Thermax Limited

Shareholding pattern / Ownership

Shareholding summary

Jun 2026

Promoter61.98%
Mutual funds12.86%
FII/FPI11.46%
Other DII2.36%
Public5.88%

Largest holders

Name	Category	Shares %	Shares
RDA HOLDINGS PRIVATE LTD	Promoter	53.9900%	64328500
ARA TRUSTEESHIP COMPANY PRIVATE LIMITED	Promoter	7.9900%	9520805
SBI NIFTY MIDCAP 150 MOMENTUM 50 ETF	Public	6.0300%	7183731
NALANDA INDIA EQUITY FUND LIMITED	Public	5.1300%	6118073
JASMEET BHATIA	Public	2.4100%	2866136

As of June 30, 2026. Only holders the filing discloses individually.

Historical promoter holding

Promoters holdings were unchanged at 61.98% in Jun 2026 qtr

Historical fii holding

FII/FPI holdings increased from 11.24% to 11.46% in Jun 2026 qtr

Historical mutual fund holding

Mutual funds holdings decreased from 13.75% to 12.86% in Jun 2026 qtr

29 mutual fund schemes also hold this stock.

All shareholding details →

Shareholding Trend (Promoter/FII/DII %, real filed periods only)

Promoters holdings were unchanged at 61.98% in Jun 2026 qtr
FII/FPI holdings increased from 11.24% to 11.46% in Jun 2026 qtr
DIIs holdings decreased from 15.49% to 15.22% in Jun 2026 qtr
Mutual funds holdings decreased from 13.75% to 12.86% in Jun 2026 qtr
Number of FII/FPI holders increased from 203 to 220 in Jun 2026 qtr
Number of mutual fund holders increased from 26 to 29 in Jun 2026 qtr

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Latest change
Promoter	61.98%	61.98%	61.98%	61.98%	61.98%	61.98%	61.98%	61.98%	0.00 pp
FII	11.46%	11.24%	12.36%	13.44%	16.02%	15.86%	15.49%	15.38%	0.22 pp
DII	15.22%	15.49%	14.84%	13.95%	11.75%	12.25%	12.66%	12.72%	-0.27 pp
Mutual funds (within DII)	12.86%	13.75%	13.26%	12.56%	10.71%	11.26%	11.87%	12.06%	-0.89 pp
Public (non-institutional)	5.88%	5.83%	5.36%	5.17%	4.78%	4.44%	4.40%	4.44%	0.05 pp

Public (non-institutional) = SEBI's Public total minus FII minus DII, shown only where all three were filed. A dash means that holder category filed nothing for that quarter. Holder counts are as filed (entities, not schemes).

Shareholding Pattern (latest quarter)

Category	% holding	Shareholders
Grand Total	100.0000	91857
(A) Promoter & Promoter Group	61.9800	3
(B) Public	32.5600	91805
(C2) Shares held by Employee Trust	5.4600	49
(C1) Shares underlying DRs	0.0000	0
(C) Non Promoter-Non Public	0.0000	49

Mutual fund holdings

29 schemes in our data hold this stock as of July 31, 2026 — weight is the share of each scheme's portfolio. Over 3 months 15 raised and 14 cut the weight. Covers the funds in our feed (about 670 schemes), not every scheme in the market; the feed has no share counts or rupee values.

Scheme	Weight in scheme	3M change in weight
SBI Focused Fund(IDCW-Payout)	1.98%	-0.06 pp
SBI Large Cap Fundd(IDCW Payout)	1.82%	-0.39 pp
Kotak Flexicap Fund(IDCW-Payout)	1.67%	0.05 pp
SBI ESG Exclusionary Strategy Fund(IDCW-Payout)	1.45%	-0.41 pp
LIC MF Midcap Fund	1.44%	1.44 pp
LIC MF Midcap Fund	1.44%	1.44 pp
ITI Multi Cap Fund	1.32%	1.32 pp
ITI Multi Cap Fund(IDCW)	1.32%	1.32 pp
ITI Small Cap Fund	1.31%	1.31 pp
Sundaram ELSS Tax Saver Fund(IDCW)	1.17%	0.47 pp
Sundaram ELSS Tax Saver Fund(IDCW)	1.17%	0.47 pp
SBI Midcap Fund(IDCW Payout)	1.06%	-0.52 pp
Aditya Birla SL Retirement Fund-30	1.06%	-0.55 pp
Aditya Birla SL Retirement Fund-30(IDCW)	1.06%	-0.55 pp
Aditya Birla SL Retirement Fund-40	1.02%	0.03 pp
Aditya Birla SL Retirement Fund-40(IDCW)	1.02%	0.03 pp
HSBC Large & Mid Cap Fund	0.97%	0.17 pp
HSBC Large & Mid Cap Fund(IDCW-Payout)	0.97%	0.17 pp
HSBC Equity Savings Fund(Q-IDCW Payout)	0.90%	-0.35 pp
HSBC Equity Savings Fund(Q-IDCW Payout)	0.90%	-0.35 pp
LIC MF Value Fund	0.84%	-1.05 pp
LIC MF Value Fund	0.84%	-1.05 pp
Tata Multi Asset Allocation Fund	0.66%	-0.08 pp
Tata Multi Asset Allocation Fund(IDCW Payout)	0.66%	-0.08 pp
ICICI Pru Multicap Fund(IDCW-Payout)	0.64%	-0.03 pp

Top 25 of 29 by weight.

Named Shareholders

Individually-disclosed large holders as of June 30, 2026 -- the filing only names holders large/notable enough to be individually disclosed, not every real shareholder.

Name	Category	% holding	Shares
RDA HOLDINGS PRIVATE LTD	Promoter · Bodies Corporate	53.9900	64328500
ARA TRUSTEESHIP COMPANY PRIVATE LIMITED	Promoter · Bodies Corporate	7.9900	9520805
SBI NIFTY MIDCAP 150 MOMENTUM 50 ETF	Public · Mutual Funds Or U T I	6.0300	7183731
NALANDA INDIA EQUITY FUND LIMITED	Public · Details Of Shares Held By Institutions Foreign Portfolio Investor One	5.1300	6118073
JASMEET BHATIA	Public · Employee Benefits Trusts	2.4100	2866136
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK NIFTY MIDC	Public · Mutual Funds Or U T I	1.8400	2189944
SBI LIFE INSURANCE CO. LTD	Public · Insurance Companies	1.0900	1303780
PHEROZ N PUDUMJEE	Promoter · Individuals Or H U F	0.0100	6000