Bharat Seats Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
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Bharat Seats Limited has submitted the voting results and scrutinizer's report for a postal ballot concluded on March 12, 2026, with results declared on March 13, 2026. Shareholders approved one ordinary resolution to allow material related party transactions with Maruti Suzuki India Limited (in which the promoter group is interested). Out of 62.8 million total outstanding shares, only about 1.08 million votes (1.72%) were polled, of which 99.01% were in favour and 0.99% against. Public institutions polled 46.56% of their holdings (88.80% in favour), while public non-institutions polled 6.41% (99.74% in favour). Notably, the promoter group holding 46.9 million shares did not cast any votes. Scrutinizer Rupinder Singh Bhatia oversaw the process, with 29,709 shareholders on record as of February 6, 2026.
Approval enables Bharat Seats to continue material business transactions with its key customer and promoter-group associate Maruti Suzuki, which is central to its operations, so the outcome is business-as-usual. However, the very low overall voting turnout of just 1.72% is a weak mandate signal and may invite governance scrutiny despite the comfortable passage.