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Board of Bosch approves change in directorate

At meeting held on 20 May 2021The Board of Bosch at its meeting held on 20 May 2021 has approved the following change in directorate:
Resignation of Dr. Bernhard Straub (DIN: 06654241), as a Chairman and Director of the Company with effect from close of business hours on 20 May 2021, due to change in area of his responsibility at global level.
Resignation of Bernhard Steinruecke (DIN: 01122939) as an Independent Director of the Company with effect from close of business hours on 20 May 2021, due to preoccupation.
Appointment of Markus Bamberger (Non-Executive, Non-Independent Director) as an Additional Director designated as a Chairman of the Board with effect from 01 June 2021. ....

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Bosch spurts after strong Q4 result

Bosch rose 7.51% to Rs 15,906.55 after the company posted a net profit of Rs 481.95 crore in Q4 FY21, steeply higher than net profit of Rs 81.14 crore in Q4 FY20.Revenue from operations increased by 43.77% to Rs 3,215.87 crore in Q4 FY21 over Q4 FY20. Profit before tax (PBT) from continuing operations stood at Rs 639.99 crore in Q4 FY21, steeply higher than Rs 64.1 crore posted in Q4 FY20.
On a consolidated basis, the company reported a 26% fall in net profit to Rs 480.70 crore for the year ended March 2021 (FY21) compared to Rs 649.82 crore registered in the year ended March 2020 (FY20). Net sales declined 1.27% to Rs 9,716.23 crore in FY21 over FY20. ....

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Bosch announces resignation of directors

With effect from 05 April 2021Bosch announced that Dr. Bernhard Straub, Chairman (DIN: 06654241), being a Non-Executive Director of the Company has submitted his resignation as a Director, vide letter dated 05 April 2021, with effect from close 0of business hours on 20 May 2021 due to change in area of his responsibility at global level;
Further, Bernhard Steinruecke (DIN: 01122939), Independent Director of the Company has submitted his resignation as a Director, vide letter dated 05 April 2021, with effect from close of business hours on 20 May 2021 due to pre-occupation.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) ....

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