Bosch Home Comfort India Limited has reported its financial results for the year ended March 31, 2026, recording a net loss of Rs 28.6 million. This marks a significant decline from the net profit of Rs 588.3 million reported in the previous fiscal year ended March 31, 2025. The company's revenue from operations for FY26 stood at Rs 26,986.9 million, slightly lower than the Rs 27,564.6 million recorded in the prior year.

Financial Performance

The company's total income for the year decreased to Rs 27,181.3 million from Rs 27,822.0 million in FY25. Total expenses for the period amounted to Rs 26,997.4 million, compared to Rs 26,999.5 million in the previous year. Profit before exceptional items and tax for the year was Rs 183.9 million, a sharp drop from Rs 822.5 million in the corresponding period last year.

For the quarter ended March 31, 2026, the company reported a net profit of Rs 408.7 million. In the same quarter of the previous year, the net profit was Rs 560.7 million. Revenue from operations for the quarter stood at Rs 9,653.5 million, up from Rs 9,325.7 million in the quarter ended March 31, 2025.

Exceptional Items

The financial results were impacted by several exceptional items totaling Rs 183.5 million for the year. These included severance pay of Rs 89.7 million, a retention bonus expense of Rs 65.0 million, and an excess insurance claim receipt of Rs 112.0 million. Additionally, the company reversed an excess provision of Rs 28.1 million related to the Labour Codes impact following a reassessment.

Board Decisions

The Board of Directors, in its meeting held on May 19, 2026, approved the audited financial results for the year ended March 31, 2026. The board also approved a postal ballot notice for e-voting by shareholders, with the voting period scheduled to commence on May 21, 2026.

Leadership Changes

The board appointed Mr. Marcel Heese as a Director of the company effective May 19, 2026. He has also been appointed as the Chairperson of the company effective July 1, 2026. Additionally, the board re-appointed Mr. Sanjay Sudhakaran as the Managing Director for a period of three years, from July 1, 2026, to June 30, 2029.

Bosch Home Comfort India Limited has announced a postal ballot notice seeking shareholder approval for the appointment of directors and the re-appointment of its Managing Director. The company has scheduled the remote e-voting period from May 21, 2026, to June 19, 2026. The resolutions pertain to the appointment of Mr. Marcel Heese and Mr. Rishi Mehta as Directors, the appointment of Mr. Rishi Mehta as Executive Director-Finance & CFO, and the re-appointment of Mr. Sanjay Sudhakaran as Managing Director.

Appointments and Tenures

The board proposes to appoint Mr. Marcel Heese as a Director, effective from his appointment as an Additional Director on May 19, 2026. Mr. Rishi Mehta, appointed as an Additional Director effective April 1, 2026, is proposed for appointment as a Director and as Executive Director-Finance & CFO. His tenure as Executive Director-Finance & CFO is proposed from April 1, 2026, to September 30, 2028. Additionally, the company seeks approval for the re-appointment of Mr. Sanjay Sudhakaran as Managing Director for a three-year term commencing July 1, 2026, and ending June 30, 2029.

Remuneration Details

The remuneration proposed for the key managerial personnel includes specific caps and components. Mr. Rishi Mehta's remuneration as Executive Director-Finance & CFO shall not exceed INR 30.0 Million per annum, comprising base pay, variable performance pay, and other incentives. His annual base pay is proposed in the scale of INR 13.0 Million to INR 18.0 Million. Mr. Sanjay Sudhakaran's remuneration as Managing Director is proposed to be revised, not to exceed INR 150.0 Million per annum, with an annual base pay in the scale of INR 28.0 Million to INR 35.0 Million.

Voting Process and Timelines

Shareholders registered on the records of the company or depositories as of the cut-off date of May 15, 2026, are eligible to vote. The voting process will be conducted solely through remote e-voting. The e-voting period commences at 9:00 a.m. IST on May 21, 2026, and concludes at 5:00 p.m. IST on June 19, 2026. Once a vote is cast, it cannot be changed. The results of the postal ballot will be announced within two working days of the conclusion of the process.