Outcome of Board Meeting

Home Comfort Bosch Home Comfort India BSE Limited, Limited 25th Floor, Phiroze Jeejeebhoy Towers, (Formerly known as Johnson Dalal Street, Mumbai: 400 001 Controls-Hitachi Air Condition- ing India Limited) National Stock Exchange of India Limited Regd. Office: 9th Floor, Abhijeet-I, Mithakhali Six Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Roads, Ahmedabad – 380006, Bandra-Kurla Complex, Gujarat, India Bandra(E), Mumbai: 400051 CIN: L29300GJ1984PLC007470 Regd. Office Phone: 2nd November, 2026 +91-79-26402024 E-Mail: hitachi@bosch- hcgroup.com Sub: Outcome of Board Meeting held on 2nd November, 2026 www.hitachiaircon.in Dear Sir / Madam, Following are the outcomes of the Board meeting held on 2nd November, 2026: 1. In compliance with Regulation 33(3) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we attach herewith Unaudited Financial Re- sults for the quarter ended 30th September, 2026 along with Limited review report issued by Auditors of the Company. 2. Board approved Postal Ballot Notice for e-voting by Shareholders of the Com- pany. Evoting period will start from 19th November, 2026 and end with 18th De- cember, 2026. (Board Meeting commenced at 12.00 noon and concluded at 4.30 p.m.). Thanking you, Yours faithfully, For Bosch Home Comfort India Limited (Formerly known as Johnson Controls-Hitachi Air Conditioning India Limited) Parag Dave Company Secretary and Compliance Officer ACS: 12626 BOSCH and the symbol are registered trademarks of Robert Bosch GmbH, Germany. Hitachi Cooling & Heating products are manufactured and sold by Bosch Home Comfort Group. Bosch Home Comfort India Limited (Formerly known as Johnson Controls-Hitachi Air Conditioning India limited} Regd. Office: 9th Floor, Abhijeet, Mithakhali Six Roads, Ahmedabad: 380 006 CIN: L29300GJ1984PLC007470 Tel:+ 917926402024, E-mail: hitachi@bosch-hcgroup.com, Website: www.hitachiaircon.in STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 Rs. in million Sr. Particulars Quarter Ended Quarter Ended Quarter Ended Half Year Half Year Year Ended No. 30/09/2026 30/06/2026 30/09/2025 Ended Ended 31/03/2026 30/09/2026 30/09/2025 (Unaud~ed) (Unaudited} (Unaudited) {Unaudited) (Unaudited) (Audited) Income (a) Revenue from operations 4,711.2 10,955.2 4,051.4 15,666.4 12,577.7 26,986.9 (b) Other income 6.5 58.1 111.7 64.6 164.7 194.4 Total Income (a to b) 4,717.7 11,013.3 4,163.1 15,731.0 12,742.4 27,181.3 2 Expenses (a) Cost of materials consumed 3,056.6 5,803.2 1,617.9 8,859.8 5,028.7 15,184.3 (b) Purchase of Stock-in-trade 512.2 1,570.2 647.3 2,082.4 1,726.5 3,485.1 (c) Changes in inventories of finished goods, stock-in-trade and (285.1) 543.9 574.8 258.8 2,148.9 (73.7) work-in-progress (d) Employee benefit expenses 606.8 634.2 534.5 1,241.0 1.078.1 2,250.8 (e) Finance costs 29.6 19.5 26.9 49.1 43.0 109.8 ID Depreciation and amortisation expense 129.7 131.0 153.8 260.7 310.1 575.6 (g) Other expenses 1,213.5 1,994.4 1,034.3 3,207.9 2,588.6 5,465.5 Total expenses (a tog) 5,263.3 10,696.4 4,589.5 15,959.7 12,923.9 26,997.4 3 (Loss)/ Profit before exceptional Items and tax (1-2) (545.6) 316.9 (426.4) (228.7) (181.5) 183.9 4 Exceptional Items (net) (Refer note 3) 99.7 132.7 183.5 5 (Loss) / Profit before tax (3-4) (545.6) 316.9 (526.1) (228.7) (314.2) 0.4 6 Tax Expenses (a) Current tax (net) (Refer note 4) 9.0 8.9 5.0 17.9 11.1 26.9 (b) Deferred tax (credit)/charge (138.0) 80.1 (131.5) (57.9) (78.2) 2.1 Total (a to b) (129.0) 89.0 (126.5) (40.0) (67.1) 29.0 7 (Loss)/ Profit for the period / year (5-6) (416.6) 227.9 (399.6) (188.7) (247.1) (28.6) 8 Items that will not be reclassified to profit and loss (a) Remeasurement of post employment benefit obligations - gain/(loss) 8.1 (3.1) 5.3 5.0 (3.6) 14.1 (b) Income tax relating to remeasurement of post employment benefit obligations (2.0) 0.8 (1.3) (1.2) 0.9 (3.5) Other comprehensive income/ (expense) (net of tax) 6.1 (2.3) 4.0 3.8 (2.7) 10.6 9 Total comprehensive (expenses)/ Income for the period / year (7+8) (410.5) 225.6 (395.6) (184.9) (249.8) (18.0) 10 Paid-up Equity Share Capital 271.9 271.9 271.9 271.9 271.9 271.9 (Face value Rs.10 per share) 11 Other Equity 4,733.2 12 Earnings per share (Not annualized for quarters) Earnings per share -Basic and Diluted {in Rs.) (15.3) 8.4 (14.7) (6.9) (9.1) (1.1) Nominal value ere ui share of Rs.10 each Place: Kadi, Gujarat Date: November 02, 2026 Notes to financial results: The above statement of unaudited financial results for the quarter and half year ended September 30, 2026 ('the Statement') of Bosch Home Comfort India Limited (formerly known as Johnson Controls-Hitachi Air Conditioning India Limited) ('the Company') is reviewed by the Audit Committee and thereafter approved by the Board of Directors at their respective meetings held on November 02, 2026. The unaudited financial results are prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) (Ind AS) prescribed under Section 133 of the Companies Act, 2013, other recognised accounting practices and policies to the extent applicable. 2 In accordance with Ind AS 108 -Operating Segment, the Company has identified two business segments viz., i) Cooling products for comfort and commercial use and ii) Design and development services. The segment wise information as required by Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is furnished in Annexure 1. 3 Exceptional items include: (a) During the year ended March 31, 2026, Robert Bosch GmbH completed the acquisition of the Residential & Light Commercial HVAC business of the joint venture between Johnson Controls and Hitachi Air Conditioning globally, including its Indian operations. Following this change in ownership and to ensure brand alignment, the Company has been renamed to Bosch Home Comfort India Limited. The name change was approved by the shareholders on October 18, 2025, and by the Ministry of Corporate Affairs with effect from November 4, 2025. Further, pursuant to global acquisition by Robert Bosch GmbH, the Company had recognized a one time retention bonus expense of Rs. 65.0 million to support continuity in key managerial rotes during the quarter and half year ended September 30, 2025 and year ended March 31, 2026. During the previous quarter ended June 30, 2026, Bosch Global Software Technologies Private Limited had sold 20,92,440 Equity Shares of the Company (representing 7.70% of the Paid-up Equity Share Capital of the Company) through offer for sale via stock exchange mechanism to achieve minimum public shareholding (MPS) requirements. Post successful completion of Offer for Sale, the Promoter Shareholding had reduced from 82.22% to 74.52% of the Paid-up Equity Share Capital of the Company and the Company achieved the MPS requirements, as mandated under rule 19A of the Securities Contracts (Regulations) Rules, 1957 and Regulation 38 of the SEBI (LODR) Regulations, 2015. (b) On November 21, 2025, the Government of India notified four Labour Codes effective immediately replacing the existing 29 labour laws. The Company during the year ended March 31, 2026 had assessed and disclosed the impact of changes in labour laws amounting to Rs. 140.8 million on the basis of information available as an exceptional item consistent with the guidelines provided by Institute of Chartered Accountant of India. (c) Expenses pertaining to Severance pay amounting to Rs. 26.1 million, Rs. 59.1 million and Rs. 89.7 million for the quarter ended September 30, 2025, half year ended September 30, 2025 and for the year ended March 31, 2026 respectively paid to employees/workers pursuant to realignmenUreorganisation/voluntary retirement scheme. (d) On June 24, 2025, a fire incident occurred at one of the Company's warehouses, resulting in an estimated inventory loss of Rs. 311.0 million and a reversal of GST input tax credit amounting to Rs. 95.7 million. Duri [Showing first 8,000 characters — download PDF for full document]