BOSCH HOME COMFORT INDIA LIMITED has informed the Exchange regarding Outcome of Board Meeting held on May 19, 2026.
BOSCH-HCIL · price
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Bosch Home Comfort India Limited (formerly Johnson Controls-Hitachi Air Conditioning India) reported FY2026 audited results with revenue from operations at Rs. 26,987 million, a marginal decline from Rs. 27,565 million in FY2025. The company posted a net loss of Rs. 28.6 million for the year compared to a profit of Rs. 588.3 million in the prior year, largely due to exceptional items including Rs. 89.7 million in severance pay, Rs. 140.8 million impact from new labour codes, partially offset by Rs. 112 million excess insurance recovery from a June 2025 warehouse fire. Auditors issued an unmodified opinion confirming clean financials. The board appointed Mr. Marcel Heese as Director effective immediately and as Chairperson from July 1, 2026, while reappointing Mr. Sanjay Sudhakaran as Managing Director for three years from July 1, 2026. Post the Robert Bosch acquisition, promoter holding stands at 82.22%.
The sharp drop in profitability despite stable revenues reflects significant one-time costs from restructuring and regulatory changes. However, the company generated strong operating cash flow of Rs. 1,134 million and received full insurance settlement. The leadership changes and clean audit opinion provide stability, though shareholders should monitor the required restoration of 25% public shareholding within 12 months.