Bharat Seats Limited has informed the Exchange regarding Change in Director(s) of the company.
BHARATSE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bharat Seats Limited held its Board meeting on May 6, 2026, approving FY26 audited financials with an unmodified opinion from auditors S.R. Batliboi & Co. LLP. The company declared a dividend of Rs. 1.50 per share (75% on Rs. 2 face value), with record date July 17, 2026. Capex of Rs. 86.61 crore was approved for new Maruti Suzuki programmes at Kharkhoda and Gujarat Navyani plants. The board also recommended re-appointment of Mr. Rishabh Relan as Whole-time Director for 3 years from February 4, 2027. The auditors noted an Income Tax Department search conducted in an earlier year at company premises and residences of some KMPs as an emphasis of matter.
The announcement is largely positive with profit visibility, capex commitment for Maruti Suzuki programmes, and shareholder returns. However, the unresolved Income Tax search remains a watch item. The re-appointment of Rishabh Relan (son of CMD Rohit Relan) extends promoter family continuity on the board.