Bosch Home Comfort India Limited has announced a key leadership appointment, elevating its Chief Financial Officer to an executive director position. The board meeting held on March 24, 2026, approved the appointment of Mr. Rishi Mehta as Executive Director-Finance & CFO, marking a significant organizational development for the air conditioning company.

Board Decision and Appointment Details

The company's board of directors approved Mr. Mehta's appointment during their meeting on March 24, 2026, which commenced at 4:30 p.m. and concluded at 5:30 p.m. The decision was made based on the recommendation of the Nomination and Remuneration Committee.

Professional Background and Expertise

Mr. Rishi Mehta brings substantial experience to his expanded role, with over 20 years in finance functions across multiple industries. He is a Chartered Accountant with a Postgraduate degree in Commerce, specializing in strategic planning, problem solving, change management, and decision making.

His industry experience spans:

• Automotive sector
• Air conditioning industry
• Information Technology sector

Career Achievements and Recognition

Mr. Mehta's professional accomplishments include several notable recognitions and successful business turnarounds. He received the Chairman's Award at JCH for team recognition and the APAC Growth Board 'Lead Award' at Delphi for individual recognition. His operational expertise is demonstrated through successful turnarounds of four companies: Flextronics, Delphi, Adient, and JCH.

Leadership Experience and Global Exposure

Throughout his career, Mr. Mehta has held leadership positions at prominent organizations including JCI Automotive (now Adient), Delphi Automotive, and Flextronics. His responsibilities included heading finance business partnerships with full P&L accountability. He has successfully managed diverse cross-cultural teams in Southeast Asia and Malaysia, bringing valuable international experience to his role.

His expertise encompasses M&A activities, integration processes, turnaround management, financial modeling, and internal controls. Additionally, he has cross-cultural exposure through onboarding brand businesses in the MEA region and stabilizing finance operations in Southeast Asia.

Corporate Governance Compliance

The appointment follows proper corporate governance protocols, with Mr. Mehta confirmed as not being related to any directors or key managerial personnel of the company. He is not debarred from holding directorial positions by SEBI or any other regulatory authority, ensuring compliance with all statutory requirements.

Bosch Home Comfort India Limited has formally announced the resignation of two directors from its Board of Directors. The company, formerly known as Johnson Controls-Hitachi Air Conditioning India Limited , communicated these changes to the stock exchanges under Regulation 30 requirements.

Director Resignations

The resignations involve two key board members who submitted their resignations in February 2026:

Both resignations became effective from the close of business hours on February 28, 2026, meaning neither director remains a member of the Board of Directors beyond that date.

Regulatory Compliance

The company has fulfilled its regulatory obligations by promptly informing both BSE Limited and the National Stock Exchange of India Limited about these board changes. The intimations were made on the respective dates when each director submitted their resignation, ensuring transparency and compliance with stock exchange requirements.

Company Background

Bosch Home Comfort India Limited operates from its registered office located at 9th Floor, Abhijeet-I, Mithakhali Six Roads, Ahmedabad, Gujarat. The company maintains its business operations in the air conditioning sector and continues to operate under the brand name Hitachi Aircon, as reflected in its website www.hitachiaircon.in .

The formal communication was signed by Company Secretary Parag Dave (ACS: 12626) on March 2, 2026, completing the necessary documentation process for these board changes.