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Seats LimitedMain BoardEquity2024-04-012025-03-312025-05-072025-04-30INRLakhsQuarterlyFourth quarterSingle segmentManufacture of Complete seating system and interior component for the automotive and surface transport2025-05-0711:50:002025-05-0713:10:00trueCash Flow IndirectDeclaration of unmodified opiniontruetrueNANAfalsetrue2025-03-24https://bharatseats.com/wp-content/uploads/2020/05/2.-Policy-on-Related-Party-Transactions.pdffalsefalseNo2025-01-012025-03-31AuditedStandalone3929125000128170003941942000331526900015345000951300014195900020955000676110002199710003790623000151319000015131900038129000-6950003743400001138850000000113885000176400011564900012560000021.811.81001.811.811.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. <BR> <BR> 2.The figures for the last quarter are the balancing figures between audited figures in respect of the full financial year upto March 31, 2025 and the unaudited published year to date figures upto December 31, 2024 being the date of the end of the third quarter of the financial year which were subjected to limited review. <BR> <BR> 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. <BR> <BR> 4.The company has issued 3,14,00,000 fully paid-up bonus equity shares, each with a nominal value of Rs 2, in a 1:1 ratio, pursuant to approval granted by shareholders i.e. every existing equity share with a face value of Rs 2, one additional equity share with a face value of Rs 2 was issued. As a result of the share allotment on December 23, 2024, the company's issued, subscribed, and paid-up capital has increased to Rs 1,256 lakhs. This increase was achieved by capitalizing Rs 628 lakhs from the company's free reserves. <BR> <BR> Consequently, the basic and diluted earnings per equity share have been recalculated to Rs 1.21 and Rs 1.29, respectively, for the quarters ending December 31, 2024, and March 31, 2024. For the year ended March 31, 2025, the earnings per share stood at Rs. 5.21 and for the fiscal year ending March 31, 2024, the earnings per share reached Rs 3.99. Additionally, pursuant to the approval of shareholder obtained through a postal ballot notice dated November 5, 2024, with the results declared on December 9, 2024 (the approval date and the last date for e-voting being the same), the company's authorized share capital has been increased from Rs 700 lakhs to Rs 1,500 lakhs. <BR> <BR> 5.During 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. <BR> Subsequently, the Company received notices from the Department requesting details of specific transactions and documents from prior years. In response, the Company submitted the required information, pursuant to which the Company has 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 lakhs for the Assessment Year 2022-23. <BR> The Company has filed appeals against the demand orders received from department with the Commissioner of Income Tax (Appeals). As per Company’s own assessment and also based on legal advice, management is confident of favourable outcome for such appeals. Pending outcome of appeal proceedings, no adjustment has been made to these financial statements. <BR> <BR> 6.Subject to the approval of shareholders in the ensuing Annual General Meeting of the Company, the board of directors has recommended a final dividend of 55 percent i.e. Rs.1.10 per share of the face value of Rs. 2/- each aggregating to Rs. 690.80 lakhs. <BR> <BR> 7.The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 7th May, 2025. <BR> <BR> <BR> <BR> <BR> <BR> 2024-04-012025-03-31AuditedStandalone1288824700035857000129241040001079649400015345000-611000053146600089071000262399000796478000124851430004389610000438961000118184000-622600011195800003270030000000327003000500000327503000125600000218199270005.215.21005.215.21Power & Fuel34249000Research & Development Expenses9106000Maintenance of Building, Plant & Machinery and others22516000Consumption of stores2104000Insurance5367000Contract manpower and 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or significant influence, is able to exercise significant influenceAny other transactionManagement Consultancy Income10000000Approved7500000Bharat Seats Limited******Suzuki Motorcycle India Private Limited******Enterprises over which entities with joint control or significant influence, is able to exercise significant influenceSale of goods or services4000000000Approved87014300019577000335181000Bharat Seats Limited******Suzuki Motor Gujarat Private Limited******Enterprises over which entities with joint control or significant influence, is able to exercise significant influenceSale of goods or services5000000000Approved1297500000237535000355269000Bharat Seats Limited******Bellsonica Auto Component India Private Limited******Enterprises over which entities with joint control or significant influence, is able to exercise significant influenceSale of goods or services100000000Approved22509000123830004669000Bharat Seats Limited******Krishna Maruti Limited******Enterprises over which entities with joint control or significant influence, is able to exercise significant influenceSale of goods or services10000000Approved8000009900096000Bharat Seats Limited******Mr. Rohit Relan******Chairman and Managing DirectorRemuneration0Not Applicable1939500000Bharat Seats Limited******Mr. Rishabh Relan******Whole Time DirectorRemuneration0Not Applicable514000000Bharat Seats Limited******Mr. Rajiv Arora******Whole Time Director and CEORemuneration0Not Applicable910200000Bharat Seats Limited******Mr. Vinod Kumar******Chief Financial OfficerRemuneration0Not Applicable300800000Bharat Seats Limited******Ms. Ritu Bakshi ******Company SecretaryRemuneration0Not Applicable163800000Bharat Seats Limited******Ms. Sarthak Behuria******Independent DirectorRemuneration0Not Applicable36000000Bharat Seats Limited******Ms. Nisha Malhotra******Independent DirectorRemuneration0Not Applicable72000000Bharat Seats Limited******Mr. Sudhir Maheshwari******Independent DirectorRemuneration0Not Applicable66000000Bharat Seats Limited******Mr. Sanjay Bhattacharyya******Independent DirectorRemuneration0Not Applicable54000000Bharat Seats Limited******Mr. Vanita Chhabra******Independent DirectorRemuneration0Not Applicable48000000Bharat Seats Limited******Mr. Rohit Relan******Chairman and Managing DirectorInterest paid18810000Approved935300000Bharat Seats Limited******B.R.M. Farm & Nurseries******Partbership Firm where relatives of Mr. Sudhir Maheshwari, Independent Directors are PartnersAny other transactionHorticulture Expenses1500000Approved616000009930551000AuditedtrueSR Batliboi & Co LLPtrue2027-07-31