Bharat Seats Limited has informed the Exchange about General Updates
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The Board of Directors of Bharat Seats Limited met on May 7, 2025 and approved the audited financial results for Q4 and the full financial year ended March 31, 2025, with statutory auditors S.R. Batliboi & Co., LLP issuing an unmodified (clean) opinion. The Board recommended a dividend of Rs. 1.10 per equity share (55%) on shares of Rs. 2 face value, subject to shareholder approval at the 38th AGM scheduled for July 9, 2025 (to be held via video conferencing). The Board also approved the draft Directors' Report, Management Discussion & Analysis, and Corporate Governance Report, and appointed Mr. Rupinder Singh Bhatia as the new Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30). The auditor's report included an emphasis-of-matter note on unresolved uncertainty from an earlier Income Tax search conducted under Section 132 of the IT Act, though this did not modify the audit opinion.
The clean audit opinion and consistent dividend payout are positive for shareholders and signal steady financial health. However, the lingering Income Tax search matter remains a watchpoint, and detailed FY25 numbers will give a clearer picture of business performance.