Thermax Limited — Others, 01-05-2025: Action(s) taken or orders passed

Thermax Limited has announced a board meeting on the financial results for the quarter and half-year. The company received a penalty order of Rs. 1.50 crore from Tamil Nadu tax authorities related to disallowed Input Tax Credit due to delayed supplier payments from FY 2018-19 to FY 2022-23. Thermax is appealing the penalty and expects no financial or operational impact. This shows proactive management of tax disputes while maintaining steady business operations.