Bata India receives GST demand and penalty of Rs 29.70 lakh

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BATAINDIA · price

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Price reactionminutes from the announcement price · days from the prior close

-1.5%Reaction day

₹1065.00

prior close

₹1050.70

announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-1.5%+0.0% vs market

Footwear peers, median of 10sector-1.1%-0.3% vs sector

On the reaction day the stock moved in line with Nifty Smallcap 250 and 0.3 pts less than its Footwear peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Bengaluru tax authorities issued a demand order for Rs 29,69,527 for FY 2022-23, relating to input tax credit claims not complying with applicable laws. Tax and interest are also payable. Bata India plans to defend the matter and believes it has a strong case.

Likely market impact

The demand may affect near-term cash flow, but the company expects no material financial impact and plans to contest it.