Thermax Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 31, 2025

Thermax Limited held its 44th Annual General Meeting on July 31, 2025, via video conferencing, chaired by Chairperson Meher Pudumjee. Shareholders approved seven resolutions, including adoption of FY25 audited financial statements, declaration of a dividend of Rs. 14 per equity share, re-appointment of Mr. Pheroz N. Pudumjee as a director, and appointment of Price Waterhouse Chartered Accountants LLP as Statutory Auditors for five years. The re-appointment of Mr. Ashish Bhandari as Managing Director and CEO for another five years (September 1, 2025 to August 31, 2030) was passed as a special resolution. The Chairperson also presented FY25 and Q1 FY26 results, highlighting a 7% growth in order book to Rs. 2,748 crore and a 38% jump in profit after tax to Rs. 151 crore for the quarter ended June 30, 2025. The company also showcased a 37% reduction in carbon emissions in FY25, surpassing its 25% target, and set a new goal of 50% reduction by FY30.