Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 - Completion of tenure of Independent Director (Dr. Pawan Kumar Goenka)
BOSCHLTD · price
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Bosch Limited's Board meeting on May 20, 2026 addressed multiple items. Dr. Pawan Kumar Goenka completed his 5-year tenure as Independent Director (from May 21, 2021 to May 20, 2026), and Mr. Ramesh Ramadurai (former Managing Director of 3M India) was appointed as Additional Non-Executive Independent Director for 5 years. The company approved audited standalone financial results for FY2025-26 showing revenue from operations of Rs 200,347 million (up 10.8% YoY) and net profit of Rs 27,703 million (up 37.5% YoY). EPS stands at Rs 939.28 vs Rs 682.62. The Board recommended final dividend of Rs 270 per share (vs Rs 512 last year). Additionally, Bosch approved a 50:50 joint venture with Wheels India and Brakes India for commercial vehicle air systems, acquisition of Bosch Chassis Systems India for up to Rs 90,687 million, and strike-off of non-material subsidiary RBIM.
Strong financial performance with near 38% profit growth and board continuity maintained through smooth transition at independent director level. The strategic JV and acquisition signal growth focus in mobility segment while dividend reduction reflects capital allocation priorities.