Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 - Change in management ( Appointment of Non- executive Independent Director)
BOSCHLTD · price
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Bosch Limited held its Board meeting on May 20, 2026, approving multiple items. Dr. Pawan Kumar Goenka completed his tenure as Independent Director effective that date. The Board unanimously appointed Mr. Ramesh Ramadurai as Additional Director and Non-Executive Independent Director for 5 years starting May 21, 2026. Ramesh brings over 30 years of experience, most recently serving as Managing Director of 3M India (2019-2026). The meeting also approved audited FY 2025-26 standalone financials with net profit of Rs. 2,770 crore on revenue of Rs. 20,035 crore, and recommended a dividend of Rs. 270 per share. Additionally, the Board approved a 50:50 JV with Wheels India and Brakes India for commercial vehicle air systems, and the strike-off of non-operational subsidiary RBIM.
The appointment of a new Independent Director with strong industrial experience is a routine governance update that maintains board composition. The strong financial results and dividend recommendation are positive signals for shareholders.