Bata India Ltd has communicated the tax deduction at source (TDS) provisions applicable to the dividend of ₹9 per equity share recommended for the financial year ended March 31, 2026. The company specified that the dividend, if approved at the Annual General Meeting on August 12, 2026, will be subject to withholding tax in accordance with the Income-tax Act, 2025. Shareholders must ensure their records are updated and submit required documents by July 22, 2026, to facilitate the correct deduction of tax.

The Board of Directors recommended the dividend, amounting to 180% of the face value of ₹5 per share, at its meeting held on May 27, 2026. The record date for determining shareholder eligibility has been fixed as July 31, 2026. The company emphasized that dividend income is taxable in the hands of shareholders and that it is obligated to deduct TDS at applicable rates.

For resident shareholders, the TDS rate varies based on the dividend amount and the availability of a valid Permanent Account Number (PAN). No tax will be deducted if the total dividend for the financial year does not exceed ₹10,000, provided the PAN is available. For other resident shareholders with a valid PAN, the TDS rate is 10%. In cases where the PAN is invalid, inoperative, or not available, the tax deduction rate increases to 20%. Resident members seeking lower or nil deduction must submit specific forms such as Form 121 or a lower tax withholding certificate under Section 395(1) of the IT Act.

Non-resident members face a standard withholding rate of 20% plus applicable surcharge and cess. However, they may opt for the beneficial rate specified under the relevant Double Taxation Avoidance Agreement (Tax Treaty) if applicable. To avail treaty benefits, non-resident shareholders must submit documents including a Tax Residency Certificate (TRC), Form 41, and a self-declaration confirming their tax residency and beneficial ownership status. Specific categories, such as Category I Foreign Portfolio Investors and Alternative Investment Funds located in International Financial Services Centres, are subject to a 10% tax rate.

The company has stipulated that documents must be submitted to its Registrar and Share Transfer Agent, M/s. MUFG Intime India Private Limited, on or before July 22, 2026. Any documents received after this date will be accepted at the sole discretion of the company. Bata India clarified that tax deducted based on the information available will be considered final, and no subsequent refunds or adjustments will be made. Shareholders are advised to consult their tax advisors for guidance on their specific tax liabilities.

Applicable TDS Rates for Resident Members

Key Deadlines and Details

• Record Date: July 31, 2026
• AGM Date: August 12, 2026
• Document Submission Deadline: July 22, 2026
• RTA: M/s. MUFG Intime India Private Limited

Bata India Limited has announced a leadership transition, appointing Sanjay S. Rao as its next Managing Director and CEO effective October 1, 2026. The decision aims to steer the footwear major into its next phase of accelerated growth, leveraging Rao's extensive retail experience to strengthen consumer relevance and market presence.

The Board of Directors approved the appointment based on the recommendation of the Nomination and Remuneration Committee. Rao will initially join the company as a Whole-time Director and CEO on August 24, 2026, serving in this capacity until September 30, 2026. Subsequently, he will assume the role of Managing Director and CEO for a five-year term ending August 23, 2031, subject to necessary regulatory and shareholder approvals.

Sanjay S. Rao succeeds Gunjan Shah, who will complete his five-year term as Managing Director and CEO on September 30, 2026. The Board placed on record its appreciation for Shah's leadership and contribution to the company during his tenure.

Rao brings over two decades of retail and consumer leadership experience across India, South Asia, China, and Europe. He joins Bata India from Nike, where he served as Senior Director, Nike Retail, overseeing the France and Benelux markets. Previously, he played a pivotal role in establishing Zara's business in India through a joint venture with the Tata Group and has held senior positions at Inditex and Guess.

Panos Mytaros, Chief Executive Officer of Bata Group, highlighted India as a critical market for the group's long-term growth. He expressed confidence that Rao's international perspective and understanding of the Indian market make him the right leader to drive future momentum. Ashwani Windlass, Chairman of Bata India, also welcomed Rao, citing his versatile background and proven track record as key assets for the company.

The company affirmed that the appointment complies with SEBI regulations regarding the eligibility of directors. Further details regarding the transition will be disclosed in accordance with applicable regulatory requirements.