Bosch Ltd

Meeting Details

• Board meeting scheduled for Friday, November 6, 2026.

Key Agenda Items

• Consider unaudited standalone and consolidated financial results for Q2 FY27 (quarter and half year ended Sep 30, 2026).

Other Notes

• Trading window closure from October 1, 2026 to November 8, 2026 (inclusive).

ESG rating update

• Bosch Limited received an adjusted ESG score of 71.6 (above average).
• Score provided by SES ESG Research Private Limited, SEBI-registered ESG rating provider.
• Category: Automobile and Auto components.
• Rating report dated September 18, 2026.
• Based on FY2025-26 data available in public domain.
• Publication of the disclosure dated September 21, 2026.

ESG rating update

• ESG score 73.0 indicates low-risk, good sustainability based on FY2025-26 data.
• Provider: Niche Ninety-Nine Capability and Certifications (OPC) Private Limited, SEBI-registered.
• Category: Automobile and Auto components, rating report dated September 11, 2026.
• Intimation communicated by BSE on September 17, 2026; letter dated September 18, 2026.

KMP contact details updated

• Guruprasad Mudlapur, MD; email Guruprasad.mudlapur@in.bosch.com; +91 926210-6208.
• Sandeep Nelamangala, Joint MD; nelamangala.sandeep@in.bosch.com; +91 990191-7369.
• Tillmann Olsen, CFO (effective from June 1, 2026); Tillmann.Olsen2@in.bosch.com; +91 926210-6321.
• V. Srinivasan, Company Secretary & Compliance Officer; Srinivasan.Venkataraman@in.bosch.com; +91 926210-6162.

ESG rating update

• Crisil ESG score 71.0 (up from 62) and core ESG score 72.0 (up from 61); category Leader.
• Rating provided by Crisil ESG Ratings & Analytics Ltd, SEBI-registered.
• Based on FY2025-26 data; report dated August 13, 2026.
• Category: Auto components and Equipments.

Financial Performance

• Apr-Jun '26 revenue: INR 58,419 million, up 22% YoY
• Apr-Jun '26 revenue up 5% QoQ from INR 55,657 million
• EBITDA Apr-Jun '26: INR 8,180 million, up 28% YoY
• PAT Apr-Jun '26: INR 7,018 million; up 23.4% QoQ
• Apr-Jun '25 had exceptional item; PAT without item grew 9.9%
• EBITDA margin in last 2 quarters: 14% (vs post-COVID 12-13%)
• Export revenue share around 8% currently; aim 8-8.5% over next years

Segment Trends

• Power Solutions growth outpaced broader auto market across segments
• 2-wheeler segment gained market share; premium OEMs; EV content integrated
• Mobility aftermarket highest-ever monthly sales in June
• Export share currently around 8%; plan to lift to 8–8.5%

Projects & Partnerships

• Bosch Chassis acquisition: sale completed in July; consolidation underway; next quarter numbers
• JV with TACO to produce e-axles; TSF JV for air systems; merger controls ongoing
• Investor meet at Chassis Systems (Chakan) in November

Outlook & Guidance

• Macro: RBI raised FY26-27 real GDP forecast to 6.7%
• Next quarter: expect resilient 8% growth driven by festive demand and rural cash flows
• Regulatory focus: CAFE Phase 3 and ADAS in CVs; share content separately

Q&A Highlights

• Aftermarket momentum: independent aftermarket recorded robust growth; strategy and localization cited
• Margins: 14% EBITDA margin cited; drivers include localization, volume growth, productivity, product mix
• Chassis synergy: minimal cost/revenue synergies expected; portfolio addition
• Export/contribution: current ~8% export share; plan to lift to 8–8.5%
• EVs: EVs integral; JV with TACO for e-axles; ongoing updates on orders
• Growth drivers for 3–5 years: volume growth across mobility portfolio; many new product launches

AGM Details

• AGM held on 11 Aug 2026 at 11:00 AM; physical meeting with remote e-voting.
• Record date for entitlements: 04 Aug 2026.
• Meeting duration: 11:00 AM to 1:45 PM.
• Venue: Bengaluru (Trinity Hall, Taj MG Road).

Key Resolutions & Outcomes

• Ordinary: Adoption of standalone financial statements for year ended 31 March 2026 — Passed.
• Ordinary: Adoption of consolidated financial statements for year ended 31 March 2026 — Passed.
• Ordinary: Final dividend of Rs 270 per equity share — Passed.
• Ordinary: Re-appointment of Stefan Grosch as director liable to retire by rotation — Passed.
• Ordinary: Ratification of remuneration payable to Cost Auditors — Passed.
• Ordinary: Related party transaction with Robert Bosch GmbH — Approved.
• Ordinary: Related party transaction with Bosch Automotive Electronics India Private Limited — Approved.
• Special: Appointment of Ramesh Ramadurai as Non-Executive Independent Director for five years — Passed.

Director Changes

• Re-appointment of Stefan Grosch as director liable to retire by rotation.
• Appointment of Ramesh Ramadurai as Non-Executive Independent Director for five years.

AGM Details

• AGM held on August 11, 2026 at 11:00 IST in Bengaluru (physical).
• Remote e-voting ran Aug 7–10; in-person voting at AGM available.

Key Resolutions

• Ordinary: Adoption of standalone financial statements for the year ended March 31, 2026.
• Ordinary: Adoption of audited consolidated financial statements for the year ended March 31, 2026.
• Ordinary: Declare final dividend of Rs 270 per equity share for the year ended March 31, 2026.
• Ordinary: Re-appointment of Stefan Grosch as director liable to retire by rotation.
• Ordinary: Ratification of remuneration payable to Cost Auditors.
• Ordinary: Material related party transaction with Robert Bosch GmbH.
• Ordinary: Material related party transaction with Bosch Automotive Electronics India Private Limited.
• Special: Appointment of Ramesh Ramadurai as Non-Executive Independent Director for five-year term.

Voting Results

• Ordinary resolution on standalone financial statements—passed.
• Ordinary resolution on consolidated financial statements—passed.
• Ordinary resolution on final dividend—passed.
• Ordinary resolution on re-appointment of Stefan Grosch—passed.
• Ordinary resolution on remuneration to Cost Auditors—passed.
• Ordinary resolution on related party transaction with RB GmbH—passed.
• Ordinary resolution on related party transaction with Bosch Automotive Electronics India Private Limited—passed.
• Special resolution on appointment of Ramesh Ramadurai—passed.

Dividend

• Final dividend of Rs 270 per equity share approved.

Director Changes

• Re-appointment of Stefan Grosch as director liable to retire by rotation.
• Appointment of Ramesh Ramadurai as Non-Executive Independent Director for five-year term.

Auditor Appointments

• Remuneration payable to Cost Auditors ratified.

Material Related Party Transactions

• Robert Bosch GmbH: material related party transaction approved.
• Bosch Automotive Electronics India Private Limited: material related party transaction approved.