Postal Ballot Notice attached
BOSCH-HCIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bosch Home Comfort India Ltd is seeking shareholder approval via postal ballot for four key leadership changes. The company proposes to appoint Mr. Marcel Heese as Director (Ordinary Resolution) - he brings over 20 years of CFO experience across Europe, Asia and Americas, currently Commercial VP at Bosch Switzerland. Mr. Rishi Mehta, current CFO since 2018, is being appointed as Executive Director-Finance & CFO (Special Resolution) at a remuneration cap of INR 30 million per annum for tenure until September 2028. Mr. Sanjay Sudhakaran is being re-appointed as Managing Director (Special Resolution) with a remuneration cap of INR 150 million per annum for three years from July 2026. The company's financial performance shows revenue of INR 27,565 million in FY 2024-25 with PBT of INR 822.5 million, but FY 2025-26 saw dramatic decline with PBT of just INR 0.4 million due to commodity price increases, stiff competition, and regulatory costs. Robert Bosch GmbH holds 82.22% stake in the company.
These appointments and re-appointments will formalize the leadership structure at Bosch Home Comfort India as the company navigates severe profit deterioration. The significant remuneration increases for the Managing Director (from INR 97.2 million to INR 150 million cap) may face shareholder scrutiny given the company's minimal profits in FY 2025-26.