Bata India Limited — Audit Report / Information 2024

May 29, 2024

May 29, 2024

The Manager	The Manager	The Secretary
Corporate Relationship Department	Listing Department	The Calcutta Stock Exchange
BSE Limited	National Stock Exchange of India Limited	Limited
st Floor, New Trading Wing,1	Exchange Plaza, 5th Floor,	7, Lyons Range,
Rotunda Building,	Plot No. C-1, Block G,	Kolkata - 700001
P J Towers, Dalal Street, Fort,	Bandra Kurla Complex, Bandra (E),
Mumbai - 400001	Mumbai - 400051

BSE Security Code: 500043 NSE Symbol: BATAINDIA CSE Scrip Code: 10000003

Dear Sir/Madam,

Subject: Outcome of Board Meeting

1. Audited (Standalone and Consolidated) Financial Results along with Auditor's Report thereon for the quarter and financial year ended March 31, 2024

In compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (as amended) (the "SEBI Listing Regulations"), the Audited (Standalone and Consolidated) Financial Results of Bata India Limited (the "Company") for the quarter and financial year ended March 31, 2024 were approved at the meeting of the Board of Directors held today, i.e., May 29, 2024, which commenced at 4:00 P.M. (IST) and concluded at 7:00 P.M. (IST) (the "Meeting").

In this regard, we enclose herewith the aforesaid Results in the prescribed format alongwith the Auditor's Report containing unmodified opinion as received from the Statutory Auditors of the Company and a declaration with respect to the Audit Report with unmodified opinion on the aforesaid Results.

2. Dividend, AGM and Book Closure

The 91st Annual General Meeting ("AGM") of the Members of the Company will be held through Video Conferencing ("VC") or Other Audio Visual Means ("OAVM") on Wednesday, August 7, 2024.

The Board at the Meeting recommended a Dividend of Rs. 12**/-** (240%) per equity share of Rs. 5/- each, fully paid-up of the Company, for the financial year ended March 31, 2024, for approval of the Members at the AGM. The payment of dividend, is subject to approval of the shareholders, at the AGM.

Pursuant to Regulation 42 of the SEBI Listing Regulations, the Share Transfer Books and Register of the Members will remain closed from Thursday, August 1, 2024 to Wednesday, August 7, 2024 (both days inclusive) for the purpose of the 91st AGM and payment of Dividend.

Dividend on Equity Shares, if declared, at the 91st AGM will be paid from Thursday, August 22, 2024 onwards to those Members who are entitled thereto.

3. Change of Directors

The Board at the Meeting, based on the recommendation of the Nomination and Remuneration Committee (NRC), has approved the appointment of Mr. Mukesh Hari Butani (DIN: 01452839) as an

Additional Director (Independent Director) of the Company, for a term of 5 (five) consecutive years with effect from June 1, 2024, subject to approval of the Members of the Company.

At the said Meeting, the Board, based on recommendation of NRC, has also recommended the reappointment of Mr. Ashwani Windlass (DIN: 00042686) as an Independent Director of the Company, for a second term of 5 (five) consecutive years commencing from November 13, 2024, for approval of the Members of the Company.

Further, pursuant to Stock Exchange Circulars dated June 20, 2018, regarding Enforcement of SEBI Orders regarding appointment of Directors by Listed Companies, we specifically affirm that none of the aforesaid Directors are debarred from holding the office of director by virtue of any SEBI order or any other such authority.

Further, Mr. Mukesh Hari Butani and Mr. Ashwani Windlass do not hold any Equity Shares in the Company.

The details, pertaining to the aforesaid changes, as required under Regulation 30 of the SEBI Listing Regulations, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, are provided as an Annexure hereto.

The above information shall also be made available on Company's website www.bata.in

We request you to take the same on record.

Thanking you,

Yours faithfully, For BATA INDIA LIMITED NITIN BAGARIA AVP (Special Projects) – Company Secretary & Compliance Officer NITIN BAGARIA Digitally signed by NITIN BAGARIA

Encl.: As above

Requisite Details in terms of SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023

Nameofthe	Mr. Ashwani Windlass	Mr. Mukesh Hari Butani
Director
Reason forchange viz.appointment, reappointment,resignation,removal, death orotherwise	Re-appointment	Appointment
Date ofappointment / reappointment /cessation (asapplicable) &term ofappointment / reappointment	W.e.f. November 13, 2024, for asecond term of 5 (five) consecutiveyears.	W.e.f. June 1, 2024, for a term of 5 (five)consecutive years.AppointedasanAdditionalDirector(Independent Director) of the Company to holdoffice in terms of Section 161(1) of theCompanies Act, 2013 (as amended).
Brief Profile (incase ofappointment)	Mr. Ashwani Windlass, has spentmore than four decades in topmanagement roles with first-handexperience in both tradiƟonal andnew age technology companies.With an excepƟonal track record invalue creaƟon, he now mentors topCEOs/Boards.Mr. Windlass is an MBA from FMS,Delhi University, he holds a B.Comdegree with a gold medal and postgraduaƟon in Journalism (B.J.) fromPunjab University, Chandigarh.Since 2008, he has been Chairman –SA & JVs, MGRM Inc., USA, a globalresearchiniƟaƟveonhumanlifecycle-based services. He is on theBoard of several leading companies,includingHitachiMGRMNetLimited, Vodafone Idea Limited, HT	Mr. Mukesh Hari Butani is a Commercegraduate from the University of Bombay andholds a Bachelor's degree in Law. He qualifiedas a Chartered Accountant in 1985.Mr. Butani is the founder and managing partnerof BMR Legal Advocates, a law firm specialisingin the areas of corporate international tax,M&A,withexpertiseincontroversymanagement, strategic transaction advisoryand tax policy. With specialisation in domesticcorporate tax and corporate laws, Mr. Butanihas over three and a half decades of experienceinadvisingmultinationalsandIndianconglomerates on a wide range of mattersrelatingtoFDIpolicy,businessreorganisations, structuring, controversy andregulatory policy. Specifically, he has advisedseveral multinationals on a host of contracts,joint ventures, franchise structuring.

BATA INDIA LIMITED

MediaLimitedandJubilantFoodworks Limited.He has served on the Board of MaxIndiaLimited/MaxFinancialServices Limited for more than 25years.He established and managed over adozen-plus new ventures with theworld'sleadingcorporaƟons–HutchisonGroup,HongKong;BriƟshTelecom,UK;ComsatCorporaƟon, USA; Avnet, USA; RoyalDSM, Holland; Total Group, France;HitachiLimited,Japan,amongothers.	He is an acknowledged expert in the area ofpublic policy, focusing on tax and business law.He has assisted several senior counsels and hastohiscreditseverallandmarkjudicialpronouncementsanddepositionsbeforeexpert committees. He has been deposed as anexpert witness on contentious cross-border taxtreaties, in foreign jurisdictions. His authorshipsinclude Transfer Pricing–The Indian Landscape,wherein he has analysed cross-border anddomestic transactions from corporate law,capitalmarketsandtreatyregulations,Taxpayer Rights – Deciphering the IndianCharter and co-editing credits to the GeneralAnti-Avoidance Rules: The Final Tax Frontier.
He has been the Founder ManagingDirector of Hutchison Max Telecom(later rechristened Vodafone IndiaLimited)andViceChairman&ManagingDirectorofRelianceTelecomLimited&ExecuƟveChairman - MGRM.	He has been recognised by national andinternational fora and rankings such as the IBLJA-Star List of top 100 Lawyers, the Legal 500,Chambers & Partners Icon Ranking and Star forBenchmarkLitigation,amongothers,consistently for over a decade.
He has also anchored key policyiniƟaƟveswithseveralGovernmentsandregularlycontributes to editorial columns.	He co-founded and was the Chairman of BMRAdvisors, which was amongst India's leadingprofessional services firm with competencies inthe area of Tax M&A and Risk Advisory services,until it transitioned into Big 4 firms in 2017. The
Priorappointment(s)intheCompany:During the financial year endedMarch31,2020,anOrdinaryResoluƟonwaspassedthrough	firm was featured in 2016 Harvard BusinessReview case study, 'BMR Advisors: Competingon Quality', taught in leading business schoolsin the U.S. & Indian Institute of Management inIndia.
Postal Ballot for appointment of Mr.AshwaniWindlassasanIndependent Director to hold officefor a term of 5 (five) consecuƟveyears with effect from November13, 2019 upto November 12, 2024.	Prior to founding BMR legal Advocates in 2010,Mr. Butani led the International Tax & TransferPricing practice for two of the Big 4 firms andwas part of their leadership teams. Afterqualifying as a Chartered Accountant, he spentmost of his professional life with Arthur
He is also the Chairman of the Boardof Directors of the Company.	Andersen wherein he became a NationalPartner in 1995 and a Partner in AndersenWorldwide in 1998.
	He served as a member of the Focus Group onadministrative practices on tax disputes underDr. P. Shome-led Tax Administration Reform

BATA INDIA LIMITED CIN: L19201WB1931PLC007261 Registered Office: 27B, Camac Street, 1st Floor, Kolkata-700016, West Bengal II Tel.: (033) 23014400 II Fax: (033) 22895748 E-mail: in-customer.service@bata.com II Website: www.bata.in

		Commission (TARC) set up in August 2013. Mr.
		Butani participated in the group of experts and
		economists before NITI Aayog (2014) and is a
		member of 'Champions of Change' initiative of
		NITIAayog,apolicythink-tankofthe
		Government of India chaired by the Indian
		Prime Minister.
		He is also on the Board of several leading
		companies, including Hitachi Energy India
		Limited, Dabur India Limited, United Spirits
		Limited and Latent View Analytics Limited.
Disclosureof	Not related to any Director of the	Not related to any Director of the Company.
relationships	Company.
between directors
(incaseof
appointment of a
director)

Price Waterhouse Chartered Accountants LLP

INDEPENDENT AUDITOR'S REPORT

To the Board of Directors of Bata India Limited

Report on the Audit of Standalone Annual Financial Results

Opinion

• 1. We have audited the standalone annual financial results of Bata India Limited (hereinafter referred to as the 'Company") for the year ended March 31, 2024 and the standalone balance sheet and the standalone statement of cash flows as at and for the year ended on that date, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the 'Listing Regulations') which has been initialled by us for identification purposes.
• 1. In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone annual financial results:

(i) are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and

(ii) give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 (the "Act") and other accounting principles generally accepted in India, of net profit and other comprehensive income and other financial information of the Company for the year ended March 31, 2024 and the standalone balance sheet and the standalone statement of cash flows as at and for the year ended on that date.

Basis for Opinion

1. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Act and other applicable authoritative pronouncements issued by the Institute of Chartered Accountants of India. Our responsibilities under those Standards are further described in the 'Auditor's Responsibilities for the Audit of the Standalone Annual Financial Results' section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.

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Registered office and Head office: Sucheta Bhawan, 11A Vishnu Digambar Marg, New Delhi 110 002

Price Waterhouse (a Partnership Firm) converted into Price Waterhouse Chartered Accountants LLP (a Limited liability Partnership with LLP identity no: LLPIN AAC-5001) with effect from July 25, 2014. Post its conversion to Price Waterhouse Chartered Accountants LLP, its ICAI registration number is 012754N/N500016 (ICAI registration number before conversion was 012754N)

INDEPENDENT AUDITOR'S REPORT To the Board of Directors of Bata India Limited Report on the Standalone Annual Financial Results Page 2 of 4

Board of Directors' Responsibilities for the Standalone Annual Financial Results

• 1. These Standalone annual financial results have been prepared on the basis of the standalone annual financial statements. The Company's Board of Directors are responsible for the preparation and presentation of these standalone annual financial results that give a true and fair view of the net profit and other comprehensive income and other financial information of the Company and the standalone balance sheet and the standalone statement of cash flows in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance vvith Regulation 33 of the Listing Regulations. The Board of Directors of the Company are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the standalone annual financial results by the Directors of the Company, as aforesaid.
• 1. In preparing the standalone annual financial results, the Board of Directors of the Company are responsible for assessing the ability of the Company to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
• 1. The Board of Directors of the Company are responsible for overseeing the financial reporting process of the Company.

Auditor's Responsibilities for the Audit of the Standalone Annual Financial Results

• 1. Our objectives are to obtain reasonable assurance about whether the standalone annual financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone annual financial results.
• 1. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

INDEPENDENT AUDITOR'S REPORT To the Board of Directors of Bata India Limited Report on the Standalone Annual Financial Results Page 3 of 4

• Identify and assess the risks of material misstatement of the standalone annual financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls. (Refer paragraph 11 below)
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
• Conclude on the appropriateness of the Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the standalone annual financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the standalone annual financial results, including the disclosures, and whether the standalone annual financial results represent the underlying transactions and events in a manner that achieves fair presentation.
• 1. We communicate with those charged with governance of the Company regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matters

1. The standalone annual financial results include the results for the quarter ended March 31, 2024 being the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year, which are neither subject to limited review nor audited by us.

INDEPENDENT AUDITOR'S REPORT To the Board of Directors of Bata India Limited Report on the Standalone Annual Financial Results Page 4 of 4

1. The standalone annual financial results dealt with by this report has been prepared for the express purpose of filing with the National Stock Exchange of India Limited, BSE Limited and the Calcutta Stock Exchange Limited. These results are based on and should be read with the audited standalone financial statements of the Company for the year ended March 31, 2024 on which we issued an unmodified audit opinion vide our report dated May 29, 2024.

For Price Waterhouse Chartered Accountants LLP Firm Registration Number:012754N/N500016

��

Rajib Chatterjee Partner Membership Number: 057134 UDIN: 24057134BKGUAL9460

Place: Gurugram Date: May 29, 2024

BATA INDIA LIMITED REGD. OFFICE: 278, CAMAC STREET, 1st FLOOR, KOLKATA 7000161 CIN: L19201WBl931PLC007261 Telephone: 033 23014400, Fax: 033 228957481 E-mail: in-customer.service(albata.com; Website: www.bata.in STATEMENT OF STANDALONE AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31st MARCH 2024

						(/11 R.. millio11 except per share data)
S.No.	Particulars	Quarter ended31st March 2024(refer note 5)	Quarter ended31st December 2023	Quarter ended31st March 2023(refer note 5)	Year ended31st March 2024	Year ended31st March 2023
		Audited	Unaudited	Audited	Audi1ed	Audited
	aRevenue from operations	7.976.74	9,034.72	7.785.85	34,784. I 3	34,515.68
	b Other income	220.12	107.92	126.07	614.73	373.51
I	Total Jncome	8,196.86	9,142.64	7,911.92	35,198.86	34,889.19
	Expenses
	Cost of raw materials and components consumeda	592.93	499.06	646.77	2,301.52	2.616.15
	b Purchases of stock-in-trade	3,169.90	3,054.95	3.205.67	12,979.65	12,881.05
	Changes in inventories of finished goods, stock-in-trade and work-in-progressC	(573.17)	424.89	(614.17)	(336.59)	(360.93)
	Employee benefits expensed	1,051.36	1,025.05	1,039.35	4,182.56	4.186.94
	e Finance costs	309.20	293.44	272.05	1,167.92	1.078.52
	r Depreciation and amortisation expense	901.93	858.83	764.67	3,386.14	2,947.41
	g Other expenses	1,941.94	2,213.21	1,715.75	7,822.34	7,283.75
2	Total Exoenses	7,394.09	8,369.43	7,030.09	31,503.54	30,632.89
3	P.-ofil before exceptional item and tax (1-2}	802.77	773.21	881.83	3,895.32	4,256.30
4	Exceptional item {refer note 4)
	- Expense towards YRS				409.00
s	Profit before tax {3-4)	802.77	773.21	881.83	3,486.32	4,256.30
6	Tax expense
	Current tax	181.44	264.67	248.95	1,013.31	1,157.11
	Deferred tax charoe/(credit)	18.48	(6455)	(22.69)	(126.24)	(91.98)
7	Profit for the oeriod/ vear (5-6)	602.85	573.09	655.57	2,599.25	3,191.17
8	Other comprehensive income
	(i) Items that will not be reclassified to profit or loss	39.22	(I.OJ)	23.31	(4.23)	13.75
	(ii) Income tax relatin£?. to items that will not be reclassified to orofit or loss	(9.87)	0.26	(5.86)	1.07	(3.46)
	Other comoreheosive income for the oeriod/year, nel of tax	29.35	(0.75)	17.45	(3.16)	10.29
	Total comprehensive income for the period/ year (7+8)	632.20	572.34	673.02	2,596.09	3,201.46
	Paid up equitJ share capital (Face value of Rs. 5/- each)	642.64	642.64	642.64	642.64	642.64
	Other equitJ				14,557.32	13,696.35
	Earnings per equit)• share of Rs. 5/- each
	Basic and Diluted (not annualised except for yearly figures) (Rs.)	4.69	4.46	5.10	20.22	24.83
	See accompanying notes to the standalone fmancial results.

Notes:

I The above standalone financial results were reviewed by the Audit Committee and thereafter approved by the Board of Directors at their respective meetings held on 29th May 2024. These standalone financial results have been prepared in confonnity with Indian Accounting Standards ('Ind AS') prescribed under Section 133 of the Companies Act, 2013 read together with the Companies (Indian Accounting Standards) Rules. 2015 (as amended) and in terms of Regulation 33 o the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended.

2 The Company operates in a single business segment, i.e., Footwear and Accessories.

3 Subsequent to the year ended 31st March 2024, the Board of Directors of the Company in their meeting dated 29th May 2024, have recommended a final dividend of Rs. 12.00 per share (240% on an equity share of par value of Rs. 5/� each). The pa)-1Tlent of final dividend is subject to approval of the shareholders at the ensuing Annual General Meeting of the Company.

4 During the year. a scheme for voluntary retirement (VRS) was intrcxluced at one manufacturing unit and Il\iR 409.00 million was offered for the same and is disclosed as an exceptional item.

5 The figures for the quarters ended 31st March 2024 and 31st March 2023 are balancing figures between audited figures in respect of the full financial year and the published year to date figures upto 31st December 2023 and 31st Decembe1 2022, respectively. Also, the figures upto the end of third quarter of the financial years were only reviewed and not subject to audit.

6 Subsequent to the year ended 31st March 2024, the Board of Directors of the Company on 26th April 2024, has approved the sale of the freehold industrial land to an unrelated party for a consideration of LNR 1,560.00 million (subject tc applicable duties, taxes and transaction charges) subject to necessary prcx:ess/formalities being completed. The sale deed has been executed and the total consideration has been received on the same date. The aforesaid land has beer classified as assets held for sale in the standalone balance sheet.

7 The report of staruto1y auditors is being filed with National Stock Exchange of India Limited, BSE Limited and The Calcutta Stock Exchange Limited. For more details on the financial results, please visit Investor Relations section of om website: www.bata.in and audited financial results at Corporate section of www.nseindia.com, www.bseindia.com and www.cse-india.com.

As atAs at31st March 202431st March 2023AuditedAuditedASSETSNon-current assets3,264.97Property, plant and equipment15.65Capital work-in-progress268.93Intangible assets	(In Rs. million)3,202.4716.14142.2221.57I 0,545.84
21.57Intangible assets under development
11,5 I 9.16Right-of-use assets
Financial assets
48.51(i) Investments1,284.26(ii) Other financial assets	48.511,214.88
1,266.73Deferred tax assets (net)	1,140.49
155.33Current tax assets (net)	230.09
115.23Other non-current assets	41.92
17,960.34Total non-current assets	16,604.13
Current assets
9,293.24Inventories	9,042.58
Financial assets
801.13(i) Trade receivables	825.54
490.77(ii) Cash and cash equivalents	745.47
3,538.57(iii) Bank balances other than (ii) above	4,486.44
(iv) Other financial assets363.39	376.91
Other current assets752.91	573.18
15,240.01	16,050.12
Assets classi tied as held for sale195.79	-
15,435.80Total current assets	16,050.12
33,396.14Total assets	32,654.25
EQUITY AND LIABILITIES
EQUITY
642.64Equity share capital	642.64
Other equity14,557.32	13,696.35
15,199.96Total equity	14,338.99
LIABILITIES
Non-current liabilities
Financial liabilities
I 0,8 I 3.78(i) Lease Liabilities	10,093.42
(ii) Other financial liabilities46.91	4.72
10,860.69Total non-current liabilities	I 0,098.14
Current liabilities
Financial liabilities
2,739.29(i) Lease Liabilities	2,356.68
(ii) Trade payables
(a) total outstanding dues of micro enterprises and small enterprises780.94	904.85
2,203.30(b) total outstanding dues of creditors other than (ii)(a) above	3,183.95
(iii) Other financial liabilities1,011.08	1,054.75
139.82Provisions	75.94
-Current tax liabilities (net)	9.35
Other current liabilities461.06	63 1.60
7,335.49Total current liabilities	8,217.12
18,196.18Total liabilities	18,315.26
33,396.14Total equity and liabilities-	32,654.25

	STANDALONE STATEMENT OF CASH FLOWS :
		For the year ended	(In Rs. million)For the year ended
		31st March 2024	31st March 2023
A	Cash flows from operating activities:	Audited	Audited
	Profit before tax	3,486.32	4,256.30
2	Adjustments for:
	Depreciation and amortisation expense	3,386.1-l	2,9-17.41
	Loss on sale/ disposal of property, plant and equipment (ne1)Allowance for doubtful debts and other financial assets	19.11	27.65
	Finance costs	6.101,167.92	83.361.078.52
	Bad debts written off	2.9-l
	Gain on remeasurement ofleases	(99.0-l)
	Allowance for loan in subsidiary	26.9-l	1.10
	Net exchange differences (unrealised)Finance income	(6.50)	(3.33)
3	Operating cash flon·s before changes in operating assets aud Ual,ilities (1+2)	(466.95)7,522.98	(352.0-l)8,038.97
4	Change in operating assets and Liabilities:Decrease/(lncrease) in trade receivables
	Increase in inventories	50.64(250.66)	(182.22)(333.50)
	(lncrease)/Decrease in other cu1Tent assets	(179.74)	49.39
	Increase in other current financial assets	(51.16)	(193.50)
	(lncrease)/Decrease in other non-current assets	(40.88)	31.09
	lncrease in other non-current financial assets	(93.12)	(32.12)
	(Decrease)/1.ncrease in other current liabilitiesDecrease in trade payables	(170.54)	229.32
	Increase/(Decrease) in current provisions	(1,097.88)59.65	(475.33)(0.13)
	(Decrease)/lncrease in other financial liabilities	(214.09)	148.70
	Decrease in non-current pro\·isions		(20.27)
	Changes in operating assets and liabilities	(1,987.78)	(778.57)
5	Cash generated from operations (3+4)	5,535.20	7,260.40
6	Less: Taxes paid [net of tax refw1d]	(946.85)	(971.78)
7	Net cash inflow from operating activities (5+6)	4,588.35	6,288.62
B	Cash flows from investing activities:
	Purchase of property, plant and equipment and intangible assets	(1,008.06)	(953.69)
	Proceeds from sale of property, plant and equipment	30.I I	13.36
	Loan to related party	(25.00)
	Repatment of loan by related party	4.00
	Investments in bank deposits (having original maturity of more than three months)	(5,257.92)	(10,751. IO)
	Proceeds from redemption of bank deposits (ha,·ing original maturity of more than three months)Interest received	6,200.75	15,759.58
		386.05	316.42
	Net cash inflow from investing activities	329.93	4,384.57
C	Cash flows from financing activities:
	Dividends paid (including amount transferred to Investor Education and Protection Fund)	(1,730.97)	(6,989.11)
	Payment of lease liabilities- Principle elements oflease payments
	- Interest paid on lease liabilities	(2,286.52)(1,140.28)	(2,059. I 5)(I ,056.75)
	Payment of liability towards license rights
	- Principle elements	(I 1.06)
	-Interest paid	(4.15)
	Net cash outflow from financing activities	(5,172.98)	(10,105.01)
D	Net (decrease)fmcrease in cash and cash equivalents (A+B+C)	(254.70)	568.18
	E 1 Cash and cash equivalents at the beginning of the financial year	745.47	177.29
	E2 Cash and cash equirnlents at the end of the financial year	490.77	745.47
	Net change in cash and cash equivalents (E2-E I)	(254.70)	568.18
		As at	As at
		31st March 2024	31st March 2023
	Components of cash and cash equivalents
	Balances with banks
	- In current accounts- Deposits with original maturity ofless than 3 months	428.07	376.09
	Cash on hand	62.70	330.0039.38
	Total cash and cash equivalents	490.77	745.47
	Non- cash investing activities:
	- Acquisiton of Right-of-use assets	3,881.14	3,966.06
	-Acquisiton of license rights	170.60
		Anil Ramesh Somani
	Place: GurugramDate: 29th May 2024	Director Finance & CFO

Price Waterhouse Chartered Accountants LLP

INDEPENDENT AUDITOR'S REPORT

To the Board of Directors of Bata India Limited

Report on the Audit of Consolidated Annual Financial Results

Opinion

• 1. We have audited the consolidated annual financial results of Bata India Limited (hereinafter referred to as the 'Holding Company") and its subsidiaries (Holding Company and its subsidiaries together referred to as "the Group"), (Refer note 1 to the consolidated financial results) for the year ended March 31, 2024 and the consolidated balance sheet and the consolidated statement of cash flows as at and for the year ended on that date, attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations') which has been initialled by us for identification purposes.
• 1. In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of reports of other auditors on separate audited financial statements of the subsidiaries, the aforesaid consolidated annual financial results:

(i) include the financial results of the following entities:

• a. Bata India Limited (Holding Company)
• b. Bata Properties Limited (Subsidiary Company)
• c. Way Finders Brands Limited (Subsidiary Company)

(ii) are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and

(iii) give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 (the "Act") and other accounting principles generally accepted in India, of net profit and other comprehensive income and other financial information of the Group for the year ended March 31, 2024 and the consolidated balance sheet and the consolidated statement of cash flows as at and for the year ended on that date.

Basis for Opinion

1. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Act and other applicable authoritative pronouncements issued by the Institute of Chartered Accountants of India. Our responsibilities under those Standards are further described in the 'Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results' section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in "Other Matter" paragraph below, is sufficient and appropriate to provide a basis for our opinion.

Price Waterhouse Chartered Accountants LLP, Building No. 8, 8th Floor, Tower - B, DLF Cyber City, Gurugram - 122 002 T: +91 (124) 4620000, F: +91 (124) 4620620

Registered office and Head office: Sucheta Bhawan, 11 A Vishnu Digambar Marg, New Delhi 110 002

Price Waterhouse (a Partnership Firm) converted into Price Waterhouse Chartered Accountants LLP (a Limited Liability Partnership with LLP identity no: LLPIN AAC-5001) with effect from July 25, 2014. Post its conversion to Price Waterhouse Chartered Accountants LLP, its ICAI registration number is 012754N/N500016 (ICAI registration number before conversion was 012754N)

INDEPENDENT AUDITOR'S REPORT To the Board of Directors of Bata India Limited Report on the Consolidated Annual Financial Results Page 2 of 4

Board of Directors' Responsibilities for the Consolidated Annual Financial Results

• 1. These Consolidated annual financial results have been prepared on the basis of the consolidated financial statements. The Holding Company's Board of Directors are responsible for the preparation and presentation of these consolidated annual financial results that give a true and fair view of the net profit and other comprehensive income and other financial information of the Group and the consolidated balance sheet and the consolidated statement of cash flows in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated annual financial results by the Directors of the Holding Company, as aforesaid.
• 1. In preparing the consolidated annual financial results, the respective Board of Directors of the companies included in the Group are responsible for assessing the ability of the Group to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.
• 1. The respective Board of Directors of the companies included in the Group are responsible for overseeing the financial reporting process of the Group.

Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results

• 1. Our objectives are to obtain reasonable assurance about whether the consolidated annual financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated annual financial results.
• 1. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
  • Identify and assess the risks of material misstatement of the consolidated annual financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

INDEPENDENT AUDITOR'S REPORT To the Board of Directors of Bata India Limited Report on the Consolidated Annual Financial Results Page 3 of 4

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Group has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls. (Refer paragraph 13 below)
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
• Conclude on the appropriateness of the Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated annual financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the consolidated annual financial results, including the disclosures, and whether the consolidated annual financial results represent the underlying transactions and events in a manner that achieves fair presentation.
• Obtain sufficient appropriate audit evidence regarding the financial statement of the entities within the Group to express an opinion on the consolidated annual financial results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the consolidated annual financial results of which we are the independent auditors. For the other entities included in the consolidated annual financial results, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.
• 1. We communicate with those charged with governance of the Holding Company and such other entities included in the consolidated annual financial results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
• 1. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.

INDEPENDENT AUDITOR'S REPORT To the Board of Directors of Bata India Limited Report on the Consolidated Annual Financial Results Page 4 of 4

Other Matters

1. We did not audit the financial statements of 2 subsidiaries included in the consolidated annual financial results, whose financial statements reflect total assets of Rs. 184-45 millions and net assets of Rs. 73.06 millions as at March 31, 2024, total revenues of Rs. 172.71 millions, profit after tax of Rs. 2.76 Millions, and total comprehensive income of Rs. 2.76 millions for the year ended March 31, 2024, and cash inflows (net) of Rs. 9.86 millions for the year ended March 31, 2024, as considered in the consolidated annual financial results. These financial statements have been audited by other auditors whose reports have been furnished to us by the Management and our opinion on the consolidated annual financial results, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 10 above.

Our opinion on the consolidated annual financial results is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors.

• 1. The consolidated annual financial results include the results for the quarter ended March 31, 2024 being the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year, which are neither subject to limited review nor audited by us.
• 1. The consolidated annual financial results dealt with by this report have been prepared for the express purpose of filing with the National Stock Exchange of India Limited, BSE Limited and the Calcutta Stock Exchange Limited. These results are based on and should be read with the audited consolidated financial statements of the group for the year ended March 31, 2024 on which we have issued an unmodified audit opinion vide our report dated May 29, 2024.

Rajib Chatterjee Partner Membership Number: 057134 UDIN: 24057134BKGUAM1348

Place: Gurugram Date: May 29, 2024

. BATA INDIA LIMITED REGD. OFFICE: 278, CAMAC STREET, Isl FLOOR, KOLKATA 7000161 CIN: LI9201WBl931PLC007261 Telephone: 033 �3014400, Fax: 033 218957481 E-mail: in-customer.serYice((Obata.com; Website: www.bata.in STATEMENT OF CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31st MARCH 2024

						(111 Rs. millio11 except pa share data)
S. No.	Particulars	Quarter ended	Quarter ended	Quarter ended	Year ended	Year ended
		31st March 2024	31st December 2023	31st March 2023	31st March 2024	31s1 March 2023
		{refer note 6)		(refer note 6)
		Audited	Unaudited	Audited	Audi1ed	Audited
	a Revenue from operations	7,978.71	9.034.72	7.785.85	34,786.10	34.515.68
	b Other income	218.95	I 10.51	99.37	617.17	386.84
I	Total Income	8,197.66	9,145.23	7,885.22	35,403.27	34,902.52
	Expenses
	a Cost of raw materials and components consumed	623.64	595.60	646.77	2,439.16	2,616.15
	b Purchas� of stock-in-trade	3,112.23	2,974.98	3.205.67	12.810.34	12,881.05
	Changes in inventories of finished goods, stock-in-trade and work-in-progressC	(554.92)	399.09	(614.17)	(327.23)	(360.93)
	d Employee benefits expense	1,066.12	1,027.37	1.039.35	4.199.64	4,186.94
	e Finance costs	309.64	294.64	272.05	1,170.05	1,078.52
	f Depreciation and amortisation expense	902.93	859.94	764.95	3,390.81	2,947.84
	g Other expenses	1,908.73	2.21126	1.687.63	7,805.18	7.254.60
2	Total Exoenses	7,368.37	8,364.88	7,002.25	31,487.95	30,604.17
3	Profit before exceptional item and tax (1-2)	829.29	780.35	882.97	3,915.32	4,298.35
4	Exceptional item (refer note 4)
	- Expense towards YRS				409.00
5	Profit before tax (3-4)	829.29	780.35	882.97	3,506.32	4,298.35
6	Tax expense
	Current tax	181.50	265.13	249.34	1,014.63	1,160.02
	Deferred tax charee/{credit)	11.30	(6455)	(22.60)	(133.42)	(91.71)
7	Profit for the oeriod/ vear (5-6)	636.49	579.77	656.23	2,625.11	3,230.04
8	Other comprehensive income
	(i) Items that will not be reclassified to profit or loss	39.22	(1.01)	23.31	(4.23)	13.75
	l <ii) be="" income="" items="" loss<="" not="" or="" orofit="" reclassified="" relating="" tax="" td="" that="" to="" will="">(9.87)0.26(586)1.07(3.46)</ii)>	(9.87)	0.26	(586)	1.07	(3.46)
	Other comorehensive income for the oeriod/vear net of tax	29.35	(0.75)	17.45	(3.16)	10.29
	Total comorehensive income for the period/vear (7+81	665.84	579.02	673.68	2,621.95	3,240.33
	Paid up equity share capital (Face value of Rs. 5/- each)	642.64	642.64	642.64	642.64	642.64
	Other equit)•				14.626.29	13,739.46
	Earnings per equity share of Rs. 5/- each
	Basic and Diluted (not annualised exceot for vearlv fomres) (Rs.)	4.95	4.51	5.11	20.42	25.13
	See accompanying notes to the consolidated financial results.

Notes:

I The consolidated financial results include results of Bata India Limited (the Holding Company), Bata Properties Limited and Way Finders Brands Limi1ed (the subsidiaries). (Holding company and its subsidiaries together referred to as "the Group").

2 The above consolidated financial results were reviewed by the Audit Committee and thereafter approved by the Board of Directors at their respective meetings held on 29th May 2024. These consolidated financial results have been prepared in confonnity with Jndian Accounting Standards ('Ind AS') prescribed under Section 133 of the Companies Act, 2013 read together with the Companies (Indian Accounting Standards) Rules. 2015 (as amended) and in tenns of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended.

3 Subsequent to the year ended 31st March 2024, the Board of Directors of the Holding Company in their meeting dated 29th May 2024, have recommended a final dividend of Rs. 12.00 per share (240% on an equity share of par value of Rs. 51• each). The payment of final dividend is subject to approval of the shareholders at the ensuing Annual General Meeting of the Holding Company.

4 During the year, a scheme for voluntary retirement (YRS) was introduced at one manufacturing unit and Il\TR 409.00 million was offered for the same and is disclosed as an exceptional item.

5 The Group operates in a single business segment, i.e., Footwear and Accessories.

6 The figures for the quarters ended 31st March 2024 and 31st March 2023 are balancing figures between audited figures in respect of the full financial year and the published year to date figures upto 31st December 2023 and 31s December 2022, respectively. Also, the figures upto the end of third quarter of the financial years were only reviewed and not subject to audit.

7 Subsequent to the year ended 3 I st March 2024, the Board of Directors of the Holding Company on 26th April 2024, has approved the sale of the freehold industrial land to an unrelated party for a consideration of Il\TR 1,560.00 millior (subject to applicable duties, taxes and transaction charges) subject to necessary process/formalities being completed. The sale deed has been executed and the total consideration has been received on the same date. The aforesaid land has been classified as assets held for sale in the consolidated balance sheet.

8 The report of statutory auditors is being filed with National Stock Exchange of India Limited, BSE Limited and The Calcutta Stock Exchange Limited. For more details on the financial results, please visit Investor Relations section ofou website: ,vww.bata.in and audited financial results at Corporate section of www.nseindia.com, www.bseindia.com and www.cse-india.com.

CONSOLIDATED BALANCE SHEET:
		(In Rs. million)
	As at	As at
	31st March 2024Audited	31st March 2023Audited
ASSETS
Non-current assets
Property, plant and equipment	3,279.12	3,215.95
Capital work-in-progress	15.65	16.14
Intangible assets	268.93	142.22
Intangible assets under development	21.57	21.57
Right-of-use assets	11,539.02	I 0,560.27
Financial assets
(i) Jnveshnents	5.00	5.00
(ii) Other financial assets	1,325.46	1,215.04
Deferred tax assets (net)	1,266.73	1,133.31
Current tax assets (net)	155.63	230.09
Other non-current assets	115.23	41.92
Total non-current assets	17,992.34	16,581.51
Current assets
Inventories	9,295.50	9,045.55
Financial assets
(i) Trade receivables	801.32	825.54
(ii) Cash and cash equivalents	501.04	745.87
(iii) Bank balances other than (ii) above	3,578.62	4,566.14
(iv) Other financial assets	366.82	378.05
Other current assets	766.19	573.94
	15,309.49	16,135.09
Assets classified as held for sale	195.79	-
Total current assets	15,505.28	16,135.09
Total assets	33,497.62	32,716.60
EQUITY AND LIABILITIES
EQUITY
Equity share capital	642.64	642.64
Other equity	14,626.29	13,739.46
Total equity	15,268.93	14,382.10
LIABILITIES
Non-current liabilities
Financial liabilities
(i) Lease Liabilities	10,829.22	10,105.34
(ii) Other financial liabilities	46.91	4.72
Total non-current liabilities	10,876.13	10,110.06
Current liabilities
Financial liabilities
(i) Lease Liabilities	2,743.72	2,359.14
(ii) Trade payables
(a) total outstanding dues of micro enterprises and small enterprises	762.59	908.48
(b) total outstanding dues of creditors other than (ii)(a) above
	2,234.23	3,185.03
(iii) Other financial liabilities	1,011.08	1,054.75
Provisions	139.82	75.94
Current tax liabilities (net)	-	9.41
Other current liabilities	461.12	631.69
Total current liabilities	7,352.56	8,224.44
-Total liabilities	18,228.69	18,334.50
�1ndia1_�Total equity and liabilities��-o:	33,497.62	32,716.60
'"�<br>;r_*/

For the year endedFor the year ended3 I st March 202431st March 2023AuditedAuditedCash flows from operating activities:AProfit before taxI3,506.32Adjustments for :Depreciation and amortisation expenses3,390.81Lossl(Gain) on sale/ disposal of property, plant and equipments (net)19.11Allowance for doubtful debts and other financial assets6.10Finance costs1,170.05Bad debts written off2.94Gain on remeasurement of leases(99.04)Net exchange differences (unrealised)(6.50)Finance income(469.39)3Operating cash flows before changes in operating assets and liabilities (1+2)7,520.40Change in operating assets and liabilities:4Decrease/(lncrease) in trade receivables50.46lncrease in inventories(249.96)(lncrease)/Decrease in other current assets(192.25)Increase in other current financial assets(49.81)(lncrease)/Decrease in other non-current assets(40.88)Increase in other non-current fmancial assets(143.30)(Decrease)/lncrease in other current liabilities(170.57)Decrease in trade payables(1,090.05)lncrease/(Decrease) in current provisions59.65(Decrease)/lncrease in other financial liabilities(214.07)Decrease in non-current provisionsChanges in operating assets and liabilities(2,040.78)5Cash generated from operations (3+4)5,479.62Less: Taxes paid [net of tax refund]6(948.52)Net cash inflow from operating activities (5+6)74,531.10BCash flows from investing activities:Purchase of property, plant and equipment and intangible assets(1,009.04)Proceeds from sale of property, plant and equipment30.12lnveshnents in bank deposits (having original maturity of more than three months)(5,257.92)Proceeds from redemption of bank deposits (having original maturity of more than three months)6,249.59Interest received390.80Net cash inflow from investing activities403.55CCash flows from financing activities:Dividends paid (including amount transferred to Investor Education and Protection Fund)(1,730.97)Payment of lease liabilities	(In Rs. million)4,298.352,947.84(10.87)82.261,078.52(3.33)(354.53)8,038.24(I 82.22)(336.47)47.32(191.38)31.09(32.12)229.35(469.60)(0.13)148.70(20.27)(775.73)7,262.51(974.35)
	6,288.16
	(954.10)
	57.26
	(10,796.68)15,759.91
	318.91
	4,385.30
	(6,989.11)
- Principle elements of lease payments(2,290.88)- Interest paid on lease liabilities	(2,059.45)
(1,142.42)Payment of liability towards license rights	(1,056.75)
- Principle elements
(11.06)-Interest paid(4.15)
Net cash outflow from financing activities(5,179.48)	(10,105.31)
DNet (decrease)/increase in cash and cash equivalents (A+B+C)(244.83)	568.15
El Cash and cash equivalents at the beginning of the financial year745.87	I 77. 72
E2 Cash and cash equivalents at the end of tl,e financial year501.04	745.87
Net change in cash and cash equivalents (E2-EI)(244.83)	568.15
As atAs al
31st March 202431st March 2023
Components of cash and cash equivalents
Balances with banks- in current accounts
438.34- on deposit with original maturity of less than 3 months	376.49
Cash on hand62.70	330.0039.38
Total cash and cash equivalents501.04	745.87
Non- cash inYesting actiYities:
- Acquisiton of Right-of-use assets
3,890.94- Acquisiton of license rights170.60
	980.74
��Place: Gurugram
Director Finance & CFOManaging D r ctor & CEODate: 29th May 2024

May 29, 2024

The Manager Corporate Relationship Department BSE Limited r tFloor, New Trading Wing, Rotunda Building, P J Towers, Dalal Street, Fort, Mumbai - 400001

The Manager Listing Department National Stock Exchange of India Limited Exchange Plaza, 5 th Floor, Plot No. C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai - 400051

The Secretary The Calcutta Stock Exchange Limited 7, Lyons Range, Kolkata - 700001

BSE Security Code: 500043

NSE Symbol: BATAINDIA

CSE Scrip Code: 10000003

Dear Sir/Madam,

Subject: Declaration with respect to Audit Report with unmodified opinion to the Annual Audited (Standalone and Consolidated) Financial Results for the financial year ended March 31, 2024

In compliance with Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), we hereby declare that the Statutory Auditors of the Company, M/s. Price Waterhouse Chartered Accountants LLP, Chartered Accountants (ICAI Firm Registration No. 012754N/N500016) have not expressed any modified opinion in their Audit Report pertaining to the Annual Audited (Standalone and Consolidated) Financial Results of Bata India Limited for the financial year ended March 31, 2024.

We request you to take the same on record.

Thanking you,

Gunj • t 1 eshkumar Shah Managin� irector and CEO DIN: 0852 366

Anil Ramesh Somani Director Finance and CFO DIN: 10119789