Bosch Home Comfort India Ltd

Meeting Details

• Date: 2 November 2026; time and venue not disclosed.

Key Agenda Items

• Consider unaudited financial results for quarter ended 30 September 2026.

Other Notes

Independent Director changes

• Cessation of Shalini Kamath as Independent Director effective 30-09-2026 on completion of her term.
• Appointment of Sangeetha Chhajed as Independent Director effective 01-10-2026 for five years until 30-09-2031.
• Sangeetha is a Chartered Accountant with CFA and Gold Medal recipient.
• Currently VP - Client Relationship at Sutherland Global; over 20 years in governance and finance.
• Not related to other Directors or KMP; not debarred by SEBI or authorities.

AGM resolutions

• AGM held on 22 September 2026 via OAVM.
• Re-appointed SPANJ & Associates as Secretarial Auditor for five years (2026-27 to 2030-31).
• Re-appointed S R B C & CO LLP as Statutory Auditors from AGM 2026 to AGM 2030.

AGM Details and Resolutions

• AGM held on 22 September 2026 at 10:00 AM through OAVM and concluded at 11:30 AM.
• Ordinary: adoption of Audited Balance Sheet, P&L, and reports of Directors and Auditors.
• Ordinary: re-appointment of Mr. Rishi Mehta, who retires by rotation.
• Ordinary: ratify remuneration of Rs. 1.70 Lacs to Cost Auditors for 2026-27.
• Ordinary: re-appoint M/s. SPANJ & Associates as Secretarial Auditor for 2026-27 to 2030-31.
• Ordinary: re-appoint M/s. S R B C & CO LLP as Statutory Auditors from AGM to 2030.
• E-voting: Tejal Shah & Associates appointed as Scrutinizer; results to be posted within 48 hours.
• Outcome of resolutions not disclosed in the excerpt.
• Dividend: No dividend proposal or declaration mentioned.

AGM details

• AGM date/time: 22 September 2026 at 10:00 a.m. via VC/OAVM.
• Record date for e-voting: 15 September 2026.
• E-voting period: 19–21 September 2026.
• Remote e-voting and InstaMeet to be conducted as specified.

Key resolutions

• Ordinary: adopt audited financial statements for year ended 31 March 2026.
• Ordinary: re-appoint director Rishi Mehta retiring by rotation.
• Ordinary: approve Cost Auditor remuneration for 2026-27 of Rs 1,70,000 plus GST.
• Ordinary: re-appoint Secretarial Auditor SPANJ & Associates for 2026-31 at Rs 1,50,000 plus GST.
• Ordinary: re-appoint Statutory Auditors SRBC & CO LLP for 2026-30 with board-determined remuneration.

Director changes

• Director: Rishi Mehta to retire by rotation and seek re-appointment.
• CFO since 2018; Executive Director - Finance & CFO since 1 Apr 2026.

Auditor appointments

• Cost Auditor remuneration: Rs 1,70,000 plus GST; 2026-27.
• Secretarial Auditor remuneration: Rs 1,50,000 plus GST; 2026-31.
• Statutory Auditor: SRBC & CO LLP; 2026-30; remuneration to be set by Board.

Financial highlights

• Revenue from operations Rs 26,986.9m; down from Rs 27,564.6m prior year.
• Total income Rs 27,181.3m; net loss Rs 28.6m after tax.
• PBDIT Rs 869.3m before finance, depreciation, exceptional items, tax.
• Interim dividend Rs 36 per share; no final dividend.
• EPS Rs (1.1); year ended 31 March 2026.
• Acquisition completed Aug 1, 2025; JCH Hitachi HVAC; renamed Bosch Home Comfort India.
• Promoter stake post open offer: 82.22%; restore public holding to 25%.
• Total employees 1,204; manufacturing at Kadi; energy efficiency initiatives.
• Renewable energy contributed about 31% of energy needs in facility.

Acquisitions & governance changes

• Nobuyuki Tao and Yoshikazu Ishihara resigned on 28 February 2026.
• Sanjay Sudhakaran appointed MD; CFO Rishi Mehta effective 1 April 2026.
• Marcel Heese appointed Director effective 19 May 2026.
• Statutory Auditor: SRBC & Co LLP appointed till 2030.
• Secretarial Auditor: SPANJ & Associates reappointed for 5 years.
• Board meetings held: 8 during the year.

Capital structure & liquidity

• Borrowings Rs 600.2m; Lease liabilities Rs 216.6m.
• Total equity Rs 5,005.1m; Total assets Rs 19,154.5m.
• Promoter stake rose to 82.22% after open offer; public shareholding below 25%.
• Unutilised credit facilities Rs 4,764.8m; no covenants.
• Interim dividend Rs 978.9m; final dividend Rs 407.8m paid previously; total Rs 1,386.7m.
• Net cash from operations Rs 1,134.3m; cash Rs 557.3m at year end.
• Geographic revenue: India Rs 25,991.9m; outside India Rs 1,362.0m.

Operations & manufacturing

• Kadi facility; automation, localisation, AI; 31% renewable energy at facility and GDC.
• GDC in Kadi: 170 engineers, 21 testing laboratories.
• air365 Max, 1-Way inverter cassette; AHU-connectivity in PAC range.
• Automation initiatives yielded productivity gains; SCADA-enabled paint shop.
• ISO 9001:2015, ISO 14001:2015, ISO 45001:2018; BIS surveillance audit zero non-conformities.
• Over 2 million customers served via 1,500+ authorized service dealers.

CSR & sustainability

• CSR spend Rs 2.7m; carry-forward Rs 7.7m; no shortfall.
• Projects: ambulance service; sanitary napkin unit; Vadnagar heritage project.
• CSR committee chaired by MD; 2 CSR Committee meetings held.
• Beneficiaries: ~50,000 at Karannagar health center; 4,000 sanitary napkins per month.
• Energy & environment: transition to low-GWP refrigerants; renewable energy initiatives.

Governance & audit flags

• Audit: no material qualifications; internal controls in place.
• Secretarial audit: compliant; governance framework disclosed on website.
• Board committees active; Vigil mechanism in place; whistleblower policy implemented.
• Dividend distribution policy disclosed on company website.

Risks, outlook & ESG

• Geopolitical tensions in West Asia and currency volatility; regulatory changes uncertain.
• Seasonality and commodity price volatility; trading and supply chain risks.
• Outlook favorable for HVAC growth in India; focus on energy efficiency and product innovation.
• Emissions: total Scope 1+2 12,431 t CO2e; renewables about 31%; energy intensity metrics disclosed.
• Water consumption and waste management strategies under EPR/Plastic Waste rules.

Board outcomes

• Unaudited Q1 FY2026 results released; Reg 33 compliance attached.
• Limited review report of statutory auditors for Q1 2026 attached.
• Re-appoint SRBC & CO LLP as statutory auditors for 2026–2030, subject to approval.
• Re-appoint SPANJ & Associates as secretarial auditors for five years from 1 Apr 2026, subject to AGM approval.
• Annual General Meeting scheduled for 22 September 2026.

Financial highlights

• Q1 FY2026 revenue from operations Rs 10,955.2m; total income Rs 11,013.3m.
• Total expenses for the quarter were Rs 10,696.4 million.
• Profit before tax stood at Rs 316.9 million; PAT Rs 227.9 million.
• EPS (basic and diluted) reported at Rs 8.3 per share.
• Promoter shareholding reduced to 74.52% post offer-for-sale; MPS achieved.

Meeting Details

• Board meeting on 6 August 2026; time and venue not disclosed.

Key Agenda Items

• Consider and take on record unaudited quarterly results for the quarter ended 30 June 2026.

Other Notes

• No other material notes disclosed in this filing.

Meeting Details

• Board meeting scheduled for 19th May 2026

Key Agenda Items

• Consider and take on record audited financial results for year ended 31 March 2026