Thermax has scheduled a Board Meeting for Thursday, July 31, 2025, to consider and approve its unaudited standalone and consolidated financial results for the first quarter of FY26. This meeting coincides with the company's 44th Annual General Meeting (AGM). On July 8, 2025, Thermax Limited announced the signing of a shareholders' agreement by First Energy 11 Private Limited, a wholly-owned subsidiary, suggesting developments in its project portfolio. The company has declared a final dividend of ₹14.00 per equity share for the financial year ended March 31, 2025. The ex-dividend and record date for this payout was July 4, 2025. Thermax's subsidiary, Thermax Babcock & Wilcox Energy Solutions (TBWES), recently secured a repeat order worth ₹516 crore for a 300 MW energy project in Botswana. Another Thermax arm also received an order exceeding ₹500 crore to establish five bio-CNG plants across India, indicating a focus on green energy solutions.

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