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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 Rotunda Building Exchange Plaza, C-1, Block G Tel +91 9262105247 Phiroze Jeejeebhoy Towers Bandra-Kurla Complex www.bosch.in Dalal Street, Fort Bandra (E) L85110KA1951PLC000761 Mumbai – 400 001 Mumbai – 400 051 Secretarial.corp@in.bosch.com Symbol: BOSCHLTD Scrip code:500530 11.08.2026 Dear Sir/Madam, Sub: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Chairman's Speech at the 74th Annual General Meeting of the Company. We are enclosing herewith a copy of Chairman's speech as delivered at the 74th Annual General Meeting of the Company held today, August 11, 2026, at the Trinity Hall, Taj MG Road, 41/3, Mahatma Gandhi Road Bengaluru - 560 001, Karnataka. Kindly take the same on record. Thanking you, Yours Sincerely, 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 74th Annual General Meeting Chairman’s Speech 11.08.2026 | Bengaluru Namaskara … Good morning, ladies and gentlemen, I have great pleasure in welcoming you all to the Seventy-Fourth (74th) Annual General Meeting of your Company. On behalf of the Bosch Limited Board of Directors, I thank you for the unstinting support you have given to the Company and appreciate the time you have taken out to join us today. I also hope the notice convening the meeting, the Directors’ Report, and the Audited Financial Statements for the year FY 2025-26 reached you on time. Let me introduce our new Independent Director, Mr. Ramesh Ramadurai, who has joined the Board w.e.f. May 21st, 2026. Ramesh is a transformational growth leader with over three decades of experience at 3M, bringing a uniquely global and cross-cultural perspective to leadership. On behalf of entire Board, I heartfully welcome Mr. Ramesh and wish him all success. Bosch India has benefited significantly from the counsel and leadership of Dr. Pawan Goenka in his role as Independent Director and Mrs. Karin Gilges during her tenure as Chief Financial Officer. We place on record our deep appreciation for their contributions. At the same time, we are pleased to welcome Mr. Tillmann Olsen as the incoming Chief Financial Officer and look forward to his stewardship. Before I dwell into the performance of your Company for the last financial year, let me give you the Macro economic picture. Global Economy Global economy in 2025 was characterized by resilient growth, ending up at 3.4% with uneven performance across United States (2.1%) & Europe (1.4%) and emerging and developing economies namely China (5.0%) & India (7.6%) leading the growth. While inflation declined in many nations, high geopolitical tensions, trade protectionism, and tariffs and elevated interest rates marked the year. Average global inflation for 2025 was 4.1%. Global trade with the US witnessed some front-loading of imports in H1 of 2025 with uneven tariffs for different countries, affecting trade in the later months. Since then, the tariffs have been rolled back due to US Supreme Court rulings. The Middle East crisis remains a key source of uncertainty for the global economy, with the ongoing conflict posing risks to growth and inflation. While the cessation of hostilities in the Middle East has provided a temporary reprieve to the global economy, with oil prices stabilizing, one needs to wait and watch if the peace deal would last for a longer period. Assuming that the impact of the Middle East conflict will be limited in duration, global growth is projected to moderate to 3.1% in 2026 and 3.2% in 2027. U.S. is expected to grow by 2.3%, Europe by 1.1%, and key developing economies, namely China & India, are expected to grow by 4.4% and 6.5% respectively. Global headline inflation is projected to rise moderately to 4.4% in 2026. Foreign exchange volatility is expected to persist, especially in emerging markets which are sensitive to capital inflows and high oil imports. However, global activity could improve if geopolitical and trade tensions ease on a sustained basis. Indian Economy India remained the bright spot clocking high growth (7.3% GDP) in FY 2025-26, supported by strong domestic consumption with tax & fiscal supports by government. The growth was primarily driven by services sector which grew by 9.1%, while Industry grew by a modest 6.2%. Growth in Agriculture was around 3.1%. Though gross Foreign Direct Investments (FDI) rose by 17% in FY 2025-26 vs previous year, the net FDI was weak due to significant repartition of money by foreign companies. This has led to wider trade deficits and a weaker rupee with INR depreciating by 10.3% against USD. GDP for FY 2026-27 is expected to grow by 6.5% (less than previous year), affected by headwinds from geo-political impact, higher inflation due to base effect & elevated commodity prices and weak monsoon forecast. On the fiscal side, last year’s GST and income tax support aided growth. However, geopolitical risks and inflation pressures could moderate consumption momentum in FY 2026-27. Manufacturing growth outlook is closely tied to global demand, with exports exposed to trade dynamics and external slowdown risks. Depreciation pressure on the Rupee is expected to continue, driven by persistent capital outflows, higher oil prices, and global uncertainty. Now I come to the performance of the Indian automotive industry in the last financial year. Indian Automotive Industry FY 2025-26 was a year of contrasting halves. Apr–Aug remained muted amid consumer caution and geopolitical tensions; Sep–Mar saw a decisive upshift as GST 2.0 improved affordability, lifted sentiment, and triggered broad-based sales momentum. The recovery was driven by GST rate cuts, a favorable monsoon, boosting rural demand, and supportive macroeconomic measures including repo rate reductions and income tax relief, which improved affordability and boosted consumer confidence. As a result, overall, 4-Wheeler vehicle production reached a record level of 9.3 million vehicles which rose by 12.2% Y-on-Y, with the industry overcoming early volatility to exit the fiscal on a strong footing compared to FY 2024-25. Segment wise performance: Let us now look at how each of the segments within the automotive industry have performed in the last financial year. • Passenger car (PC) vehicle production reached an all-time high of 5.6 million units in FY 2025-26 with a growth of 10.2% Y-o-Y, marking a shift from steady to robust growth, driven by strong consumer demand and supportive macroeconomic conditions. Electrification also gained strong momentum in the segment, aided by expanding charging infrastructure and a broader portfolio of feature-rich models across price points. • Commercial Vehicle (CV) production saw strong growth driven by sustained infrastructure investment and e-commerce demand. Heavy Commercial Vehicle (HCV) segment delivered strong 15.8% Y-on-Y growth, returning to its FY 2018-19 peak, supported by sustained infrastructure-led demand and robust freight activity. Production of Light Commercial Vehicle (LCV) also grew by 10.5% Y-on-Y, surpassing its FY 2023-24 peak, led by festive demand supporting freight and last-mile connectivity. • The tractor segment emerged as a standout performer in FY 2025-26, registering robust 21.8% Y-on-Y growth by reaching 1.24 million tractors, the highest ever so far in a year. Favorable monsoon conditions played a pivotal role, which significantly boosted farm income and rural sentiment. • The 2-wheeler (2W) segment recorded a robust 11.2% Y-on-Y growth in FY 2025-26, surpassing its FY 2018-19 peak. Growth was supported by improved rural cash flow [Showing first 8,000 characters — download PDF for full document]