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Non Independent DirectorChairperson related to Promoter1966-10-11falseActiveNA2001-01-152001-01-151010MrPHEROZ N PUDUMJEEAAJPP7065R00019602Non-Executive - Non Independent DirectorNot Applicable1962-02-23falseActiveNA2001-01-152023-08-012131MrHARSH CHARANDAS MARIWALA00210342Non-Executive - Independent DirectorNot Applicable1951-05-14falseActiveYes2021-08-062016-11-102021-11-10100.214210MrS. 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PANDITAEEPP9019E00075861Non-Executive - Independent DirectorNot Applicable1950-03-29falseActiveYes2022-08-022017-05-302022-05-3094.022110MrsRAJANI KESARI02384170Non-Executive - Independent DirectorNot Applicable1971-07-02falseActiveNA2018-11-142023-11-1476.171121MrRAVI SHANKAR GOPINATHABCPG7172L00803847Non-Executive - Independent DirectorNot Applicable1965-12-25falseActiveNA2021-11-102021-11-1040.211100MrSHYAMAK RAMYAR TATA07297729Non-Executive - Independent DirectorNot Applicable1963-07-11falseActiveNA2023-10-172023-10-1717.153365MrPARAG C SHAHAACPS7509N00374944Non-Executive - Independent DirectorNot Applicable1975-11-29falseActiveNA2024-12-122024-12-123.23340MrASHISH BHANDARI05291138Executive DirectorNot ApplicableCEO-MD1971-05-06falseActiveNA2020-09-012024-08-011010truetruetruetruetrueAudit Committee07297729SHYAMAK RAMYAR TATANon-Executive - Independent DirectorChairperson2023-10-17Audit Committee02384170RAJANI KESARINon-Executive - Independent DirectorMember2018-11-14Audit Committee00019602PHEROZ N PUDUMJEENon-Executive - Non Independent DirectorMember2004-11-09Audit Committee00374944PARAG C SHAHNon-Executive - Independent DirectorMember2025-02-04Nomination and remuneration committee00210342HARSH CHARANDAS MARIWALANon-Executive - Independent DirectorChairperson2016-11-10Nomination and remuneration committee00019581MEHER PUDUMJEENon-Executive - Non Independent DirectorMember2015-03-06Nomination and remuneration committee00075861S. 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PANDITNon-Executive - Independent DirectorMember2018-11-14Corporate Social Responsibility Committee07297729SHYAMAK RAMYAR TATANon-Executive - Independent DirectorMember2024-07-222024-10-25true8852024-11-1318true8852025-02-0482true9962025-02-050true9962025-03-2042true985Audit Committee2024-11-12true3320Audit Committee2025-02-0382true3320Audit Committee2025-03-2044true4430Nomination and remuneration committee2024-12-12true4430Nomination and remuneration committee2025-02-0655true4430Stakeholders Relationship Committee2024-10-25true4410Stakeholders Relationship Committee2025-01-2793true4310Risk Management Committee2024-08-22true4430Risk Management Committee2025-02-06167true4430truetruetruetrueYestruetruetrueJANHAVI KHELECompany Secretary and Compliance OfficerYeshttps://www.thermaxglobal.com/Yeshttps://www.thermaxglobal.com/wp-content/uploads/2024/12/TL_MOA_AOA_2024.pdfYeshttps://www.thermaxglobal.com/about-us/leadership/ https://www.thermaxglobal.com/about-us/directorships/Yeshttps://www.thermaxglobal.com/wp-content/uploads/2024/11/Terms-and-Conditions-of-appointment-of-Independent-Directors.pdfYeshttps://www.thermaxglobal.com/wp-content/uploads/2025/02/Updated_BoardCommitteesComposition.pdfYeshttps://www.thermaxglobal.com/wp-content/uploads/2024/11/Code-of-Conduct-for-the-Board-of-Directors-and-Senior-Management-of-Thermax-Limited.pdfYeshttps://www.thermaxglobal.com/wp-content/uploads/2024/11/Whistler-Blower-Policy.pdfYeshttps://www.thermaxglobal.com/wp-content/uploads/2024/11/Criteria-for-payment-of-Remuneration-to-the-Non-Executive-Directors.pdfYeshttps://www.thermaxglobal.com/wp-content/uploads/2024/11/Related-Party-Transactions-Policy.pdfYeshttps://www.thermaxglobal.com/wp-content/uploads/2025/03/Policy-on-material-subsidiaries.pdfYeshttps://www.thermaxglobal.com/corporate-governance-policies-and-disclosures/Yeshttps://www.thermaxglobal.com/investor-services-contact/Yeshttps://www.thermaxglobal.com/investor-services-contact/Yeshttps://www.thermaxglobal.com/financial-results/Yeshttps://www.thermaxglobal.com/shareholding-pattern-2/NAYeshttps://www.thermaxglobal.com/investor-presentations/Yeshttps://www.thermaxglobal.com/analyst-conference-calls/NAYeshttps://www.thermaxglobal.com/stock-exchange-notifications/Yeshttps://www.thermaxglobal.com/credit-ratings/Yeshttps://www.thermaxglobal.com/subsidiary-annual-report/Yeshttps://www.thermaxglobal.com/stock-exchange-notifications/Yeshttps://www.thermaxglobal.com/wp-content/uploads/2024/11/Materiality-Policy.pdfYeshttps://www.thermaxglobal.com/key-managerial-personnel/Yeshttps://www.thermaxglobal.com/stock-exchange-notifications/NAYeshttps://www.thermaxglobal.com/wp-content/uploads/2025/03/Dividend-Distribution-Policy_New-1.pdfYeshttps://www.thermaxglobal.com/annual-returns/Yeshttps://www.thermaxglobal.com/thermax-disclosures-under-sebi-sbeb-regulations/Yeshttps://www.thermaxglobal.com/Yeshttps://www.thermaxglobal.com/YesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesNAYesYesYesNAYesYesYesYesYesYesYesYesYesYesNANAJANHAVI KHELECompany Secretary and Compliance OfficerYesJANHAVI KHELECompany Secretary and Compliance OfficerfalseJANHAVI KHELECompany Secretary and Compliance OfficerPUNE2025-04-1600000Superitendnet CGST & Central Excise Vadodadara II , GujaratOrder passed u/s S .74 of GST Act disallowing Input Tax credit availed for a supply made by a GST Non compliant supplier for year FY 2018-19. Penalty is imposed for an amount of Rs 0.04Cr2025-01-17ITC credit disallowed for supply made by a Non- complaint Vendor.The Company has filed the appeal against the Order before the appropriate Authority. Company does not foresee any impact on its finanacial, operaitonal or other activitiesExcise & Taxation officer Faridabad HarayanaOrder passed u/s S 73 of GST Act disallowing Input Tax credit availed for the year FY 2020-21 , penalty is imposed for an amount of Rs 0.01 Cr2025-02-20ITC credit disallowed for Non Complaint VendorsThe Company has filed the appeal against the Order before the appropriate Authority. Company does not foresee any impact on its finanacial, operaitonal or other activitiesDeputy Commissioner Tax Officer Hosur Tamil NaduOrder passed u/s 129(3) of GST Act for penalty amount of Rs 0.03 Cr2025-02-10The penalty is imposed for deficiney in dispatch documentsThe Company has filed the appeal against the Order before the appropriate Authority. Company does not foresee any impact on its finanacial, operaitonal or other activitiesAssistant Commissiner Mobile Squad Hatharas Uttar PradeshOrder passed u/s 129(3) of GST Act for penalty amount of Rs 0.03 Cr2025-02-24The penalty is imposed for deficiney in dispatch documentsThe Company is taking necessary steps to appeal against the Order before the appropriate Authority. Company does not foresee any impact on its finanacial, operaitonal or other activitiesCommissioner of Customs (NS-II), JNCH, Nhava Sheva2024-09-27Order passed by authority for recovery of Customs Duty of Rs. 6.81 Cr., Rs. 2 Cr u/s 125, Rs. 1.20 Cr. u/s 112(a) of Customs Act, 1962No further updatesIncome Tax Department2024-04-05Demand Notice u/s 156 & assessment Order u/s 147 read with section 144 read with section 144B of the Income Tax Act, 1961 for non-filing of Income Tax Returns for FY 2017-18 and FY 2018-19 by Thermax Babcock and Wilcox Limited (Amalgamated). Writ Petition filed before High Court was decided in Company's favor and accordingly demand was quashed.On 28.01.2025 Assessing Officer passed Orders giving effect to HC Order and granted relief in both years AY 2018-19 and AY 2019-20Income Tax (Government of India)2023-08-15Matter related to Legal & Professional Expenses - treated as Capital Expenditure, Liquidated Damages, and Provision for Medical Expenditure & LTA for AY 2005-06 to AY 2009-10.These are Department appeals in High Court. No further development.Income Tax Appellate Tribunal (ITAT)2023-08-15Appeal pending with ITAT for AY 2002-03 relating to lease Rentals.No further action required from Department and Company.Sales Tax, Maharashtra2023-08-15Matter pending before 1st Appeal & Second Appeal (Tribunal) for ITC disallowance for J1-J2 mismatch for AY 2007-08 to 2017-18 (except AY 2008-09)No further updatesSales Tax, Maharashtra2023-08-15Assessment CST dues for AY 2000-01 & AY 2001-02 pending before High Court, MaharashtraMatters yet to come for hearing before High Court.Joint Commissioner, CGST, Pune2024-12-20Authority has raised the demand on issuance of Corporate Guarantees /Letter of support issued to Banks on behalf of subsidiary companies for the period FY 2017-18 to 2022-23.Appeal filed before Appeallate Authority, CGST Pune.Commissioner of CGST & CE, Pune – I2023-12-24Commissioner of CGST & CE, Pune – I has filed an appeal before the Hon’ble Supreme Court of India.There is no further update.00000000000000000000000000000000All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company.trueRAJENDRAN ARUNACHALAMCFOPUNE2025-04-03