Bharat Seats Limited, at its board meeting held on 1st February, 2024, accepted the resignation of Mr. Sanjeev Kumar from the position of Chief Financial Officer of the Company with effect from the close of business hours of February 8, 2024. The board appointed Mr. Vinod Kumar as Chief Financial Officer designated as Key Managerial Personnel of the Company with effect from February 9, 2024. The said appointment is based on the recommendation of the Nomination and Remuneration Committee and Audit Committee of the Company.

The board also approved the re-constitution of following Committees of the Board with effect from April 1, 2024: Audit Committee; Stakeholders Relationship Committee; Nomination and Remuneration Committee; and CSR Committee. Mr. Sanjeev Kumar has been associated with the Company for more than 35 years and has a tremendous contribution in the growth of the Company. As a part of strategic talent management agenda, the Management has decided to move Mr. Sanjeev Kumar from the position of Chief Financial Officer to a new role in Commercial department from 9th February, 2024.

Mr. Vinod Kumar is a qualified Chartered Accountant with over 20 years of rich experience including 16 years of experience in automobile sector with listed Companies. He has extensive knowledge and practical experience in the field of Audit, Direct taxes, Indirect tax, Internal Control and Accounting concepts. He is presently CFO of NDR Auto Components Limited.