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Bharat Seats MD, chairman, board of directors and AGM

NSE: BHARATSEBSE: 523229Auto ComponentsSmall Cap

Last close ₹182.44down ₹6.93 (3.66%)BSE ₹182.40

Share price at the NSE close on 23 Oct 2026. Previous close ₹189.37.

52-week range of traded prices to 23 Oct 2026
₹133.60Low, 27 Jan 2026₹263.18High, 13 Jul 2026
Market cap
₹1,146 Cr1,436th largest listed
P/E
24.8
P/B
5.0
Dividend yield
0.82%
ROE
21.8%
ROCE
24.6%
Debt to equity
0.22
Volume, NSE
1,32,58642.0% delivered

Bharat Seats board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorRohit Relan
  • Company Secretary and Compliance OfficerRitu Bakshi

10 directors5 independent3 executive2 non-executive

  • Rohit Relan · Chairperson and managing directorExecutive · joined Mar 1986 · 2 listed boards · 1 committee seat
  • Makoto KuniedaNon-executive · joined Aug 2023 · 1 listed board
  • Nisha MalhotraIndependent · joined Jan 2022 · reappointed Jan 2022 · 56 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Sanjay BhattacharyyaIndependent · joined Apr 2024 · reappointed Apr 2024 · 30 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Sudhir MaheshwariIndependent · joined Apr 2024 · reappointed Apr 2024 · 30 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Vanita ChhabraIndependent · joined May 2024 · reappointed May 2024 · 28 months as independent · 2 listed boards · 2 as independent · 2 committee seats
  • Sarthak BehuriaIndependent · joined Sep 2024 · reappointed Sep 2024 · 24 months as independent · 4 listed boards · 4 as independent · 4 committee seats, 2 as chair
  • Rishabh RelanExecutive · joined Feb 2021 · 2 listed boards · 2 committee seats
  • Rajiv AroraExecutive · joined Aug 2024 · 1 listed board
  • Vipin GargNon-executive · joined Aug 2026 · 1 listed board

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Raman Venkat Challa, left 30 Jul 2026: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 4 Aug 202610 of 10 present5 independent · 89 days in between
    • 6 May 202610 of 10 present5 independent

  • Audit Committee

    Chair Sudhir Maheshwari

    Sanjay Bhattacharyya, Nisha Malhotra, Rishabh Relan

    • 4 Aug 20264 of 4 present3 independent · 89 days in between
    • 6 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Sanjay Bhattacharyya

    Nisha Malhotra, Sudhir Maheshwari, Vanita Chhabra

    • 4 Aug 20264 of 4 present4 independent · 89 days in between
    • 6 May 20264 of 4 present4 independent

  • Stakeholders Relationship Committee

    Chair Sarthak Behuria

    Nisha Malhotra, Vanita Chhabra, Sudhir Maheshwari

    • 4 Aug 20264 of 4 present4 independent · 89 days in between
    • 6 May 20264 of 4 present4 independent

  • Corporate Social Responsibility Committee

    Chair Nisha Malhotra

    Vanita Chhabra, Sanjay Bhattacharyya, Sarthak Behuria

    • 4 Aug 20264 of 4 present4 independent · 89 days in between
    • 6 May 20264 of 4 present4 independent

  • Securities Allotment Committee

    Chair Rohit Relan

    Rajiv Arora, Nisha Malhotra, Sudhir Maheshwari

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • SR Batliboi & Co LLPPeer-review certificate valid to Jul 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Bharat Seats AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Bharat Seats dividend history

Postal ballot, 8 Oct 2026

33,305 shareholders on the register on 4 Sep 2026; votes counted by RUPINDER SINGH BHATIA / RUPINDER SINGH BHATIA.The company's voting result (opens in a new tab)

  1. To appoint Mr. Vipin Garg (DIN:10985209) as Nominee Director of Maruti Suzuki India Limited, in the category of Non-Executive and Non-Independent Director of the Company.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.50%

    Turnout: all 75.61% · promoters 100.00% · institutions 34.57% · other public 3.32%

  2. To approve the appointment of Mr. Arvind Kapur (DIN: 00096308) as an Independent and Non-Executive Director
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.65%

    Turnout: all 75.61% · promoters 100.00% · institutions 34.57% · other public 3.32%

  3. To enhance the Borrowing powers of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.67%

    Turnout: all 75.61% · promoters 100.00% · institutions 34.57% · other public 3.32%

  4. Creation of charges, mortgages, hypothecation on the immovable and movable properties of the Company under Section 180(1)(a) of the Companies Act, 2013
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.53%

    Turnout: all 75.61% · promoters 100.00% · institutions 34.57% · other public 3.32%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 24 Jul 2026, 5 resolutions

32,472 shareholders on the register on 17 Jul 2026; present: 2 promoters and 214 others; votes counted by RUPINDER SINGH BHATIA / RUPINDER SINGH BHATIA.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2026, together with the reports of the Board of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 75.99% · promoters 100.00% · institutions 17.61% · other public 4.89%

  2. To declare dividend on equity shares for the financial year ended March 31, 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 75.99% · promoters 100.00% · institutions 17.61% · other public 4.89%

  3. To appoint a Director in place of Mr. Raman Venkat Challa (DIN: 07093663) who retires by rotation at this meeting as a Director and being
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.22%

    Turnout: all 75.99% · promoters 100.00% · institutions 17.61% · other public 4.89%

  4. To re-appoint Mr. Rishabh Relan (DIN:07726444) as a Whole Time Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.22%

    Turnout: all 75.99% · promoters 100.00% · institutions 17.61% · other public 4.89%

  5. To approve Material Related Party Transactions with Suzuki Motorcycle India Private Limited
    SpecialPromoters have an interest in it
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 1.32% · promoters 0.00% · institutions 17.61% · other public 4.87%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 12 Mar 2026, 1 resolution

29,709 shareholders on the register on 6 Feb 2026; votes counted by RUPINDER SINGH BHATIA / RUPINDER SINGH BHATIA.The company's voting result (opens in a new tab)

  1. To approve Material Related Party Transactions with Maruti Suzuki India Limited
    OrdinaryPromoters have an interest in it
    99.01% for0.99% against

    Against: promoters 0.00% · institutions 11.20% · other public 0.26%

    Turnout: all 1.72% · promoters 0.00% · institutions 46.56% · other public 6.41%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 9 Jul 2025, 8 resolutions

27,263 shareholders on the register on 2 Jul 2025; present: 4 promoters and 192 others; votes counted by RUPINDER SINGH BHATIA / RUPINDER SINGH BHATIA.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2025, together with the reports of the Board of Directors and Auditors thereon
    Ordinary
    99.42% for0.58% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.07%

    Turnout: all 76.29% · promoters 100.00% · institutions 0.00% · other public 6.45%

  2. To declare dividend on equity shares for the financial year ended March 31, 2025
    Ordinary
    99.42% for0.58% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.07%

    Turnout: all 76.29% · promoters 100.00% · institutions 0.00% · other public 6.45%

  3. To appoint a Director in place of Mr. Makoto Kunieda (DIN: 10260765) who retires by rotation at this meeting as a Director and being eligible offers himself for re-appointment
    Ordinary
    99.42% for0.58% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.07%

    Turnout: all 76.29% · promoters 100.00% · institutions 0.00% · other public 6.45%

  4. To appoint a Director in place of Mr. Rishabh Relan (DIN: 07726444) who retires by rotation at this meeting as a Director and being eligible offers himself for re-appointment
    Ordinary
    99.42% for0.58% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.07%

    Turnout: all 76.29% · promoters 100.00% · institutions 0.00% · other public 6.45%

  5. To appoint the Secretarial Auditor of the Company
    Ordinary
    99.42% for0.58% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.07%

    Turnout: all 76.29% · promoters 100.00% · institutions 0.00% · other public 6.45%

  6. To approve Material Related Party Transactions with Maruti Suzuki India Limited
    OrdinaryPromoters have an interest in it
    72.93% for27.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.07%

    Turnout: all 1.63% · promoters 0.00% · institutions 0.00% · other public 6.45%

  7. To approve Material Related Party Transactions with NDR Auto Components Limited
    OrdinaryPromoters have an interest in it
    72.93% for27.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.07%

    Turnout: all 1.63% · promoters 0.00% · institutions 0.00% · other public 6.45%

  8. To approve Material Related Party Transactions with Suzuki Motorcycle India Private Limited
    OrdinaryPromoters have an interest in it
    72.93% for27.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.07%

    Turnout: all 1.63% · promoters 0.00% · institutions 0.00% · other public 6.45%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.