Bosch proposes split and bonus to make 20 shares per share

Bosch Limited proposed on November 6, 2026 a 1:5 share split followed by a 3-for-1 bonus issue that would increase paid-up equity shares from 29,496,100 to 589,922,000, subject to shareholder approval by postal ballot and other necessary approvals. The board also proposed raising authorised capital to Rs 150 crore.

What did Bosch approve on November 6, 2026?

Bosch approved proposals to split each fully paid equity share with a face value of Rs 10 into five fully paid equity shares with a face value of Rs 2, and to issue three bonus Rs 2 equity shares for every one post-split share. The board considered these proposals at its November 6, 2026 meeting, together with an amendment to Clause V of its Memorandum of Association, or MOA.

Bosch also proposed increasing authorised share capital from Rs 38.05146 crore, divided into 38,051,460 shares of Rs 10 each, to Rs 150 crore, divided into 750,000,000 shares of Rs 2 each. The company stated that the corporate actions are intended to enable retail shareholders to partake in its future. The announcement does not disclose a record date for either the split or the bonus issue.

The split applies to Bosch’s only class of equity shares. Its Annexure A says the existing 29,496,100 issued, subscribed and paid-up shares would become 147,480,500 shares after the subdivision, while the related paid-up capital remains Rs 29.4961 crore because the face value falls from Rs 10 to Rs 2.

How will Bosch’s split and bonus change share numbers?

Bosch’s proposed split and bonus would make each existing Rs 10 share correspond to 20 Rs 2 shares after both actions. One existing share would first become five shares under the 1:5 subdivision. Each of those five post-split shares would then receive three bonus shares under the 3-for-1 bonus ratio, adding 15 shares to the original five.

The subdivision alone would increase paid-up shares fivefold, from 29,496,100 to 147,480,500, without changing the Rs 29.4961 crore paid-up capital. The bonus issue is the step that would add 442,441,500 fully paid Rs 2 shares and increase paid-up and subscribed capital to Rs 117.9844 crore.

The authorised-capital proposal is larger than the proposed post-bonus paid-up share count. Bosch’s stated authorised limit of 750,000,000 Rs 2 shares would exceed the proposed 589,922,000 paid-up shares by 160,078,000 shares after the split and bonus issue, based on the figures in its two annexures.

How will Bosch fund the proposed bonus issue?

Bosch plans to fund the 442,441,500 proposed bonus shares through retained earnings, requiring a capitalisation of Rs 88.4883 crore. The company identifies retained earnings, rather than a share-premium account, as the source for the proposed 3-for-1 bonus issue. Each bonus share would carry a Rs 2 face value and be fully paid up.

Bosch disclosed Rs 13,731.164 crore of free reserves and/or share premium available for capitalisation as of March 31, 2026. The company said this balance was audited. That disclosed amount exceeds the Rs 88.4883 crore stated as necessary for the bonus issue, although the reserve balance is measured as of March 31, 2026 and the board approval occurred on November 6, 2026.

The two actions use different capital mechanisms. The 1:5 split changes the number and face value of shares while retaining paid-up capital at Rs 29.4961 crore. The 3-for-1 bonus issue capitalises Rs 88.4883 crore of retained earnings, taking paid-up capital from Rs 29.4961 crore to Rs 117.9844 crore.

What approvals and timing apply to Bosch’s proposals?

Bosch requires shareholder approval through a postal ballot for the MOA amendment, the 1:5 subdivision and the 3-for-1 bonus issue. The November 6, 2026 filing says the postal-ballot process will seek members’ approval for the relevant transactions, while the individual split and bonus disclosures each state that they are subject to shareholder approval.

Bosch expects to complete the corporate actions within two months from its November 6, 2026 board meeting, subject to necessary approvals. The stated timetable applies to the split and to the estimated credit or dispatch of the bonus shares. The filing does not provide a specific postal-ballot voting date or a record date.

The capital amendment would take effect alongside the proposed post-bonus structure if shareholders approve it. Immediately after the split, authorised capital would remain Rs 38.05146 crore but would be represented by 190,257,300 shares of Rs 2 each. After the proposed amendment, it would be Rs 150 crore, represented by 750,000,000 Rs 2 shares.

Bosch’s announcement was issued under Regulations 30 and 33 of the Securities and Exchange Board of India’s Listing Obligations and Disclosure Requirements Regulations, 2015. The board meeting began at 10:00 Indian Standard Time and concluded at 14:30 Indian Standard Time on November 6, 2026, according to the filing.

Conclusion

Bosch has proposed linked capital actions that would reduce the face value of each equity share from Rs 10 to Rs 2, increase the share count fivefold through a split and then add three bonus shares for every post-split share. The combined plan would take paid-up shares from 29,496,100 to 589,922,000 and paid-up capital from Rs 29.4961 crore to Rs 117.9844 crore.

The next disclosed event is the postal-ballot approval process for the MOA amendment, subdivision and bonus issue. If the necessary approvals are received, Bosch has said it expects to complete the corporate actions within two months of the November 6, 2026 board meeting; no record date is disclosed in the split and bonus annexures.