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ANNUAL RESULTS

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Thermax Ltd.
Shareholding Pattern as on 31/03/2026
Summary statement holding of specified securities
Category of shareholder Nos. of shareholders No. of fully paid up equity shares held Total nos. shares held Shareholding as a % of total no. of shares (calculated as per SCRR, 1957)As a % of (A+B+C2) Shareholding as a % assuming full conversion of convertible securities (as a percentage of diluted share capital) As a % of (A+B+C2) Number of equity shares held in dematerialized form
(A) Promoter & Promoter Group 3 73855305 73855305 61.98 61.98 73855305
(B) Public 89912 38793366 38793366 32.56 32.56 38692990
(C1) Shares underlying DRs 0 0 0 0.00 0.00 0
(C2) Shares held by Employee Trust 49 6507629 6507629 5.46 5.46 6507629
(C) Non Promoter-Non Public 49 6507629 6507629 5.46 0.00 6507629
Grand Total 89964 119156300 119156300 100.00 100.00 119055924

Category of shareholder Nos. of shareholders No. of fully paid up equity shares held No. of shares underlying Depository Receipts Total nos. shares held Shareholding as a % of total no. of shares (calculated as per SCRR, 1957)As a % of (A+B+C2) Number of equity shares held in dematerialized form
Shareholding of Promoter and Promoter Group
Indian
Individuals / Hindu Undivided Family 1 6000 0 6000 0.01 6000
PHEROZ N PUDUMJEE 1 6000 0 6000 0.01 6000
ARNAVAZ ROHINTON AGA 0 0 0 0 0.00 0
KHORSHED KAVAS BHARUCHA 0 0 0 0 0.00 0
LEA PUDUMJEE 0 0 0 0 0.00 0
MEHER P. SETHNA 0 0 0 0 0.00 0
MEHER PUDUMJEE 0 0 0 0 0.00 0
ZAHAAN PHEROZ PUDUMJEE 0 0 0 0 0.00 0
Any Other (specify) 2 73849305 0 73849305 61.98 73849305
RDA HOLDINGS PRIVATE LTD 1 64328500 0 64328500 53.99 64328500
ARA TRUSTEESHIP COMPANY PRIVATE LIMITED 1 9520805 0 9520805 7.99 9520805
LAZARA CAPITAL ADVISORS PRIVATE LIMITED 0 0 0 0 0.00 0
LAZARA INVESTMENT SERVICES LLP 0 0 0 0 0.00 0
MEPHEZALEA ASSET SERVICES LLP 0 0 0 0 0.00 0
SHAKTI SUSTAINABLE ENERGY FOUNDATION 0 0 0 0 0.00 0
SOCOMP SOLUTIONS PRIVATE LIMITED 0 0 0 0 0.00 0
Sub Total37385530507385530561.9973855305
Foreign
Any Others (Specify) 0 0 0 0 0.00 0
RDA INVESTMENTS SINGAPORE PTE. LTD. 0 0 0 0 0.00 0
Individuals (Non-Resident Individuals/ Foreign Individuals) 0 0 0 0 0.00 0
DARAYUS A. BHATENA 0 0 0 0 0.00 0
JAMSDHED A. BHATENA 0 0 0 0 0.00 0
Sub Total00000.000
Grand Total37385530507385530561.9973855305
Public Shareholding
Institutions
Mutual Funds 26 16378897 0 16378897 13.75 16378897
SBI ESG EXCLUSIONARY STRATEGY FUND 1 9300082 0 9300082 7.80 9300082
KOTAK FLEXICAP FUND 1 2635373 0 2635373 2.21 2635373
ICICI PRUDENTIAL MUTUAL FUND - ICICI PRUDENTIAL NI 1 1200744 0 1200744 1.01 1200744
Insurance Companies 11 1775773 0 1775773 1.49 1775773
Alternate Investment Funds 16 301276 0 301276 0.25 301276
NBFCs registered with RBI 2 225 0 225 0.00 225
Foreign Portfolio Investors Category I 190 13187335 0 13187335 11.07 13187335
NALANDA INDIA EQUITY FUND LIMITED 1 6118073 0 6118073 5.13 6118073
KOTAK FUNDS - INDIA MIDCAP FUND 1 1243333 0 1243333 1.04 1243333
Foreign Portfolio Investors Category II 13 209225 0 209225 0.18 209225
Sub Total2583185273103185273126.7431852731
Non-Institutions
Any Others (Specify) 1521 126403 0 126403 0.11 126403
HUF 1514 123744 0 123744 0.10 123744
Clearing Members 3 192 0 192 0.00 192
Trusts 4 2467 0 2467 0.00 2467
Bodies Corporate 704 373922 0 373922 0.31 373422
Resident Individuals holding nominal share capital up to Rs. 2 lakhs 84164 5458382 0 5458382 4.58 5359006
Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs 3 377086 0 377086 0.32 377086
Non Resident Indians (NRIs) 3259 452082 0 452082 0.38 451582
Key Managerial Personnel 1 2783 0 2783 0.00 2783
Investor Education and Protection Fund (IEPF) 1 145808 0 145808 0.12 145808
Directors and their relatives (excluding independent directors and nominee directors) 1 4169 0 4169 0.00 4169
Sub Total896546940635069406355.826840259
Grand Total899123879336603879336632.5638692990
Non Promoter - Non Public shareholder
Employee Benefit Trust
Employee Benefit Trust 49 6507629 0 6507629 5.46 6507629
JASMEET BHATIA 1 2872439 0 2872439 2.41 2872439
Sub Total496507629065076295.466507629
Grand Total496507629065076295.466507629