Thermax Limited announced that Mr. Harsh Mariwala has ceased to be its Non-Executive, Lead Independent Director. His tenure concluded upon the completion of his second five-year term on November 9, 2026. The company’s Board of Directors and Management have expressed their appreciation for his contributions during his association with Thermax.
Board Governance Update
Thermax Limited has officially disclosed the completion of tenure for one of its key directors. Mr. Harsh Mariwala, who was serving as the Non-Executive, Lead Independent Director of the company, has stepped down from his position. This cessation is effective from the close of business hours on November 9, 2026, marking the end of his second consecutive five-year term as per the company’s governance policies.
Appreciation for Contributions
The Board of Directors and the Management of Thermax Limited have formally acknowledged and appreciated the valuable contributions made by Mr. Harsh Mariwala during his tenure. His association with the company has been noted for its significant impact. Further details as per SEBI regulations are provided in Annexure “A”, indicating a standard disclosure process for director changes.
Source: BSE
