Bosch Home Comfort India has scheduled its 41st Annual General Meeting for Tuesday, September 22, 2026. The meeting will be conducted via Video Conferencing or Other Audio Visual Means at 10:00 am.

The agenda includes ordinary business such as adopting the audited financial statements for FY26 and reappointing Mr. Rishi Mehta as a director. Special business involves approving auditor remuneration and reappointing secretarial and statutory auditors.

Director Reappointment

Mr. Rishi Mehta, Executive Director - Finance & CFO, retires by rotation and offers himself for reappointment. He has served as CFO since January 30, 2018, and was elevated to his current role on April 1, 2026. He holds no shares in the company.

Auditor Appointments

Shareholders will ratify the remuneration of M/s. Kiran J Mehta & Co. as Cost Auditors for FY27 at ₹1,70,000 plus GST and expenses. The firm will conduct the audit from April 1, 2026, to March 31, 2027.

The Board also proposes reappointing M/s. SPANJ & Associates as Secretarial Auditors for five years, from FY27 to FY31. The remuneration is fixed at ₹1,50,000 plus GST and expenses.

Statutory Auditor Change

M/s. S R B C & CO LLP will be reappointed as Statutory Auditors until the conclusion of the AGM in 2030. This follows the resignation of Price Waterhouse & Co., which tendered its resignation on July 24, 2025, creating a casual vacancy filled by S R B C & CO LLP pending this approval.

Voting Details

Remote e-voting begins on September 19, 2026, at 9:00 am and ends on September 21, 2026, at 5:00 pm. The record date for voting eligibility is September 15, 2026. Shareholders can vote via NSDL, CDSL, or InstaVote platforms.

Bosch Home Comfort reported a net profit of ₹227.9 million for the quarter ended June 30, 2026, marking a 49% increase from ₹152.5 million in the corresponding period of the prior year. The company's revenue from operations rose 28.5% year-on-year to ₹10,955.2 million, driven primarily by strong performance in its core cooling products business. EBITDA for the quarter stood at ₹409 million compared to ₹364 million in the same period last year, while EBITDA margin contracted to 3.73% from 4.27% year-on-year. This result follows a challenging prior fiscal year where the company posted a net loss of ₹28.6 million, signaling a return to profitability in the current fiscal year.

The Board of Directors approved the unaudited financial results on August 6, 2026, in compliance with Regulation 33(3) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The statutory auditors, M/s. S R B C & CO LLP, issued a limited review report on the results. Additionally, the Board approved the re-appointment of S R B C & CO LLP as Statutory Auditors for a term of four years, subject to shareholder approval at the Annual General Meeting (AGM) scheduled for September 22, 2026. The company also re-appointed M/s SPANJ & Associates as Secretarial Auditors for five years starting April 1, 2026.

Financial Performance

Revenue from operations stood at ₹10,955.2 million in Q1FY27, compared to ₹8,526.3 million in Q1FY26. Other income increased to ₹58.1 million from ₹53.0 million in the prior year period. Total income for the quarter was ₹11,013.3 million. Total expenses were ₹10,696.4 million, including cost of materials consumed at ₹5,803.2 million and employee benefits expense of ₹634.2 million. Profit before tax was ₹316.9 million, with total tax expenses amounting to ₹89.0 million. The table below summarises the key financial metrics for the quarter:

Segment Analysis

The Cooling Products segment contributed ₹10,747.7 million to segment revenue, up from ₹8,375.9 million in Q1FY26. Earnings before interest and tax (EBIT) for this segment was ₹301.8 million, compared to ₹235.9 million in the previous year. The Design and Development Services segment generated ₹315.0 million in revenue with an EBIT of ₹34.6 million. Inter-segment revenue was ₹107.5 million.

What the Numbers Show

The significant improvement in net profit is largely operational, as there were no exceptional items impacting the current quarter's bottom line, unlike the prior year which included severance pay expenses. The company noted that the air conditioning business is seasonal, with major demand generated in the first and last quarters of the financial year. Furthermore, the company achieved minimum public shareholding requirements following the sale of shares by Bosch Global Software Technologies Private Limited, reducing promoter holding from 82.22% to 74.52%.