Nature of change: Cessation of Managing Director & CEO upon completion of tenure, and appointment of new Managing Director & CEO
Gunjan Shah (DIN: 08525366): Ceased to be Managing Director [designated as Managing Director & CEO] and director of the Company effective September 30, 2026 at end of business hours. Completed his full five-year term ending September 30, 2026.
Sanjay S. Rao (DIN: 02743920): Appointed as Whole-time Director from August 24, 2026 to September 30, 2026, subject to applicable regulatory and shareholders' approvals. Appointed as Chief Executive Officer (KMP) effective August 24, 2026 and designated as Whole-time Director and CEO. Appointed as Managing Director from October 1, 2026 to August 23, 2031, subject to applicable regulatory and shareholders' approvals and designated as Managing Director and CEO, effective October 1, 2026.
Qualifications: Mr. Sanjay S. Rao is an MBA from INSEAD, France & Singapore, PGDM in Management TAPMI, India and BE – National Institute of Engineering, Mysore, India.
Relationship with other directors: Mr. Sanjay S. Rao is not related to any Director of the Company.
Compliance confirmation: The Company specifically affirms that Mr. Rao is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.
Previous KMP: Mr. Gunjan Shah held the position of Managing Director and CEO for a five-year term ending September 30, 2026.
Strategic or Business Context
The Board placed on record its appreciation for the leadership and contribution of Mr. Gunjan Shah during his tenure.
Panos Mytaros, Chief Executive Officer of Bata Group, stated: "India is one of Bata Group's most important markets and one of our biggest long-term growth opportunities. Bata India has a powerful brand, deep consumer trust, strong foundations and significant room to grow. The next chapter must be about becoming even closer to consumers, strengthening our relevance, responding faster to trends and giving consumers the shoes they want for every part of their lives."
Ashwani Windlass, Chairman of Bata India, stated that during Mr. Shah's tenure, he "strengthened the business, elevated the consumer experience, drove innovation and built a strong leadership team."
Mr. Rao brings more than two decades of retail and consumer leadership experience across India, South Asia, China and Europe. He joins Bata India from Nike, where he most recently served as Senior Director, Nike Retail, overseeing the France and Benelux markets. Prior to Nike, Mr. Rao spent several years with Inditex, where he played a pivotal role in establishing Zara's business in India through its joint venture with the Tata Group.
Any Other Material Information
The appointments were approved by the Board of Directors at its meeting held on June 18, 2026, which commenced at 12:30 P.M. (IST) and concluded at 1:30 P.M. (IST), based on the recommendation of the Nomination and Remuneration Committee.
The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
