Bharat Seats Limited has informed the Exchange about General Updates
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Bharat Seats Limited held its Board meeting on May 6, 2026 and approved the audited financial results for FY2026 ending March 31, 2026, along with receiving an unmodified opinion from auditors S.R. Batliboi & Co. LLP. The Board recommended a dividend of Rs. 1.50 per share (75% on Rs. 2 face value), with record date July 17, 2026. The company approved capital expenditure of approximately Rs. 86.61 crores for new Maruti Suzuki programmes at its Kharkhoda and Gujarat Navyani plants. The 39th Annual General Meeting is scheduled for July 24, 2026. Additionally, the Board recommended re-appointment of Mr. Rishabh Relan as Whole Time Director for another three-year term from February 2027 to February 2030. Note: The auditors drew attention to an unresolved Income Tax Department search matter from an earlier year, though their opinion remained unqualified.
The approved FY2026 results with unqualified auditors' opinion indicate clean financials. The 75% dividend payout signals healthy profitability. The Rs. 86.61 crore capex for new Maruti Suzuki programmes demonstrates business growth through its key customer relationship.