BATA INDIA LTD. - Settlement of protracted litigation with Relaxo Footwear Ltd relating to the Trade Mark 'SPARX

Bata India Ltd has informed BSE that the Company has amicably settled the ongoing protracted litigations with Relaxo Footwear Limited (Relaxo') in respect of Trademark SPARX.<BR><BR>The Company has executed a Deed of Settlement with Relaxo for Assignment of Trade Mark "SPARX" in favour of Relaxo and both the Companies have agreed to file necessary Consent Terms before the Honble Delhi High Court in due course, for withdrawal/settlement of all pending litigations filed by/against Relaxo and the Company. The benefit on account of this Assignment of Trademark along with saving in cost of litigations is considered to be materially beneficial to the Company.