Johnson Controls - Hitachi Air Conditioning India Limited has informed the Exchange regarding Notice of Postal Ballot
BOSCH-HCIL · price
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Awaiting price reaction for this filing.
The company is seeking shareholder approval via postal ballot (e-voting from 18 Sep to 17 Oct 2025) for two key items. First, a Special Resolution to change the company's name from 'Johnson Controls-Hitachi Air Conditioning India Limited' to 'Bosch Home Comfort India Limited', following the completion of Bosch GmbH's acquisition of the Johnson Controls-Hitachi joint venture on 1 August 2025. Second, an Ordinary Resolution to appoint M/s. S R B C & Co LLP as new Statutory Auditors in place of M/s. Price Waterhouse & Co, who resigned due to a conflict of interest after other PwC network firms provide non-audit services to the acquirer (Bosch). SRBC will serve until the next AGM in 2026. The revised notice was re-submitted on 30 September 2025 to include the Practicing Chartered Accountant's certificate that was missed in the original 17 September filing.
This is a corporate rebranding and routine auditor change with no impact on the company's financial position, operations, or shareholder rights. The name change reflects the new Bosch ownership and may improve brand alignment with the parent group. Shareholders should vote on the postal ballot before 17 October 2025 if they wish to participate.