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Management Change20 May 2026, 06:21 pm

Bosch: Ramesh Ramadurai Appointed Non-Exec Director

AI Summary

Bosch Ltd's board meeting on May 20, 2026, approved the audited financial results for FY26 and recommended a final dividend of ₹270 per share. The board also approved the appointment of Mr. Ramesh Ramadurai as an Additional and Non-Executive Independent Director for a 5-year term starting May 21, 2026, subject to shareholder approval. Dr. Pawan Kumar Goenka's tenure as an Independent Director concluded on May 20, 2026. Additionally, the board approved a joint venture with Wheels India Limited and Brakes India Private Limited for commercial vehicle air system solutions and the strike-off of Robert Bosch India Manufacturing and Technology Pvt ltd.

Key Highlights

  • Final dividend of ₹270 per share recommended for FY26, subject to shareholder approval.
  • Ramesh Ramadurai appointed as Non-Executive Independent Director effective May 21, 2026.
  • Dr. Pawan Kumar Goenka's tenure as Independent Director concluded on May 20, 2026.
  • Joint Venture approved with Wheels India Limited and Brakes India Private Limited.
  • Strike-off of Robert Bosch India Manufacturing and Technology Pvt ltd approved.