BSEBoard Meeting1d ago · 27 Oct 2026, 01:26 pm

as per attachment.

Bharat Seats Ltd-$ · 523229

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Bharat Seats Ltd has announced its unaudited financial results for the quarter and six months ended September 30, 2026, with the Board of Directors approving the reconstitution of various committees and the investment in a Special Purpose Vehicle for sourcing power through captive solar power energy.

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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment5/10

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Bharat Seats Ltd-$ - 523229 - Board Meeting Outcome for Outcome Of The Meeting Of Board Of Directors As Per Regulation 30 And 33 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 [SEBI (LODR) Regulations, 2015]

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BHARAT SEATS LIMITED Plot No.1, Maruti Udyog Joint Venture Complex, Gurugram-122015 (Haryana) India Phones: +91-9643339870-74 E-mail: seats@bharatseats.net CIN: L34300DL1986PLC023540 WEBSITE: www.bharatseats.com October 27, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, Plot No. C/1, G-Block Bandra PJ Towers, 25th Floor, Dalal Street, Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 523229 Scrip Code: BHARATSE Subject: Outcome of the meeting of Board of Directors as per Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 [SEBI (LODR) Regulations, 2015] Dear Sir/ Madam, The Board of Directors of the Company at its meeting held on October 27, 2026, inter alia considered and transacted the following businesses: 1. Pursuant to Regulation 33 of the SEBI (LODR) Regulations, 2015, the Board has considered and approved the Unaudited Financial Results for the quarter and six months ended on September 30, 2026, and noted that the Limited Review Report of Auditors thereon, did not contain any qualification or adverse remark/modified opinion. (Copy of Financial Results with Limited Review Report are enclosed as Annexure I) 2. Approved the reconstitution of the following Committees of the Board: a) Audit Committee; b) Stakeholders Relationship Committee; c) CSR Committee; and d) Nomination and Remuneration Committee 3. Approved Notice of Postal Ballot for seeking shareholders’ approval for enhancement of limit of material Related Party Transactions with NDR Auto Components Limited. A copy of the Postal Ballot Notice shall be uploaded as soon as it is dispatched to the members of the Company. 4. Approved the investment in the equity shares of a Special Purpose Vehicle (SPV), amounting to Rs. 99 Lakhs, in one or more tranches, for sourcing power through captive solar power energy. The detailed disclosure pursuant to the provisions of Regulation 30 of the SEBI (LODR) Regulations, 2015 read with SEBI Master circular no. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026, is enclosed as Annexure II. Regd.Office:1, Nelson Mandela Road, Vasant Kunj, New Delhi-110070 Phone: 09810808631 BHARAT SEATS LIMITED Plot No.1, Maruti Udyog Joint Venture Complex, Gurugram-122015 (Haryana) India Phones: +91-9643339870-74 E-mail: seats@bharatseats.net CIN: L34300DL1986PLC023540 WEBSITE: www.bharatseats.com The Board Meeting commenced at 11:50 A.M and concluded at 01:20 P.M. Please take the same on record. For Bharat Seats Limited Ritu Bakshi Company Secretary and Compliance Officer Mem. No.: F3401 Encl: a/a Regd.Office:1, Nelson Mandela Road, Vasant Kunj, New Delhi-110070 Phone: 09810808631 Independent Auditor’s Review Report on the Quarterly and Year to Date Unaudited Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Bharat Seats Limited 1. We have reviewed the accompanying Statement of Unaudited Financial Results of Bharat Seats Limited (the “Company”) for the quarter ended September 30, 2026 and year to date from April 01, 2026 to September 30, 2026 (the “Statement”) attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”). 2. The Company’s Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company’s Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (‘Ind AS’) specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. Emphasis of Matter – Income Tax Search We draw attention to note 4 of the financial results which describes the uncertainty relating to outcome of a search conducted by the Income Tax Department in an earlier year, under Section 132 of the Income Tax Act, 1961, at certain premises of the Company including manufacturing locations and residence of few of its employees/key managerial personnel. Our conclusion is not modified in respect of this matter. Regd. Ofce: 22, Camac Street, Block ‘B’, 3rd Floor, Kolkata-700 016 6. The accompanying Statement includes unaudited interim financial results and other unaudited financial information in respect of: One branch, whose interim financial results and other financial information reflect total assets of Rs. 18.86 lakhs as at September 30, 2026, and total revenues of Rs. Nil and Rs. Nil, total net loss after tax of Rs. 38.19 lakhs and Rs. 84.07 lakhs, total comprehensive loss of Rs. 38.19 lakhs and Rs. 84.07 lakhs, for the quarter ended September 30, 2026 and the period ended on that date respectively, and net cash outflows of Rs. 5.51 lakhs for the period from April 01, 2026 to September 30, 2026, as considered in the Statement based on their interim financial results and other financial information which have not been audited/reviewed by their branch auditors. The unaudited interim financial results and other unaudited financial information of the said branch have been approved and furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the affairs of such branch, is based solely on such unaudited interim financial results and other unaudited financial information. According to the information and explanations given to us by the Management, these interim financial information/financial results is not material to the Company. Our conclusion on the Statement in respect of above matters is not modified. For S.R. Batliboi & Co. LLP Chartered Accountants ICAI Firm registration number:301003E/E300005 Pranay Digitally signed by Pranay Gupta DN: cn=Pranay Gupta, c=IN, o=Personal Gupta Date: 2026.10.27 13:10:37 +05'30' per Pranay Gupta Partner Membership No.: 511764 UDIN: 26511764NRFNSB7412 Place: New Delhi Date: October 27, 2026 BHARA [Showing first 8,000 characters — download PDF for full document]