Thermax Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 31, 2025
THERMAX · price
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Thermax Limited has sent out the notice for its 44th Annual General Meeting scheduled for Thursday, July 31, 2025 at 4:30 p.m. (IST), to be held via video conferencing. A key item on the agenda is the declaration of a dividend of Rs. 14 per share (700%) on each equity share of Rs. 2 face value for FY 2024-25, with the record date set as July 4, 2025 and payment date as August 5, 2025. Shareholders will also be asked to approve the appointment of M/s. Price Waterhouse Chartered Accountants LLP as the new statutory auditor for five years, replacing SRBC & Co LLP whose two consecutive terms end with this AGM. Other resolutions include the re-appointment of Mr. Ashish Bhandari as Managing Director and CEO for another 5-year term (September 1, 2025 to August 31, 2030), ratification of cost auditors' remuneration of Rs. 7.5 lakh, and appointment of M/s. Makarand M. Joshi & Co. as secretarial auditors for FY 2025-26 to FY 2029-30.
This is a routine AGM notice with a positive Rs. 14/share dividend for shareholders of record on July 4, 2025. The auditor rotation to PwC and re-appointment of the MD & CEO are standard governance items that are expected to be approved without affecting the stock price materially.