Rohit Relan Family Trust to acquire 16.38% shares of Bharat Seats via inter-se promoter transfer

* Rohit Relan Family Trust (Acquirer) proposes to acquire 1,02,88,358 equity shares, representing 16.38% of Bharat Seats Limited's total share capital, from existing promoters. * The shares will be acquired from Rohit Relan, Rohit Relan (jointly with Ritu Relan), Ritu Relan (jointly with Rohit Relan), Rishabh Relan (jointly with Rohit Relan), Pranav Relan (jointly with Rohit Relan), and Ayush Relan (jointly with Rohit Relan). * The acquisition is scheduled to occur on or after 26th September, 2025. * The transaction is an inter-se transfer between promoter/promoter group and the Trust, controlled by promoter family members, without any monetary consideration. The transferors will execute gift deeds. * The Rohit Relan Family Trust has been granted an exemption by SEBI from complying with Regulations 3, 4, and 5 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SAST Regulations) under Regulation 11(5). This exemption was granted vide order WTM/ KCV/ CFD/03/2025-26 dated 4th September, 2025. * The rationale for this proposed transfer is an internal re-organization/family arrangement for the benefit of the promoter family and their lineal descendants. * Post-acquisition, the Acquirer will become part of the Promoters of the Target Company. However, there will be no change in the control of Bharat Seats Limited, and the pre-acquisition and post-acquisition shareholding of the Promoters and Promoter Group will remain substantially the same.