Bharat Seats announced that the Board of Directors of the Company at its meeting held on 12 June 2020, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 25%) , subject to the approval of the shareholders.

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Bharat Seats announced that the 33th Annual General Meeting (AGM) of the company will be held on 21 September 2020.

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Net loss of Bharat Seats reported to Rs 0.62 crore in the quarter ended March 2020 as against net profit of Rs 4.75 crore during the previous quarter ended March 2019. Sales declined 36.69% to Rs 123.75 crore in the quarter ended March 2020 as against Rs 195.47 crore during the previous quarter ended March 2019.

For the full year,net profit declined 41.55% to Rs 12.52 crore in the year ended March 2020 as against Rs 21.42 crore during the previous year ended March 2019. Sales declined 34.86% to Rs 588.57 crore in the year ended March 2020 as against Rs 903.57 crore during the previous year ended March 2019.

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Bharat Seats will hold a meeting of the Board of Directors of the Company on 12 June 2020.

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