as per attachment
BHARATSE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bharat Seats Limited, a Maruti Suzuki joint venture seat manufacturer, has announced its audited financial results for FY ended March 31, 2026 with an unmodified (clean) audit opinion from S.R. Batliboi & Co. LLP. The Board approved capital expenditure of Rs. 86.61 crores for new Maruti Suzuki programs at Kharkhoda and Gujarat Navyani plants. A dividend of Rs. 1.50 per share (75% on Rs. 2 face value) has been recommended with record date July 17, 2026, payable within 30 days of shareholder approval at the 39th AGM on July 24, 2026. The auditors issued an Emphasis of Matter regarding an Income Tax Department search under Section 132 conducted in an earlier year at manufacturing locations and residences of certain personnel, though the opinion remains unqualified. Mr. Rishabh Relan has been recommended for re-appointment as Whole-time Director for three years from February 2027.
Clean audit results with maiden/dividend declaration signal financial stability. The IT department search creates contingent liability uncertainty though auditors did not qualify their opinion. New Rs. 86.61 crore capex for Maruti programs indicates business growth confidence.