BOSCH HOME COMFORT INDIA LIMITED has informed the Exchange regarding Notice of Postal Ballot
BOSCH-HCIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bosch Home Comfort India Limited has issued a postal ballot notice seeking shareholder approval for four key resolutions. The company proposes appointing Mr. Marcel Heese as a Director (he brings 20+ years of experience as a Strategic CFO and is nominated for CFO of APAC at Bosch). Mr. Rishi Mehta, currently serving as CFO since 2018, is being appointed as Executive Director-Finance & CFO for a term from April 2026 to September 2028 with remuneration capped at INR 30 million per annum. Additionally, Mr. Sanjay Sudhakaran is being re-appointed as Managing Director for three years (July 2026 to June 2029) with remuneration capped at INR 150 million per annum. The company's financial performance shows a sharp decline, with profit before tax dropping from INR 822.5 million in FY 2024-25 to just INR 0.4 million in FY 2025-26. Voting period runs from May 21, 2026 to June 19, 2026.
The proposed appointments formalize leadership changes at the company amid significantly declining profitability. Shareholders should note the substantial executive compensation packages proposed, especially for the Managing Director (up to INR 150 million annually), given the company's thin profit margins in FY 2025-26.