The board of directors of Bata India Limited on Thursday, January 8, approved the introduction of a voluntary retirement scheme (VRS) for eligible workers at its Bata Shatak manufacturing unit in Hosur, Tamil Nadu.
The company has not shared further details on implementation status and financial impact of the VRS yet.
An assessment will be made over time and disclosed subsequently in line with its “policy for determination of materiality of events and information,” Bata said in a regulatory filing. The number of employees opting for the scheme will also be shared later.
It further said the scheme will be offered to all eligible workers at the unit, stating that the move is expected to be mutually beneficial for both employees and the organisation.
Shares of the company closed at ₹925.30 apiece which is 1.14 % lower than the day’s opening on the NSE.
In Q2 of the current financial year, Bata reported a 73.26% year-on-year decline in consolidated net profit to ₹13.9 crore, hurt by lower revenue and rising expenses amid the transition to the new GST 2.0 regime. The company had posted a profit of ₹51.98 crore in the same period last year.
Consolidated revenue from operations fell 4.3% to ₹801.33 crore for the quarter ended September 30, 2025.
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