Bosch Limited is seeking shareholder approval for a split and bonus issue that would turn each existing share into 20 shares, alongside results showing second-quarter profit growth of 19%.
The board approved both proposals on Nov. 6. Under the plan, each ₹10 share would first be divided into five shares with a ₹2 face value each. Bosch would then issue three bonus shares for every post-split share, leaving a holder with 20 shares for each original share. The company’s filing estimates about 442.4 million bonus shares. Both proposals need approval through a postal ballot, and Bosch has not announced a record date.
For the quarter ended Sept. 30, 2026, consolidated revenue from operations reached ₹7,655 crore, up 28.2% from a year earlier. Consolidated profit after tax rose 19% to ₹840 crore, while profit before tax excluding exceptional items was ₹992 crore. Bosch also reversed a ₹130 crore service-award provision during the quarter. The results included Bosch Chassis Systems India Private Limited for the first time after its acquisition.
Bosch said the proposals are intended to widen retail shareholders’ participation in the company. It expects to complete the actions within two months of the Nov. 6 board meeting, subject to shareholder approval.
LiveMint reported that Bosch shares fell about 3% in Monday trading on Nov. 9. The report’s market figures were not consistent with other price snapshots, so the reported decline is attributed to LiveMint.
Motilal Oswal’s Nov. 7 report kept a Neutral rating and a ₹47,200 target price while cutting its FY27 earnings estimate by 6%. The brokerage cited weaker-than-expected standalone margins and margin pressure at Bosch Chassis Systems India. Motilal Oswal said Bosch management anticipated slower demand growth later in FY27, pointing to tougher year-earlier comparisons, inflation, weak monsoon conditions and tighter interest rates. The postal ballot and record date are the next steps for the proposed share actions.
