Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Bata India Limited has informed about Income Tax Order
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Awaiting price reaction for this filing.
Bata India has received a notice of demand under Section 156 of the Income-Tax Act, 1961 from the Income Tax Department's Assessment Unit. Along with the demand, penalty proceedings under Section 270A have been initiated against the company for alleged under-reporting of income for Assessment Year 2022-23. The company received this communication on May 2, 2025. Notably, the specific monetary amount of the tax demand has not been disclosed in the filing. Bata India has stated it believes it has a strong case to defend the matter before the appropriate authorities and expects no material financial impact.
The filing is procedural and the company has downplayed the financial impact, but investors should watch for the actual tax demand amount and any future updates on the defense. No immediate material impact on stock price is expected, though it adds to routine tax-related uncertainty.