Bharat Seats Limited Announces Retirement of Senior Management Personnel

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Bharat Seats Limited Announces Retirement of Senior Management Personnel

Team Finance Saathi

24/Dec/2024

What's covered under the Article:

Bharat Seats Limited informs about the retirement of senior management personnel, Ms. Padma Panikkar.
The change takes effect from the close of business hours on December 24, 2024.
The company confirms no further appointments or changes in relationships between directors.

Bharat Seats Limited, a leading manufacturer in the automotive seat industry, has announced a significant change in its senior management personnel (SMP). The company has disclosed that Ms. Padma Panikkar, a senior figure in the organization, will be retiring from her position. This decision is in line with the company's internal succession plans and comes as part of the regular business cycle of managing leadership transitions.

As per the regulations set out by the Securities and Exchange Board of India (SEBI) under the Listing Obligations and Disclosure Requirements (LODR) regulations, Bharat Seats Limited has duly informed the BSE regarding this change in leadership. This announcement ensures compliance with SEBI's regulatory framework and provides transparency in corporate governance matters.

The retirement of Ms. Padma Panikkar will take effect at the close of business hours on December 24, 2024. The company has confirmed that no other changes are being made to its senior management team at this point, and there are no new appointments in connection with this transition.

The retirement of Ms. Panikkar does not involve any related-party transactions, and as per the company’s disclosure, there are no additional details regarding the relationships between directors. This is in accordance with the requirements set forth in SEBI's circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring that shareholders and stakeholders are fully informed.

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Bharat Seats Limited Announces Retirement of Senior Management Personnel

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