BOSCHLTD2026-05-20BOSCHLTD2026-05-202026-05-20500530BOSCH LIMITEDBOSCHLTDNOTLISTEDINE323A01026NewOther Restructuringtrue2026-05-2015:50:002026-05-20Joint Venture between Bosch Limited and Wheels India Limited and Brakes India Private Limited (collectively referred as TSF Companies) for development and production of solutions for the commercial vehicle (CV) air system segment and any other product that joint venture shall decide from time to time.The proposed equity share paid-up capital of Joint Venture Company, at the time of incorporation of the Joint Venture Company, shall be up to INR 1,00,000 (Indian Rupees One Lakh only), as paid by Bosch and the TSF Companies in the ratio of 50%:50%. Thereafter, within 60 (sixty) days from the date of incorporation of the Joint Venture Company, an INR equivalent of EUR 1,000,000 (Euros One Million only) less the initial subscription of INR 1,00,000 (Indian Rupees One Lakh only) shall be infused in the Joint Venture Company by Bosch and the TSF Companies in the ratio of 50%:50%.Partners will support JV Company with production of sub-components, sales, business development, services, distribution, warehousing and logistics for JV products in the specified territoriesfalseBosch Limited, WIL and BIPL will subscribe to the shares of the joint venture company (“Joint Venture Company”) such that Bosch will hold 50% and the TSF Companies (i.e., WIL and BIPL) will collectively hold 50% of the Share Capital of the Joint Venture Company. Further the JV Board shall comprise of 4 Directors with 2 Directors nominated by Bosch Ltd and other 2 nominated by the TSF Companies.