Thermax Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 31, 2025. Further, the company has informed the Exchange regarding voting results.
THERMAX · price
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Thermax Limited submitted the voting results and scrutinizer's report for its 44th AGM held on July 31, 2025 via video conferencing. All seven resolutions were approved with the required majority, including adoption of audited financial statements (99.99% in favour) and declaration of a dividend of Rs. 14 per share (700% on face value of Rs. 2) for FY25. Shareholders also approved the re-appointment of Mr. Pheroz N. Pudumjee as a Director (99.06%), appointment of Price Waterhouse Chartered Accountants LLP as statutory auditors for five years (99.77%), and ratification of cost auditors' remuneration (99.99%). The appointment of Makarand M. Joshi & Co. as secretarial auditors for FY26-FY30 also passed (99.77%). The special resolution re-appointing Mr. Ashish Bhandari as Managing Director and CEO for five years (September 2025 to August 2030) was approved with 96.07% in favour.
The Rs. 14 per share dividend rewards shareholders and reflects strong financial performance for FY25. Continuity of leadership with Ashish Bhandari's re-appointment provides stability, and the wide approval margins on all resolutions indicate strong shareholder confidence with no material dissent on key governance matters.