with a market capitalization of 24,773 crores, Thermax Ltd. is a large-cap industrial firm. The company provides environmentally friendly energy and environmental solutions, and its product line also includes specialty chemicals, water and waste management systems, and products for heating and cooling. Along with turnkey power plants, industrial and municipal wastewater treatment facilities, waste heat recovery systems and air pollution control projects, the company also develops giant boilers for the production of steam and electricity. The organization serves customers through an extensive sales and service presence spread across Asia, Southeast Asia, the Middle East, Africa, Europe and the Americas. The corporation operates internationally through 29 international offices and 14 production sites, of which 10 are in India and 4 abroad. The board of the company has set July 22 as the record date for the purpose of 450% dividend.
On 20 May 2022, the Board had informed the exchange filing that “We would like to further inform you that the Board of Directors has recommended a dividend of Rs. 9/- per equity share of Rs. 2/- each (450%) , for the financial year 2021-22, subject to the approval of the shareholders at the ensuing 41st Annual General Meeting. The record date for payment of dividend will be intimated separately.”
On 8 July 2022, the Company informed the stock exchanges that “in accordance with Regulation 42 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Company has entered into ‘record’ as on Friday, 22nd July, 2022″. For the purpose of determining the names of the members eligible for dividend for the financial year ended’ 31st March, 2022. If the dividend recommended by the Board of Directors is approved in the AGM, the payment of such dividend shall be subject to tax. to all beneficial owners in respect of shares held in demat form as per data provided by National Securities Depository Limited and Central Depository Services (India) at source, as on Monday, the 8th August, 2022, subject to deduction of Rs. Limited to the close of business hours on Friday, July 22, 2022; all Members in respect of shares held in physical form after giving effect to valid transmission or transposition requests lodged with the Company until the close of business on Friday, July 22, 2022 In.”
share . fell 1.39 percent from its previous price of 2099.10 and . settled on 2,069.95 on Friday. The stock has gained 44.79 percent over the past year, and has climbed 14.10 percent YTD so far in 2022.