Thermax Ltd. Shareholding Pattern: Promoters, FIIs, DIIs & Public Holdings (Latest)

Financial Shareholding

Shareholding Snapshot : Sep 2025

Score and Return Performance

Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 27 Schemes (12.56%)

FIIs

Held by 241 FIIs (13.44%)

Promoter with highest holding

Rda Holdings Private Ltd (53.99%)

Highest Public shareholder

Sbi Esg Exclusionary Strategy Fund (7.6%)

Individual Investors Holdings

4.26%

Shareholding Analysis

Promoters

No change in Promoter holdings

FII

FII holding has decreased by -2.58%

MF

MF holding has increased by 1.85%

Insurance

Holdings of Insurance companies has increased by 0.3%

OtherDII

Other DII holding has increased by 0.06%

NII

Holdings of Non Institutional Shareholders has increased by 0.37%

Shareholding Snapshot: Sep 25

Shareholders

Shares(Cr.)

Holding(%)

Promoters

Pledged shares

7.39

0.0

61.98%

0.0%

FIIs

1.6

13.44%

Mutual Funds

1.5

12.56%

Insurance

0.16

1.33%

Other DIIs

0.01

0.06%

Non Institutional Investors

1.27

10.62%

Others

0.0%

Total

11.93

100%

Promoter Holding - Sep 25

Shareholders

Total Shares(Cr.)

in %

Rda Holdings Private Ltd

6.43

53.99%

Ara Trusteeship Company Private Limited

0.95

7.99%

Pheroz N Pudumjee

0.01%

Khorshed Kavas Bharucha

Rda Investments Singapore Pte. Ltd.

Darayus A. Bhatena

Jamsdhed A. Bhatena

Mephezalea Asset Services Llp

Lazara Capital Advisors Private Limited

Socomp Solutions Private Limited

Shakti Sustainable Energy Foundation

Meher P. Sethna

Lea Pudumjee

Zahaan Pheroz Pudumjee

Arnavaz Rohinton Aga

Meher Pudumjee

Public Shareholders (above 5%) Sep 25

Shareholders

in %

Total Shares(Cr.)

Sbi Esg Exclusionary Strategy Fund

7.6%

0.91

Nalanda India Equity Fund Limited

5.13%

0.61

Public Shareholders (above 1%) Sep 25

Shareholders

in %

Total Shares(Cr.)

Kotak Mahindra Trustee Co Ltd A/c Kotak Manufactur

2.5%

0.3

Kotak Funds - India Midcap Fund

1.4%

0.17

Shareholding Compare (%holding)

Sep 25

Jun 25

Change(%)

Promoters

61.98

FIIs

13.44

16.02

-2.58

Mutual Funds

12.56

10.71

1.85

Insurance Companies

1.33

1.03

0.3

Other DIIs

0.06

Non Institution

10.62

10.25

0.37

Promoter holding 61.98%

in Sep 2025

Figures in Cr

No change in Promoter holdings

No change in Promoter pledged shares

FIIs Holdings 13.44%

in Sep 2025

Figures in Cr

FII holding has decreased by -2.58%

Number of FIIs holding stake in the company has decreased to 241 from 498

MF Holdings 12.56%

in Sep 2025

Figures in Cr

MF holding has increased by 1.85%

Number of MFs holding stake in the company has increased to 27 from 26

Insurance Holdings 1.33%

in Sep 2025

Figures in Cr

Holdings of Insurance companies has increased by 0.3%

Number of Insurance companies holding stake in the company has remained stable at 11

Other DII Holdings 0.06%

in Sep 2025

Figures in Cr

Other DII holding has increased by 0.06%

Number of Other DIIs holding stake in the company has increased to 8 from 6

NIIs Holdings 10.62%

in Sep 2025

Figures in Cr

Holdings of Non Institutional Shareholders has increased by 0.37%

Number of Non Institutional Shareholders holding stake in the company has increased to 70917 from 62441