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SHAREHOLDING PATTERN

You can view the shareholding pattern for the latest three quarters for the company under two broad categories (Promoter & Non Promters).
Thermax Ltd.
GO
Shareholding Pattern as on 30/09/2025
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 4 73855995 73855995 61.98 61.98 73855995
(B) Public 71155 38791568 38791568 32.56 32.56 38688193
(C1) Shares underlying DRs 0 0 0 0.00 0.00 0
(C2) Shares held by Employee Trust 49 6508737 6508737 5.46 5.46 6508737
(C) Non Promoter-Non Public 49 6508737 6508737 5.46 0.00 6508737
Grand Total 71208 119156300 119156300 100.00 100.00 119052925

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 2 6690 0 6690 0.01 6690
PHEROZ N PUDUMJEE 1 6000 0 6000 0.01 6000
ARNAVAZ ROHINTON AGA 0 0 0 0 0.00 0
KHORSHED KAVAS BHARUCHA 1 690 0 690 0.00 690
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
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 Total47385599507385599561.9973855995
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 Total47385599507385599561.9973855995
Public Shareholding
Institutions
Mutual Funds 27 14970122 0 14970122 12.56 14970122
SBI ESG EXCLUSIONARY STRATEGY FUND 1 9053082 0 9053082 7.60 9053082
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK MANUFACTUR 1 2974152 0 2974152 2.50 2974152
Insurance Companies 11 1584973 0 1584973 1.33 1584973
Alternate Investment Funds 6 70374 0 70374 0.06 70374
NBFCs registered with RBI 2 225 0 225 0.00 225
Foreign Portfolio Investors Category I 226 15668533 0 15668533 13.15 15668533
NALANDA INDIA EQUITY FUND LIMITED 1 6118073 0 6118073 5.13 6118073
KOTAK FUNDS - INDIA MIDCAP FUND 1 1670733 0 1670733 1.40 1670733
Foreign Portfolio Investors Category II 15 346396 0 346396 0.29 346396
Sub Total2873264062303264062327.3932640623
Non-Institutions
Any Others (Specify) 1238 120042 0 120042 0.10 120042
HUF 1229 118087 0 118087 0.10 118087
Clearing Members 6 87 0 87 0.00 87
Trusts 3 1868 0 1868 0.00 1868
Bodies Corporate 437 405915 0 405915 0.34 405415
Resident Individuals holding nominal share capital up to Rs. 2 lakhs 67069 4844728 0 4844728 4.07 4742353
Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs 2 228241 0 228241 0.19 228241
Non Resident Indians (NRIs) 2119 394057 0 394057 0.33 393557
Key Managerial Personnel 1 2783 0 2783 0.00 2783
Investor Education and Protection Fund (IEPF) 1 151010 0 151010 0.13 151010
Directors and their relatives (excluding independent directors and nominee directors) 1 4169 0 4169 0.00 4169
Sub Total708686150945061509455.166047570
Grand Total711553879156803879156832.5538688193
Non Promoter - Non Public shareholder
Employee Benefit Trust
Employee Benefit Trust 49 6508737 0 6508737 5.46 6508737
JASMEET BHATIA 1 2873547 0 2873547 2.41 2873547
Sub Total496508737065087375.466508737
Grand Total496508737065087375.466508737