Bosch Limited has informed the Exchange regarding Cessation of Mr Pawan Kumar Goenka as Non- Executive Independent Director of the company w.e.f. May 20, 2026.
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Bosch Limited held its Board meeting on May 20, 2026, approving audited standalone financial results for FY 2025-26 showing total income of Rs. 208,890 million (up 10.5% YoY) and net profit of Rs. 27,703 million (up 37.6% YoY). The Board recommended a final dividend of Rs. 270 per share (down from Rs. 512 in previous year). Dr. Pawan Kumar Goenka concluded his 5-year tenure as Independent Director effective May 20, 2026. The Board unanimously appointed Mr. Ramesh Ramadurai (former Managing Director of 3M India) as an Additional Director and Non-Executive Independent Director for 5 years. Additional key outcomes include approval for a 50-50 Joint Venture with Wheels India and Brakes India for commercial vehicle air systems, strike-off of non-material subsidiary RBIM, and shareholder approval for 100% acquisition of Bosch Chassis Systems India Private Limited for up to Rs. 90,687 million.
The director change represents a routine board transition as Goenka completed his fixed tenure, not a resignation. The appointment of Ramesh Ramadurai brings strong industrial leadership experience to the Board. Financial results show solid growth, though dividend per share decreased significantly.