Bosch : Letter to SE dated 01.04.2024 – Announcement under Reg.30 of SEBI LODR
April 01, 2024 at 07:01 am EDT
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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 80 6752-3878
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
Scrip code: BOSCHLTD
Scrip code:500530
April 01, 2024
Dear Sir/Madam,
Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 - Schedule III (19)
Pursuant to Regulation 30 read with Schedule III sub-para 19 of Para A of Part A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Bosch Limited has received a refund order under Section 254 of the Income Tax Act, 1961 from the Deputy Commissioner of Income Tax, Government of India for the assessment year 2013-14 during the quarter ended March 31, 2024. As per the order the Company expects a refund of INR 116.38 crores (including interest). The Company is in the process of evaluating the implications of the order on the financial statements for the quarter and year ending March 31, 2024.
Details required in terms of SEBI Circular No. CIR/CFD/CMD/4/2015 dated July 13,2023 are given below:
i
name of the authority;
Deputy Commissioner of Income-Tax
ii
nature and details of the action(s) taken, initiated or order(s) passed;
*Order u/s 254 r.w.s. 143(3) of the Income-tax Act,1961
iii.
date of receipt of direction or order:
March 29, 2024
iv
details of the violation(s)/contravention(s) committed or alleged to be committed;
Not Applicable
v
impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible
The company is in the process of evaluating the implications of the order on the financial statements for the quarter and year ending March 31, 2024
*Order Giving effect to the order passed by Hon'ble Income-tax Appellate Tribunal (ITAT) of AY 2013-14
This is for your information and records.
Yours Sincerely, for Bosch Limited,
V Srinivasan
Company Secretary & Compliance Officer
Registered Office: Bosch Limited, Hosur Road, Bangalore-560030, Karnataka, India Managing Director: Guruprasad Mudlapur; Joint Managing Director : Sandeep Nelamangala
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Bosch Limited published this content on
01 April 2024 and is solely responsible for the information contained therein. Distributed by
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Bosch is an industrial group that is organized around two product families:
- automotive components and accessories (85.3% of net sales): injection systems, chassis control systems, propulsion systems, generators, mechatronic components and systems, multimedia systems, etc.;
- other (14.7%): mass market products (electric tools and appliances), Industrial equipment (control and industrial automation systems, packaging systems, etc.), and building solutions (heating systems, detection, access control, video surveillance and intrusion detection systems, etc.). In addition, the group offers solar energy solutions.
At the end of March 2018, Bosch has 8 production sites located in India.