as per attachment
BHARATSE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bharat Seats Limited held its Board meeting on May 6, 2026, approving the audited financial results for Q4 and FY ended March 31, 2026 with an Unmodified Opinion from auditors S.R. Batliboi & Co. LLP. The Board approved capital expenditure of approximately Rs. 86.61 crores for new Maruti Suzuki programmes at Kharkhoda and Gujarat Navyani plants. A dividend of Rs. 1.50 per equity share (75% payout) was recommended with record date July 17, 2026. The auditors included an Emphasis of Matter regarding an Income Tax Department search under Section 132 conducted at company premises in an earlier year, though the opinion remained unmodified. The Board also recommended re-appointment of Mr. Rishabh Relan as Whole Time Director for another 3-year term from February 2027.
The clean audit opinion with emphasis on the Income Tax search matter suggests no material concern but investors should note the tax uncertainty. The Rs. 86.61 crore capex approval signals confidence in growth tied to Maruti Suzuki programmes. The 75% dividend payout is positive for shareholders.