Thermax Limited announced at the board meeting held on May 9, 2025, approved appointment of Mr. Harsh Mariwala (DIN: 00210342) as the Lead Independent Director of the Company. Mr. Satish Jayaram has ceased to be the Chief Internal Auditor of the Company with effect from May 9, 2025, due to change of role within the Company and appointment of Mr. Tushar Dahale as the Chief Internal Auditor of the Company with effect from May 10, 2025. Mr. Tushar Dahale brings with him 20 years of rich experience in auditing, risk management, and corporate governance. He was previously associated with Shree Renuka Sugars Ltd. as Head ­ Internal Audit and has extensive expertise in audits, risk and governance frameworks, policy development, statutory compliance, and strengthening internal controls across Manufacturing and FMCG industries. Mr. Dahale is a Chartered
Accountant and holds a bachelor's degree in commerce.