Thermax accepts resignation of EVP Kirtiraj Jilkar effective Jun 30, 2026
Kirtiraj Jilkar resigned as Executive Vice President and BU Head – P&ES at Thermax Limited effective June 30, 2026, due to personal reasons. The company informed the stock exchanges in compliance with SEBI regulations, providing the requisite details and the resignation letter.
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Kirtiraj Jilkar has resigned as Executive Vice President and BU Head – P&ES at Thermax Limited effective June 30, 2026, due to personal reasons. The resignation took effect at the close of business hours on the specified date. This disclosure was submitted to BSE Limited and the National Stock Exchange of India Limited in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
In his resignation letter addressed to Ashish Bhandari, Managing Director and Chief Executive Officer, Jilkar expressed gratitude for the opportunities and support received during his tenure. He wished the company continued success in its future endeavours. The resignation marks the cessation of his role as a Senior Management Personnel within the organization.
The requisite details were provided as required by SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The filing was signed by Sangeet Kaur Hunjan, Company Secretary & Compliance Officer of Thermax Limited.
| Sr. No. | Disclosure Requirement | Brief Particulars |
|---|---|---|
| 1 | Reason for change | Mr. Kirtiraj Jilkar Executive Vice President and BU Head – P&ES (Senior Management Personnel) has resigned from the Company with effect from close of business hours of June 30, 2026. |
| 2 | Date of cessation | June 30, 2026 |
| 3 | Brief profile | NA |
| 4 | Disclosure of relationships | NA |
Historical Stock Returns for Thermax
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.91% | -4.58% | -7.29% | +52.27% | +35.03% | +209.21% |
Who will be appointed as the successor to lead the P&ES business unit, and what is the expected timeline for this transition?
How might this leadership change impact Thermax's strategic direction and operational performance in the P&ES segment?
Will Thermax look to fill the vacancy internally or externally, and what criteria will guide the selection process?
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