compliance with board composition requirements.