Bata India has informed that the Board of Directors of the company has today, on December 30, 2024, considered and approved introduction of a Voluntary Retirement Scheme (VRS) for all eligible workmen at the Bata Shatak Unit, Hosur. The Company believes that implementation of the VRS will be mutually beneficial to the workmen and the Company. Status of implementation of the aforesaid VRS and financial impact thereof will be ascertained and communicated in due course, as per the Company’s Policy for Determination of Materiality of an Event/information. Other disclosures in terms of the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 that are not applicable to the above have not been separately commented upon.
The above information is a part of company’s filings submitted to BSE.
