Relan family trust to acquire significant stake in Bharat Seats

The Rohit Relan Family Trust is set to acquire 10,288,358 (16.38%) equity shares of Bharat Seats Limited, each valued at 2 rupees, on or after September 26, 2025. This direct acquisition involves shares from members of the Relan family, including Rohit Relan, Ritu Relan, Rishabh Relan, Pranav Relan, and Ayush Relan, who are also considered "transferors."

In an indirect acquisition, the acquirer trust will also acquire 73.13% of NDR Auto Components Limited, which itself holds a 28.66% stake in Bharat Seats. The proposed transaction is an inter-se transfer between the promoter/promoter group and the trust, with no monetary consideration, pursuant to an exemption granted by SEBI. This internal reorganization aims to streamline succession and family welfare without changing the overall control of the target company.

The acquisition has been granted an exemption from certain SEBI Takeover Regulations via an order dated September 4, 2025. This exemption is valid for one year, during which the acquisition must be completed. Post-acquisition, the promoters and promoter group's shareholding in Bharat Seats will remain unchanged in substance at 74.66%.