Thermax Limited has officially released its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The document confirms the company’s commitment to maintaining high standards of corporate governance and operational transparency. Following a comprehensive review conducted by independent firm Makarand M. Joshi & Co., the company has been found to be in full compliance with all relevant corporate guidelines and statutory requirements for the 2025-26 fiscal year.
Commitment to Corporate Governance
Thermax Limited continues to uphold its dedication to strict corporate governance practices. The recent audit conducted by external Company Secretaries, Makarand M. Joshi & Co., serves as a validation of the company’s adherence to its operational and disclosure obligations throughout the financial year 2025-26. This process underscores the company’s systematic approach to maintaining transparency with its stakeholders.
Audit Findings and Operational Status
The comprehensive review examined various aspects of company management, including policy implementation, website disclosures, and board-level evaluations. Key highlights from the findings include:
- Policy Adoption: All internal policies remain updated and in full alignment with the latest governance standards.
- Digital Transparency: The company continues to maintain a functional and efficient website for the timely dissemination of information.
- Board Integrity: Confirmation that no directors are disqualified under current legislative requirements.
- Subsidiary Oversight: Proper identification and disclosure protocols for all material subsidiary entities remain active and effective.
Future Outlook and Compliance
The audit report concluded that there were no major violations, penalties, or negative actions taken against the company, its promoters, or its subsidiaries during the review period. By ensuring rigorous oversight of Related Party Transactions and maintaining robust documentation standards, Thermax Limited reaffirms its focus on sustainable growth and stakeholder trust as it moves forward into the 2026-27 fiscal year.
Source: BSE
