Bharat Seats Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 09, 2025
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Bharat Seats Limited has issued the notice for its 38th AGM scheduled for Wednesday, July 9, 2025, at 11:00 a.m. through video conferencing. The record date/cut-off date for e-voting and dividend entitlement is July 2, 2025, with remote e-voting open from July 5 to July 8, 2025. Shareholders will vote on adopting the FY25 audited financial statements, declaring a dividend of Rs. 1.10 per equity share (face value Rs. 2), and re-appointing two directors (Mr. Makoto Kunieda and Mr. Rishabh Relan) who retire by rotation. The company is also seeking approval to appoint Mr. R.S. Bhatia as Secretarial Auditor for a five-year term from FY26 to FY30, and to enter into material related party transactions with Maruti Suzuki India (up to Rs. 1,300 crore), NDR Auto Components (up to Rs. 650 crore), and Suzuki Motorcycle India (up to Rs. 500 crore) for FY26 onwards.
The Rs. 1.10 dividend signals continued shareholder returns, while the large related party transaction limits (totalling up to Rs. 2,450 crore) confirm deep business dependence on the Suzuki/Maruti group, which is normal for the company. The resolutions are largely routine and expected to pass, with no major governance red flags.