Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, Bata India has informed about changes in SMP
BATAINDIA · price
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Awaiting price reaction for this filing.
Bata India announced three changes within its senior merchandising team. Mr. Uttam Kumar, currently Regional Director – Product & Merchandising (APAC) at Bata Group with 20+ years in retail and footwear, will be appointed as Senior Vice President – Merchandising & Replenishment on or before July 31, 2025. Mr. Satyam Sharma resigned as Head – Merchandising effective May 5, 2025, citing personal commitments. Mr. Kandarp Asher, current VP – Replenishment, will move internally to Category Lead – Merchandising and will cease to be classified as SMP. The reshuffle appears to be a planned restructuring of the merchandising function, with the new SVP bringing international APAC experience.
Routine senior management reshuffle within the merchandising team — no change in CEO, CFO, or board composition. Limited near-term impact on stock price expected, though investors may view the appointment of an experienced international hire as a positive signal for the merchandising and product strategy.