Bata India Limited — Others, 17-03-2025: Action(s) taken or orders passed

Bata India Limited has announced a board meeting to discuss a demand order from the Income Tax Officer regarding a non-deduction of Tax Deducted at Source (TDS) on certain remittances from the financial year 2018-19. The company faces a tax demand of ₹43.78 crore, including interest liabilities. However, it is confident in its ability to contest this order, suggesting no significant financial impact is anticipated. This development may create a neutral sentiment among investors, as the company aims to mitigate potential risks effectively while focusing on operational stability.