Bata India Limited — Others, 23-12-2024: Change in Management

Bata India Limited’s Board has appointed Mr. Amit Aggarwal as Whole-Time Director and Chief Financial Officer for five years, effective immediately, subject to shareholder approval. He brings over 20 years of expertise in financial management and business strategy, formerly serving as CFO at SUGAR Cosmetics and holding key positions at Marico and Nestle. Mr. Durgesh Singh, who briefly served as CFO, will step down. This leadership change aims to strengthen financial governance and operational efficiency. Investor sentiment may trend positively given Mr. Aggarwal’s extensive background, signaling potential for enhanced strategic execution.