Shareholders of Bosch Limited have approved both resolutions put to vote through a postal ballot remote e-voting process, which concluded on Friday, May 08, 2026. The company, headquartered at Hosur Road, Adugodi, Bangalore, conducted the exercise in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The voting results, along with the Scrutinizer's Report, were submitted to the stock exchanges on May 11, 2026, and uploaded on the company's website at www.bosch.in .

Postal Ballot Process Overview

The postal ballot notice was dispatched on April 08, 2026, to members holding shares as on the cut-off date of Friday, April 03, 2026. The remote e-voting period commenced on Thursday, April 9, 2026 (9.00 a.m. IST) and ended on Friday, May 8, 2026 (5.00 p.m. IST), both days inclusive, using the e-voting platform of CDSL. The total number of shareholders on the record date stood at 69,095. Prasanna Bedi, Practicing Company Secretary (Membership No. 11711, COP: 17457) of Bedi & Co, was appointed as Scrutinizer at the Board meeting held on April 08, 2026, and issued the scrutinizer's report to the company on May 11, 2026.

Resolution 1: Material Related Party Transaction

The first resolution — an ordinary resolution — sought shareholder approval for a material related party transaction involving investment in the equity share capital of Bosch Chassis Systems India Private Limited (Target Company). Notably, the promoter and promoter group, which held 20,805,224 shares, did not participate in voting on this resolution, as they were classified as interested parties. The resolution was passed with an overwhelming majority, with 99.9943% of valid votes cast in favour.

The detailed voting outcome for Resolution 1 is as follows:

The category-wise breakdown of votes polled for Resolution 1 is presented below:

The scrutinizer's report further detailed the assent and dissent breakdown:

Resolution 2: Preferential Issue of Equity Shares to Promoter Group

The second resolution — a special resolution — sought approval for the issue of 1,230 equity shares each on a preferential basis for consideration other than cash to Robert Bosch Investment Nederland B.V (RBNI), Netherlands and Robert Bosch LLC, USA, both entities forming part of the Promoter Group, along with approval of the terms thereof. The promoter and promoter group participated fully in this resolution, casting all 20,805,224 votes in favour. The resolution was passed with 99.9982% of valid votes in favour.

The detailed voting outcome for Resolution 2 is as follows:

The category-wise breakdown of votes polled for Resolution 2 is presented below:

The scrutinizer's report detailed the assent and dissent breakdown for Resolution 2:

Scrutinizer's Confirmation

Scrutinizer Prasanna Bedi confirmed that the remote e-voting process was conducted in a fair and transparent manner. The votes were unblocked on May 08, 2026, in the presence of two witnesses not employed by the company. The e-voting data was downloaded from the e-voting website, scrutinized, and the list of members who voted electronically was matched with the register of members/beneficial owners maintained by the depositories. No invalid votes were reported across any category for either resolution. The electronic data and relevant records relating to remote e-voting are under the scrutinizer's custody and will be handed over to the Company Secretary/Authorized Director of Bosch Limited for safe preservation. The voting results were communicated to the exchanges by V. Srinivasan, Company Secretary & Compliance Officer, on May 11, 2026.

Bosch Limited has announced a major strategic acquisition of Bosch Chassis Systems India Private Limited (RBIC) for ₹9,068.70 crores, significantly expanding its mobility solutions portfolio. The transaction represents a pivotal move to consolidate safety and braking systems under the listed entity, creating a comprehensive mobility technology platform.

Strategic Acquisition Overview

RBIC operates as a Tier 1 supplier specializing in safety and braking systems for both two-wheeler and four-wheeler OEMs. The company has established itself as the market leader in India's automotive safety segment, with three state-of-the-art manufacturing facilities located in key automotive hubs of Chakan, Manesar, and Sanand.

Financial Performance and Impact

RBIC has demonstrated strong financial performance with significant margin expansion over recent years. In FY25, the company recorded revenue of ₹4,000 crores with EBITDA margins of 19.30%. The nine-month performance in FY26 showed continued momentum with revenue of ₹3,500 crores.

The acquisition will be immediately accretive to Bosch Limited's financial profile, with expected pro forma EPS accretion of approximately 5% based on FY25 numbers. On a consolidated basis, the transaction will increase revenue from operations by 22% from ₹18,000 crores to ₹22,000 crores.

Product Portfolio and Market Position

RBIC's comprehensive product suite includes Anti-lock Braking Systems (ABS), Electronic Stability Program (ESP), occupant safety systems, sensors, and next-generation braking solutions for electric vehicles. The portfolio is notably powertrain agnostic, providing flexibility as OEMs transition between ICE and EV platforms.

The company serves major automotive manufacturers including:

• Tata Motors
• Maruti Suzuki
• Toyota
• Bajaj Auto

Revenue composition shows approximately one-third contribution from two-wheelers, with the remaining two-thirds from passenger and commercial vehicles.

Growth Drivers and Market Opportunities

The safety and braking systems market benefits from multiple structural tailwinds. Regulatory mandates for ABS, ESP, and airbag systems provide sustainable demand catalysts. The implementation of Bharat New Car Assessment Program and evolving safety norms create additional growth opportunities.

Management highlighted several potential expansion areas:

• Two-wheeler ABS mandate extension to sub-125cc categories
• Commercial vehicle ADAS regulations for vehicles above 5 tonnes
• Increasing EV penetration driving demand for new braking systems
• Premium vehicle segment growth increasing safety feature adoption

Deal Structure and Timeline

The transaction involves predominantly cash consideration of approximately ₹9,060 crores, with a small preferential allotment of 2,460 equity shares valued at ₹8.80 crores to Robert Bosch Netherlands and Robert Bosch US. This structure maintains the parent company's "skin in the game" philosophy while ensuring fast closure.

Manufacturing and Operational Excellence

RBIC's operational strength stems from its localized manufacturing approach and quality standards required for safety-critical products. The company has achieved significant localization levels exceeding 90% for established products, with newer products following a phased localization strategy.

The management emphasized the modular production setup and ability to leverage Bosch's international production network for capacity expansion. This includes relocating idle production lines from global facilities, providing cost advantages and faster ramp-up capabilities.

Strategic Rationale and Future Outlook

The acquisition aligns with Bosch Limited's strategy to build a comprehensive mobility solutions company. By integrating RBIC's vehicle motion portfolio with existing powertrain capabilities, the combined entity will offer enhanced scalable solutions across all vehicle segments.

Management expressed confidence in maintaining stable margins over the next five years, supported by a robust order book extending through 2031. The company's market leadership position, combined with continuous technology upgrades and legislative support, provides a strong foundation for sustained growth in India's evolving automotive landscape.