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.

Bosch Home Comfort India Limited (formerly Johnson Controls-Hitachi Air Conditioning India Limited) has announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The air conditioning manufacturer reported widened losses despite revenue growth, with operational challenges impacting profitability during the seasonally important quarter.

Financial Performance Overview

The company's financial performance for Q3 FY26 showed mixed results with revenue growth offset by increased losses:

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, the company's performance deteriorated significantly compared to the previous year:

Exceptional Items Impact

The company's results were significantly affected by exceptional items totaling ₹211.6 million for the nine-month period. Key components included:

• Labour Code Compliance: ₹168.9 million impact due to the implementation of four new Labour Codes notified by the Government of India on November 21, 2025
• Severance Payments: ₹89.7 million paid to employees under realignment and voluntary retirement schemes
• Insurance Settlement Gain: Net gain from warehouse fire incident settlement and scrap sales
• Retention Bonus: ₹65.0 million one-time expense following the global acquisition by Robert Bosch GmbH

Segment-wise Performance

The company operates through two main business segments:

Cooling Products Segment

Design and Development Services

Corporate Developments

During the reporting period, the company underwent significant corporate changes. Robert Bosch GmbH completed the acquisition of the Residential & Light Commercial HVAC business globally, including Indian operations. The company was renamed from Johnson Controls-Hitachi Air Conditioning India Limited to Bosch Home Comfort India Limited, with shareholder approval on October 18, 2025, and regulatory approval effective November 4, 2025.

Following the open offer completion on November 26, 2025, Bosch Group's shareholding increased to 82.22%, resulting in public shareholding falling below the minimum 25% requirement. The company must restore minimum public shareholding within 12 months as per SEBI regulations.

Operational Highlights

The company's balance sheet showed total assets of ₹15,568.5 million as of December 31, 2025, compared to ₹16,676.1 million in the previous year. The paid-up equity share capital remained stable at ₹271.9 million with a face value of ₹10 per share.

The air conditioning business, being seasonal in nature, typically generates major demand during the first and last quarters of each financial year, making Q3 performance particularly significant for annual results assessment.