Analysts/Institutional Investor Meet/Con. Call Updates

Bosch Limited Post Box No:3000 Corporate Relationship Department The Manager Hosur Road, Adugodi BSE Limited Listing Department Bangalore-560030 1st Floor, New Trading Ring National Stock Exchange of India Ltd. Karnataka, India Tel +91 9262106162 Rotunda Building Exchange Plaza, C-1, Block G www.bosch.in Phiroze Jeejeebhoy Towers Bandra-Kurla Complex CIN: L85110KA1951PLC000761 Dalal Street, Fort Bandra (E) Secretarial.corp@in.bosch.com Mumbai – 400 001 Mumbai – 400 051 Scrip code:500530 Symbol: BOSCHLTD November 11, 2026 Dear Sir/Madam, Sub: Compliance under Regulation 30 and 46(2)(oa) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) regulations, 2015 - Disclosure of Transcript of the Investors’ Concall Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith the transcript of the investors’ call with Investors/Analysts held on November 6, 2026. This is for your Information and records. Yours faithfully, For Bosch Limited, V Srinivasan Company Secretary & Compliance Officer Encl:A/a Registered Office: Bosch Limited, Hosur Road, Bangalore-560030, Karnataka, India Managing Director: Guruprasad Mudlapur, Joint Managing Director: Sandeep Nelamangala “Bosch Limited 2Q FY '26-'27 Post Results Conference Call” November 06, 2026 MANAGEMENT: MR. GURUPRASAD MUDLAPUR – MANAGING DIRECTOR AND CHIEF TECHNOLOGY OFFICER – BOSCH LIMITED MR. OSLEN TILLMAN – CHIEF FINANCIAL OFFICER – BOSCH LIMITED MODERATOR: MR. ANNAMALAI JAYARAJ – 360 ONE CAPITAL MARKET Page 1 of 16 Bosch Limited November 06, 2026 Annamalai Jayaraj: Good day and welcome to Bosch Limited 2Q FY 2026-'27 Post-Result Conference Call hosted by 360 ONE Capital Market Research. From Bosch management, we have with us today, Mr. Guruprasad Mudlapur, Managing Director, Mr. Oslen Tillmann, Chief Financial Officer. At this point, all participants' lines will be in the listen-only mode and there'll be an opportunity to ask questions after the management presentation and opening remarks. Over to you, sir. Guruprasad Mudlapur: Thank you, Annamalai. Good afternoon, everyone, and welcome to our 2Q FY27 earnings conference call. We begin today's update with an outlook at the macroeconomic environment and the geopolitics. While geopolitical tensions in West Asia and elevated energy prices continue to drive up domestic inflation, the RBI responded proactively in October 2026 with a 25 basis point repo rate hike to 5.50%, signaling a calibrated tightening stance. Against this backdrop, we remain nimble and resilient for the remainder of the Fiscal Year '27. We are encouraged by India's sustained economic momentum, highlighted by the RBI and IMF projecting robust GDP growth of 7.1% and 7% respectively, supported heavily by government's record INR11.1 lakhs crores infrastructure capex outlay. We remain mindful of the external risks that global conflicts and supply chain disruptions pose to the macroeconomic landscape. Nonetheless, India's structural economic pillars are expected to help navigate these challenges and support stable growth. Next slide, please. The Indian automotive industry closed Q2 FY27 on a strong note, with robust domestic demand and the start of festive season buying supporting most vehicle segments. Passenger vehicle demand remained strong in Q2 FY27, supported by low base, sustained SUV preference, and positive consumer sentiment. HCV demand remained robust, supported by healthy freight movement, infrastructure and construction activity, and replacement demand. LCV demand continued to be supported by last-mile logistics, e-commerce, FMCG, and broader goods movement activity. Stable financing conditions and sustained economic activity provided additional support to the segment. Three-wheeler demand remained strong in Q2 FY27, supported by increasing passenger mobility, last-mile connectivity, and favorable operating economics. Tractor demand was the key area of weakness towards the end of Q2. While the segment benefited earlier from GST-led affordability, below normal and uneven monsoon conditions weakened farm sentiment. The two-wheeler market recorded strong Q2 growth, supported by rural demand and festive demand. We expect flat to modest growth in Q3 FY27 relative to a high prior-year base. Next slide, please. Following Bosch Limited's acquisition of Bosch Chassis Systems India Private Limited on 1st July 2026, the consolidated financial results for Q2 FY27 incorporate the performance of this wholly owned subsidiary for the first time. Quarter-on-quarter, the mobility business has grown by 29.8% in July-September 2026 as compared to July-September 2025, driven mainly from Powertrain Solutions business, which grew on account of strong market demand and festive season momentum mainly across passenger car and commercial vehicle segments. Page 2 of 16 Bosch Limited November 06, 2026 Vehicle Motion business grew on account of buoyant growth in four-wheeler auto market. Mobility Aftermarket recorded a growth supported by robust sales in OE segment, led by diesel systems, spark plugs, and rotating machines. Growth in two-wheeler business was driven by favorable product mix and higher demand from OEMs ahead of the festive season. Consumer Goods business grew by 17.1% due to strong market demand in standard line products and accessories along with increase in e-commerce sales. The mobility business has grown by 28% in April-September 2026 as compared to April- September 2025, driven mainly from Powertrain Solutions business, which grew due to overall growth in automotive market, mainly led by passenger car segment. Vehicle Motion business grew on account of buoyant passenger car segment. Mobility Aftermarket business growth was again supported by robust growth in OE segment. Two-wheeler business growth was driven by higher two-wheeler production and increased sales of exhaust gas sensors, fuel injectors, and ABS for two-wheelers. Consumer Goods business grew strongly by 19% with increased demand for standard line products and accessories, supported by sales campaigns. Next slide, please. Quarter-on-quarter, revenue from operations in July-September 2026 stood at INR76,551 million, which grew by 28.2% over July-September 2025, mainly resulting from strong growth in product sales, as seen in the previous slide. Likewise, revenue for six months period, April- September '26, grew by 25% over April-September 2025, also resulting from strong performance in Powertrain Solutions and Vehicle Motion business segments. The EBITDA for July-September '26 was INR10,371 million, which grew by 23.2% over the same quarter of previous year. The improvement in absolute EBITDA was mainly driven by strong growth in revenue, which was partly offset by steep increase in raw material prices, mainly aluminum, and adverse forex development due to depreciation of INR versus euro. EBITDA for six months period, April-September 2026, was INR20,159 million as compared to INR16,714 million in April-September '25, which also grew by 20.6%. Here again, the increase in EBITDA was mainly on account of strong growth in revenue, which is partly offset by higher raw material prices, as explained before. The profit after tax for July-September 2026 grew by 18.5% over the same quarter of previous year. The growth in PAT is mainly due to growth in EBITDA. During July-September '26 quarter, the company decided to discontinue employee benefits towards service recognition for long-term service for managerial staff with effect from 1st Jan 2027 and, accordingly, reassessed the service award liability and has reversed the provision amounting to INR1,304 million, which is shown as an exceptional item. Profit after tax for six months ending on September '26 stood at INR16,541 million, which is reduction of 13.1% over the same period of previous year. In the previous year, the company had sold its V [Showing first 8,000 characters — download PDF for full document]