Thermax Limited has informed the exchanges about sad demise of Dr. S. B (Ravi) Pandit, Non-Executive Independent Director of the Company.
THERMAX · price
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Thermax Ltd has announced the sad demise of Dr. S.B. (Ravi) Pandit on May 8, 2026. Dr. Pandit served as a Non-Executive Independent Director on the company's board since 2017. The company expressed profound loss, with Chairperson Mrs. Meher Pudumjee acknowledging his vision and commitment to sustainability. The company stated that all directors and employees convey their condolences to his family. This is a routine intimation filed with the stock exchanges as required under listing regulations.
The death of an independent director creates a board vacancy that will need to be filled in accordance with regulatory requirements. While the company will continue operations, there may be a temporary reduction in board independence until a replacement is appointed.