Bharat Seats Limited has informed the Exchange regarding Board meeting held on May 07, 2025.
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Awaiting price reaction for this filing.
Bharat Seats Limited's Board of Directors met on May 7, 2025 and approved the audited financial results for Q4 FY25 and the full year ended March 31, 2025, along with the Annual Financial Statements. The Board recommended a dividend of Re. 1.10 per equity share (55%) on shares with a face value of Rs. 2 each, payable within 30 days of declaration at the AGM. The 38th Annual General Meeting has been scheduled for July 9, 2025 via video conferencing/other audio-visual means, with the share transfer books and register of members closed from July 3 to July 9, 2025. The Board also appointed Mr. Rupinder Singh Bhatia (Company Secretary in Practice) as Secretarial Auditor for a 5-year term covering FY 2025-26 through FY 2029-30, subject to shareholder approval. The statutory auditor S.R. Batliboi & Co. LLP issued an unmodified opinion on the results, while flagging an emphasis-of-matter paragraph on the uncertain outcome of an earlier Income Tax search under Section 132 of the IT Act at the company's premises and residences of certain KMPs.
Eligible shareholders stand to receive a Rs. 1.10 per share dividend, with the record date falling within the July 3-9, 2025 book closure window — watch for the ex-date announcement. The auditor's clean (unmodified) opinion is positive for the stock, though the unresolved Income Tax search from an earlier year remains a known overhang investors should track.