Bata India Limited, a renowned footwear company, has announced a significant leadership change in its Board of Directors. On December 23, 2024, the company appointed Amit Aggarwal as its new Whole-Time Director and Chief Financial Officer (CFO), with a tenure of five years. This decision was made based on the recommendations of the Nomination and Remuneration Committee, as well as the Audit Committee. His appointment will take effect immediately, subject to the approval of the members of the company via a Postal Ballot. Amit Aggarwal will also serve as the Director Finance and CFO in line with Section 203 of the Companies Act, 2013, and his extensive experience is expected to enhance Bata India’s financial strategy and governance.

Amit Aggarwal brings over 20 years of expertise in financial management, business strategy, and digital transformation. His career has spanned across leading organizations, where he played pivotal roles in improving profitability, managing costs, and reinforcing corporate governance frameworks. Prior to joining Bata India, Mr. Aggarwal served as the CFO of SUGAR Cosmetics (Vellvette Lifestyle Pvt. Ltd.) and has also worked with companies like Marico Limited and Nestle India Limited. His academic credentials include a Chartered Accountant qualification and an Advanced General Management certification from IIM Kolkata, making him a perfect fit for Bata India's ambitious goals.

As part of this leadership reshuffle, Durgesh Singh, who was appointed CFO (KMP) in December 2024, will no longer hold this position, ensuring a smooth transition of responsibilities. Bata India emphasized that the new appointments were in compliance with SEBI's regulations and confirmed that there were no restrictions on Mr. Aggarwal's eligibility to serve as a director, reaffirming the company’s commitment to maintaining high corporate governance standards.

The company's official filing with the BSE, NSE, and Calcutta Stock Exchange detailed the change, and additional information regarding this transition is available on the company’s website. This update also reflects Bata India’s ongoing efforts to strengthen its leadership and operational capabilities in a highly competitive market.

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