SBI Mutual Fund reduced its aggregate stake in Thermax to 5.5957% following a net sale of shares on September 3, 2026. The mutual fund sold 7,776 equity shares through the open market, bringing its total holding to 66,67,654 shares.

The transaction represents a decrease of 0.0065% in the fund’s voting rights relative to Thermax’s paid-up share capital. This adjustment follows a previous disclosure dated August 28, 2025, where SBI Mutual Fund reported a holding of 7.5979%. The current filing indicates a broader reduction in exposure over the intervening period, with the latest specific trade reflecting routine portfolio rebalancing.

Shareholding Details

The disclosure submitted to stock exchanges outlines the precise movement in shareholding before and after the transaction. The total equity share capital of Thermax remains unchanged at ₹23,83,12,600, comprising 11,91,56,300 equity shares with a face value of ₹2 each.

SBI Mutual Fund confirmed that no warrants, convertible securities, or encumbered shares were involved in this specific transaction. The sale was categorized as a market sale and purchase activity.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. SBI Funds Management Limited filed the report with both the National Stock Exchange of India Limited and BSE Limited on September 4, 2026. The filing confirms that SBI Mutual Fund operates under its various schemes and is not part of the promoter group or persons acting in concert with the promoter.

Thermax Limited has made the full transcript of its first-quarter fiscal year 2027 (Q1FY27) investor conference call available to the public. The document, detailing management’s commentary on the company’s financial performance and operational updates, was uploaded to the company’s official website on August 6, 2026. This release provides shareholders and analysts with a comprehensive text-based record of the discussions that took place during the earnings review session.

The conference call was originally held on Friday, July 31, 2026, at 11:00 a.m. (IST). While the audio recording had been previously disclosed, the subsequent release of the written transcript offers greater accessibility and searchability for market participants seeking specific details on revenue trends, profit margins, and future guidance provided by the executive team. The filing serves as a formal record for regulatory compliance and investor transparency.

This disclosure is made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The regulation mandates that listed entities provide detailed records of investor interactions to ensure fair dissemination of information. Thermax Limited notified both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE) regarding the availability of the transcript, adhering to the prescribed regulatory timelines.

Sangeet Hunjan, Company Secretary and Compliance Officer at Thermax Limited, signed the disclosure letter addressed to the Secretary of BSE Limited and the National Stock Exchange of India Limited. The document confirms that the transcript can be accessed via the 'Investors' section under 'Quarterly Results' on the official website, www.thermaxglobal.com . This step ensures that all stakeholders have equal access to the management’s narrative surrounding the Q1FY27 results.

Regulatory Compliance Details

The availability of the transcript allows investors to verify the information presented during the live session without relying solely on audio playback. Market participants are advised to refer to the official text file for precise details on operational metrics and strategic initiatives discussed by the management team during the Q1FY27 review period.