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Seats LimitedMain BoardEquity2025-04-012026-03-312026-05-062026-04-30INRLakhsQuarterlyFourth quarterSingle segmentManufacture of Complete seating system and interior component for the automotive and surface transport2026-05-0615:15:002026-05-0616:50:00trueCash Flow IndirectDeclaration of unmodified opiniontruetrueNANAfalsetrue2025-03-24https://bharatseats.com/policies-codes-programmes/falsefalseNO2026-01-012026-03-31AuditedStandalone574277800057330005748511000490226500089254000509300017481900024480000927010002747280005563340000185171000018517100053624000-9840005264000001325310000000132531000-85400013167700012560000022.112.11002.112.110.00480.03730.10271.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 2026 and the unaudited published year to date figures upto December 31 2025 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.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. Subsequently the Company received demand orders amounting to Rs. 2243.72 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. The Company filed appeals against the tax and penalty demand orders received from department with the Commissioner of Income Tax Appeals. Subsequently the Company has filed rectification application of Rs. 1187.66 lakhs concerning the outstanding demand. <BR> The Company has now received orders from the Commissioner of Income Tax Appeals reducing the demand to Rs. 245.25 lakhs for the Assessment Years 2013 14 to 2024 25 except for Assessment Year 2022 23 for which the order including the penalty order is still awaited. The total demand orders against assessment year 2022 23 amounts to Rs. 756.75 lakhs including penalties. <BR> As per Companys 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 results. <BR> <BR> 5.Effective 21 November 2025 The Government of India has consolidated multiple existing labour legislations into a unified framework comprising four Labour Codes collectively referred to as the New Labour Codes. These legislative changes have revised the definition of wages for the purpose of computation of employee benefits and expanded the scope and eligibility of certain employee related social security benefits. <BR> Following a comprehensive assessment conducted by the Company information currently available and consistent with the FAQs on key accounting implications arising from the New Labour Codes issued by the Institute of Chartered Accountants of India the Company has evaluated the incremental impact resulting from the implementation of these codes. Given the materiality regulatory driven nature and non recurring aspect of this impact the Company has recognized an exceptional item in the financial results in the quarter ended December 31 2025 and year ended March 31 2026 amounting to Rs.137.37 lakhs which includes gratuity and compensated absences. <BR> The Company will continue to monitor developments and clarifications from the Government regarding other aspects of the New Labour Codes and will make appropriate accounting adjustments as necessary based on these developments. <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 75 i.e. Rs.1.50 per share of the face value of Rs. 2 each aggregating to Rs. 942.00 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 May 06 2026. <BR> <BR> 2025-04-012026-03-31AuditedStandalone19509514000528240001956233800016543770000272057000-21715000655820000101700000352938000106800500018972575000589763000-13737000576026000153914000-20000015371400004223120000000422312000-2160000420152000125600000221709990006.726.72006.726.720.00480.03730.1027Power and fuel47432000Freight19367000Repair and maintenance Building & Plant Machinery19298000Insurance4023000Research and development expenses3876000Consumption of stores and spares2719000Contract manpower and jobwork expenses115317000Legal and professional expenses14298000Technical know how fees and royalty8599000Other Expenses39799000Power and fuel172443000Freight71149000Repair and maintenance Building & Plant Machinery86640000Insurance20781000Research and development expenses14797000Consumption of stores and spares10284000Contract manpower and jobwork expenses439298000Legal and professional expenses72120000Technical know how fees and royalty27828000Other Expenses15266500029962140001184190000561195000003796300037963000968970003810688000602472000026345110001530860001653000101040001539900002953344000355581600073665040001256000002170999000229659900022965990003750430005505620009256050002765600060930000101419100012714600023738100029506550003188036000135958000345114000055056200054012000405571400050699050007366504000Other non-current financial assets37963000Other non-current assets96897000Other current financial assets153990000Other non-current financial liabilities550562000Other current financial liabilities135958000Contract Liabilities522607000Other current liabilities27955000100287000-47989000-6680150000-905850000-598900000606209000000352938000000038934100034840000684600000000-23010000630534000120656000000013947300001067087000000000003123100050948500000000000000000000063930000-160000-47202100000000000029714600050168000690800005514400000-47153800012352800001235280002955800015308600011410002886000-287000-726000-854000-2160000Bharat Seats Limited******Maruti Suzuki India Ltd.******Entities with Joint Control or significant influence over the CompanySale of goods or services24000000000Approved702603500014927350001719161000Bharat Seats Limited******NDR Auto Components Ltd.******Entities with Joint Control or significant influence over the CompanySale of goods or services500000000Approved1874900000Bharat Seats Limited******Suzuki Motorcycle India Pvt. 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