Rohit Relan family trust acquires significant Bharat Seats stake in reorganization

Rohit Relan Family Trust has acquired 1,02,88,358 equity shares (16.38%) of Bharat Seats Limited through a direct acquisition on September 26, 2025. This transaction is part of an internal reorganization and succession planning within the promoter's family. Additionally, the trust indirectly acquired shares through a 73.13% acquisition of NDR Auto Components Limited, which holds 28.66% of Bharat Seats equity.

The acquisition was executed without consideration, as an inter-se transfer by way of gift, and has been granted an exemption from open offer requirements under Regulation 11(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, effective September 4, 2025. This exemption acknowledges that the transaction is non-commercial, will not affect public shareholding, and is intended for family welfare and streamlining succession.

Post-acquisition, the total promoter shareholding remains 74.66%, with Rohit Relan Family Trust holding 16.38% of Bharat Seats Limited. The acquisition ensures no change in control or public shareholding and is subject to compliance with SEBI regulations and the Companies Act, 2013.