Thermax Limited has made a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III of the Listing Regulations.
The company informs that Mr. Harsh Mariwala (DIN: 00210342) has ceased to be Non-Executive, Lead Independent Director of the Company effective at the close of business hours on November 9, 2026. This cessation occurred upon completion of his second term of 5 years as Independent Director of the Company.
The Board of Directors and Management of the Company have placed on record their deep appreciation for the contributions made by Mr. Harsh Mariwala over the years during his association with the Company.
The disclosure includes Annexure A providing requisite details as required by SEBI Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026:
- Reason for change: Completion of second term of 5 years as Independent Director of the Company
- Date of cessation: November 9, 2026
- Brief profile: Not applicable (NA)
- Disclosure of relationships between directors: Not applicable (NA)
The disclosure was signed by Sangeet Kaur Hunjan, Company Secretary & Compliance Officer (Membership No: A23218) on November 9, 2026, at 18:33:18 IST.
Financial Impact
No financial impact quantified in the disclosure. This is a governance change related to board composition.