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Bharat Seats Ltd.

BSE: 523229 Sector: Auto
NSE: N.A. ISIN Code: INE415D01024
BSE 00:00 | 24 Apr Bharat Seats Ltd
NSE 05:30 | 01 Jan Bharat Seats Ltd

Regarding Change In Promoters(Cessation Of Sharda Motor Industries Limited And Entry Of NDR Auto Com

April 16, 2020, 5:26 pm | Source: BSE

This is to inform that one of the Promoter Group Company Sharda Motor Industries Limited has transferred 9000000 Equity Shares of Company on 11.04.2020 and its current shareholding as on date in the Company has decreased to Nil from 28.66 %. Further with the above Sharda Motor Industries Limited does not hold any share in the Company and as such shall no longer be part of PROMOTER GROUP as defined under clauses (zb) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2009. Further to inform that another Promoter Group Company NDR Auto Components Limited has acquired 9000000 Equity Shares of Bharat Seats Limited (the Company) on 11.04.2020 from Sharda Motor Industries Limited another Promoter Group Company. The said change in Promoters is as per the Scheme of Arrangement which was approved by Honble National Company Law Tribunal vide its orders dated 20.02.2020.