Thermax Ltd. NSE: THERMAX | BSE: 500411

Mid-range Performer

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3023.40 -38.00 (-1.24%)

28.81% Fall from 52W High

135.6K

NSE+BSE Volume

NSE 09 Jan, 2026 3:31 PM (IST)

Thermax Latest Shareholding Pattern - Promoter, FII, DII, Mutual Fund holding

Thermax shareholding pattern - Promoter holding and pledges, FII, DII, Mutual Fund holding change for the latest quarter.

SHAREHOLDING SUMMARY

HISTORICAL PROMOTOR HOLDING

HISTORICAL MF HOLDING

HISTORICAL FII HOLDING

Promoters holding remains unchanged at 61.98% in Dec 2025 qtr

FII/FPI have decreased holdings from 13.44% to 12.36% in Dec 2025 qtr

Number of FII/FPI investors decreased from 287 to 256 in Dec 2025 qtr

Mutual Funds have increased holdings from 12.56% to 13.26% in Dec 2025 qtr.

Number of MF schemes remains unchanged at 27 in Dec 2025 qtr

Institutional Investors have decreased holdings from 27.39% to 27.20% in Dec 2025 qtr

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Quarter Ending

Summary	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023
Promoter	62.0%	62.0%	62.0%	62.0%	62.0%	62.0%	62.0%	62.0%	62.0%	62.0%	62.0%	62.0%
Holding	62.0%	62.0%	62.0%	62.0%	62.0%	62.0%	62.0%	62.0%	62.0%	62.0%	62.0%	62.0%
Pledged	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Locked	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
FII	12.4%	13.4%	16.0%	15.9%	15.5%	15.4%	15.2%	12.2%	12.0%	12.5%	12.4%	12.3%
DII	14.8%	14.0%	11.7%	12.3%	12.7%	12.7%	12.9%	15.8%	15.9%	15.5%	15.5%	15.6%
Mutual Funds	13.26%	12.56%	10.71%	11.26%	11.87%	12.06%	12.06%	13.56%	13.55%	13.47%	13.52%	13.62%
Banks	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Insurance	1.47%	1.33%	1.03%	0.93%	0.72%	0.62%	0.69%	2.13%	2.16%	1.96%	1.94%	1.98%
Others	0.11%	0.06%	0.0%	0.06%	0.07%	0.04%	0.13%	0.13%	0.15%	0.03%	0.04%	0.03%
Public	5.4%	5.2%	4.8%	4.4%	4.4%	4.5%	4.5%	4.5%	4.7%	4.5%	4.7%	4.6%
Others	5.5%	5.5%	5.5%	5.5%	5.5%	5.5%	5.5%	5.5%	5.5%	5.5%	5.5%	5.5%

Holding Dec 2025		Holding Sep 2025		Holding Dec 2024		History
%	shares	%	shares	%	shares	History
61.98	73,855,995	61.98	73,855,995	61.98	73,855,305

Name	Holding Dec 2025		No of holders	Indian/Foreign	History
Name	%	shares	No of holders	Indian/Foreign	History
Individuals / Hindu Undivided Family	0.01	6,690	2	Indian
Pheroz n pudumjee	0.01	6,000	-	Indian
Khorshed kavas bharucha	0.00	690	-	Indian
Any Other (specify)	61.98	73,849,305	2	Indian
Rda holdings private ltd	53.99	64,328,500	-	Indian
Ara trusteeship company private limited	7.99	9,520,805	-	Indian

Holding Dec 2025		Holding Sep 2025		Holding Dec 2024		History
%	shares	%	shares	%	shares	History
27.20	32,404,025	27.39	32,640,623	28.15	33,539,900

Name	Holding Dec 2025		No of holders	History
Name	%	shares	No of holders	History
Mutual Funds	13.26	15,801,611	27
Sbi energy opportunities fund	7.81	9,307,134	-
Kotak mahindra trustee co ltd a/c kotak nifty midc	2.44	2,910,221	-
Icici prudential energy opportunities fund	1.26	1,498,904	-
Foreign Portfolio Investors Category I	12.18 *	14,509,392	197
Nalanda india equity fund limited	5.13	6,118,073	-
Kotak funds - india midcap fund	1.32	1,570,733	-
Foreign Portfolio Investors Category II	0.18 *	216,370	13
Insurance Companies	1.47	1,749,877	10

Holding Dec 2025		Holding Sep 2025		Holding Dec 2024		History
%	shares	%	shares	%	shares	History
5.35	6,388,418	5.16	6,150,945	4.39	5,243,900

Name	Holding Dec 2025		No of holders	History
Name	%	shares	No of holders	History
Individual share capital in excess of Rs. 2 Lacs	0.19	228,241	2
Individual share capital upto Rs. 2 Lacs	4.33	5,156,129	73,044
Any Others (Specify)	0.10	122,387	1,406
Huf	0.10	120,396	-
Clearing members	0.00	60	-
Trusts	0.00	1,931	-
Bodies Corporate	0.27	326,663	446
Non Resident Indians (NRIs)	0.33	397,763	2,245
Directors and their relatives	0.00	4,169	1
Investor Education and Protection Fund (IEPF)	0.13	150,283	1

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