Maruti Suzuki India Limited has submitted a disclosure to the stock exchanges regarding its shareholding in Bharat Seats Limited for the financial year ended March 31, 2026. The filing was made in accordance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The disclosure provides details on the promoter's shareholding and any encumbrances created, invoked, or released during the reporting period.

The document confirms that Maruti Suzuki India Limited acts as a promoter in Bharat Seats Limited. As of the reporting date, the company holds a significant portion of the target company's equity. The disclosure was formally addressed to the General Manager of BSE Limited and the Vice President of the National Stock Exchange of India Limited to ensure the information is placed on record.

Shareholding and Encumbrance Details

The disclosure outlines the specific shareholding figures and the status of encumbrances. The data indicates that Maruti Suzuki India Limited holds a total of 93,00,000 shares in the target company. This represents 14.81% of the total share capital and 14.81% with respect to the diluted share capital of Bharat Seats Limited.

Status of Encumbrance

According to the filing, there were no encumbrances reported on the shares held by Maruti Suzuki India Limited in Bharat Seats Limited during the specified period. The details regarding the creation, invocation, or release of any pledge, lien, or non-disposal undertaking were marked as not applicable (NA). Consequently, the post-event holding of encumbered shares remains consistent with the total shares held, as no new encumbrances were recorded.

Bharat Seats Limited has reported its audited financial results for the quarter and year ended March 31, 2026. The company's total income from operations for the full year stood at ₹1,95,623.38 lakhs, while net profit after tax increased to ₹4,223.12 lakhs from ₹3,270.03 lakhs in the previous year. The board has recommended a dividend of 75%, or ₹1.50 per equity share, subject to shareholder approval.

Full-Year Financial Performance

For the year ended March 31, 2026, the company recorded a total comprehensive income of ₹4,201.52 lakhs. Other equity as shown in the audited balance sheet stood at ₹21,709.99 lakhs, with equity share capital remaining stable at ₹1,256.00 lakhs. Basic and diluted earnings per share (EPS) for the year were ₹6.72.

The following table presents the key financial metrics for the year ended March 31, 2026, alongside comparative figures:

Quarterly Highlights

For the quarter ended March 31, 2026, total income from operations was ₹57,485.11 lakhs, compared to ₹49,195.67 lakhs in the preceding quarter and ₹39,419.42 lakhs in the corresponding quarter of the previous year. Net profit after tax for the quarter stood at ₹1,325.31 lakhs, against ₹990.04 lakhs in Q3 FY26 and ₹1,138.85 lakhs in Q4 FY25.

Board Decisions and Future Outlook

The Board of Directors, at their meeting held on May 06, 2026, approved the audited financial results and recommended a final dividend of ₹1.50 per share. The record date for the dividend is July 17, 2026. Additionally, the board approved capital expenditure of approximately ₹86.61 crores for new programs of Maruti Suzuki India Limited at the company's plants in Kharkhoda and Gujarat Navyani. The 39th Annual General Meeting is scheduled for July 24, 2026.