Outcome of Board Meeting

E 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 August 04, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, Plot No. C/1, G-Block Bandra PJ Towers, 25" 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 Securi 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 August 04, 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 ended on June 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. Based on the recommendation of the Nomination and Remuneration Committee, appointed Mr. Vipin Garg (DIN: 10985209) as an Additional Director -Nominee of Maruti Suzuki India Limited, with effect from August 04, 2026, to hold office up to the date of next Annual General Meeting. 3. Considered and recommended to shareholders for approval, the appointment of Mr. Arvind Kapur (DIN: 00096308), who has attained the age of 75 years, as an Independent Non-Executive Director of the Company for a term of Five Years, based on the recommendation of the Nomination and Remuneration Committee. 4. Designated Mr. Shailesh Tripathi, Chief Human Resource Officer, as Senior Management Personnel of the Company with effect from August 04, 2026. The said appointment is based on the recommendation of the Nomination and Remuneration Committee of the Company. The details as required pursuant to SEBI Master circular no. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026 for point no.2,3 and 4 are annexed as annexure Il, lll and IV respectively. Regd.Office: 1, Nelson Mandela Road, Vasant Kunj, New Delhi-110070 Phone: 09810808631 E 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 5. Considered, approved and further recommended to NDR Auto Components Limited, the list of identified eligible employees for grant of ESOP as per NDR Auto Components Limited Stock Option Plan, 2024. 6. Approved the additional capital expenditure of approx. Rs. 49.33 Crore for new programmes of Maruti Suzuki India Limited in the ordinary course of business, for the Company’s plants at Kharkhoda, Distt. Sonepat, Haryana and Navyani, Gujarat. 7. Approved and recommended to the shareholders, the enhancement of borrowing limits from Rs. 200 Crores to 400 Crores. 8. Approved Notice of Postal Ballot for seeking shareholders’ approval for the appointment of Directors and enhancement of Borrowing limits. A copy of the Postal Ballot Notice shall be uploaded as soon as it is dispatched to the members of the Company. The Board Meeting commenced at 12:05 P.M. and concluded at 01:25 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 Annexure I fl BHARAT SEATS LIMITED Regd. Office : 1, Nelson Mandela Road, Vasant Kunj, New Delhi- 110070 CIN: L34300DL1986PLC023540 WEBSITE: www.bharatseats.com; E-mail: seats@bharatseats.net Phone: +91 9643339870-74 STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2026 (Rs. in lakhs except per share data) Sr.No. [Particulars Quarter Ended Year Ended 30.06.2026, 31.03.2026 30.06.2025, 31.03.2026, (Unaudited) (Audited) (Unaudited) (Audited) 1 Income: Revenue from operations. 57,782.61 57,427.78 42,706.14 1,95,095.14 Other Income 107.48 57.33 106.65 528.24 Total income 57,890.09 57,485.11 42,812.79 1,95,623.38 2 |Expenses a) Cost of materials consumed 49,768.19 49,022.65 36,856.84 1,65,437.70 b) Purchases of traded goods 610.03 892.54 - 2,720.57 3) (Increase)/decrease in inventories of finished goods, traded goods and work-in-progress (59.61) 50.93 (366.44) (217.15) d) Employee benefits expense 1,819.19 1,748.19 1,563.25 6,558.20 ¢) Finance costs 219.29 244.80 250.45 1,017.00 ) Depreciation and amortisation expense 935.40 927.01 794.27 3.529.38 g) Other expenses 2,825.86 2,747.28 2,480.20 10,680.05 Total expenses 56,118.35 55,633.40 41,578.57 1,89,725.75 3 Profit before exceptional item & tax (1-2) 1,771.74 1,851.71 1,234.22 5,897.63 4 Exceptional items - - - 137.37 5 Profit before tax (3-4) 1,771.74 1,851.71 1,234.22 5,760.26 6 |Tax expenses a) Current tax 457.92 536.24 296.68 1,516.19 b) Tax relating to earlier years - - - 22.95 c) Deferred tax expense/(credit) (7.46). (9.84)] 19.95 (2.00): Total tax expense 450.46 526.40 316.63 1,537.14 7 |Profit for the period / year (3-4) 1,321.28 1,325.31 917.59 4,223.12 8 |Other Comprehensive Income, net of income tax @) Re-measurement gains/(10ss) on defined benefit plans - not to be reclassified to profit/(loss) in subsequent periods (7.21)! (11.41)] 1.83 (28.86) b) Income tax effect on above 1.81 2.87 (0.46)! 7.26 9 Total other comprehensive income/(loss) net of tax (5.40). (8.54)] 1.37 (21.60) 10 [Total Comprehensive Income for the period/year, net of tax (5+6) 1,315.88 1,316.77 918.96 4,201.52 11 Paid-up Equity Share Capital (Face value of Rs.2/- per share) 1,256.00 1,256.00 1,256.00 1,256.00 12 [Other Equity as shown in the Audited Balance Sheet of the year 21,709.99 13 |Earning per equity share (EPS)* (nominal value of Rs.2/- each) : a) Basic (Rs.) 2.10 2.11 1.46 6.72 b) Diluted ( Rs.) 2.10 2.11 1.46 6.72 *EPS not annualised except for annual. NOTES : 1 The above financial results of Bharat Seats Limited ("the Company") have been prepared in accordance with Indian Accounting Standards (Ind-AS) as prescribed under section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 as amended. 2 The Sales/Purchase have been recognised based on contract price with the customers/vendors which are subject to escalations and deescalations basis annual price revision. The Company estimated such escalations and de-escalations on best estimate basis and these will be formalised by year end. 3 In line with the provisions of IND AS-108 - Operating Segment, the Company is engaged in the business of manufacturing of different seating systems, Automotive parts and Components for automobile industry, which constitute single reporting business segment, hence no segment disclosures are required. 4 In the financial year 2023-24, the Income Tax Department (‘the department’) conducted a search 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. The Company initially received demand orders amounting to Rs. 2,243.72 lakhs (excluding penalties) for the Assessment Years 2014-15 to 2024-25, along with a penalty demand order of Rs. 524.28 lacs for the Assessment Year 2022-23. Subsequently, pursuant to appeals filed by the Company, the Commissioner of Income Tax (Appeals) issued orders resulting in a substantial reduction of the demands, with the outstanding demand aggregating to Rs. 245.25 lakhs for the Assessment Years 2013-14 to 2024-25, except for Assessment Year 2022-23, for which the appellate order (including the related penalty order) is still awaited. The total demand [Showing first 8,000 characters — download PDF for full document]