BHARAT SEATS : TO ACQUIRE 26% STAKE IN SOLAR SPV FOR RS 99 L

• Board approved investment in equity shares of a proposed SPV amounting to ₹99 L, in one or more tranches • SPV proposed to be incorporated for setting up, generating and distributing solar power in India • Acquisition is 26% equity in the SPV on cash consideration • Purpose is to avail captive open access solar power and increase renewable energy utilisation in Haryana • SPV is yet to be incorporated with nil turnover; transaction is not a related party transaction • Board also approved unaudited financial results for the quarter and six months ended September 30, 2026; limited review report has no qualification or adverse remark

Bharat Seats Ltd-$

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