A. Unaudited Financial Results
The Board of Directors of Liberty Shoes Ltd. approved the unaudited financial results for the quarter ended 30th June, 2026 at a meeting held on 10th August, 2026. The results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by the Audit Committee. The Statutory Auditors, Pardeep Tayal & Co., issued a limited review report with no material misstatements found.
Key Financial Figures (₹ in Lakh):
- Total Income: ₹16,988.07 (Q1 FY27) vs. ₹21,229.81 (Q1 FY26) vs. ₹17,296.91 (Q4 FY26)
- Total Expenses: ₹16,859.42 (Q1 FY27) vs. ₹20,615.05 (Q1 FY26) vs. ₹16,849.47 (Q4 FY26)
- Profit Before Tax: ₹128.65 (Q1 FY27) vs. ₹(14.71) (Q1 FY26) vs. ₹451.53 (Q4 FY26)
- Tax Expense: ₹45.62 (Q1 FY27) vs. ₹97.72 (Q1 FY26) vs. ₹118.80 (Q4 FY26)
- Net Profit for the period: ₹68.37 (Q1 FY27) vs. ₹529.75 (Q1 FY26) vs. ₹332.73 (Q4 FY26)
- Earnings Per Share (Basic): ₹0.40 (Q1 FY27) vs. ₹3.11 (Q1 FY26) vs. ₹1.95 (Q4 FY26)
- Paid-up Equity Share Capital: ₹1,704.00 lakh (Face value ₹10 per share)
B. Resignation of Executive Director
Sh. Shammi Bansal (DIN: 00138792) resigned from the office of Executive Director and as a member of the CSR Committee with effect from 10th August, 2026. The resignation was due to personal reasons and not due to any disagreement with management or board policies. The Board approved his employment as President with effect from 10th August, 2026. He is the brother of Sh. Anupam Bansal, Executive Director.
C. Appointment as Additional Director/Executive Director
Sh. Raman Bansal (DIN: 00137826) was appointed as Additional Director/Executive Director for a period of 3 years with effect from 10th August, 2026, subject to shareholder approval in the forthcoming Annual General Meeting. He confirmed not being debarred from directorship by SEBI or any statutory authority. He is the brother of Sh. Anupam Bansal and was previously Chief Operating Officer with over 25 years of experience in footwear manufacturing and marketing.
D. Re-appointment of Two Independent Directors
The Board approved the re-appointment of Sh. Anand Das Mundhra (DIN: 00167418) and Sh. Piyush Dixit (DIN: 03514223) as Independent Directors for a second term of three consecutive years from 11th August, 2026 to 10th August, 2029, subject to shareholder approval. Both confirmed not being debarred from directorship.
E. Appointment of Chairman of CSR Committee
Sh. Anupam Bansal, Executive Director, was appointed as Chairman of the Corporate Social Responsibility Committee with effect from 10th August, 2026.
F. Request for Re-classification of Two Promoters to Public
The Board deliberated on requests from Sh. Arpan Gupta and Sh. Arpan Gupta, Karta of Dinesh Kumar Gupta (HUF), for reclassification from "Promoter/Promoter Group" to "Public" category. This was pursuant to SEBI communication dated 21st July, 2026 requiring action under Regulation 31A(8)(b) of SEBI LODR Regulations.
The Board noted that while applicants appear to satisfy certain objective conditions under Regulation 31A(3)(b), issues remain regarding the condition relating to direct or indirect control over company affairs. The Board resolved to submit the application to recognized Stock Exchanges together with its views and observations as required under Regulation 31A(3)(a)(iii). Sh. Munish Kakra, CFO & Company Secretary, was authorized to handle the submission process. Upon receipt of No Objection from Stock Exchanges, the proposal will be placed before shareholders.
G. Annual General Meeting (AGM) and Related Compliance
- The 40th AGM will be convened on Tuesday, September 29, 2026 at 11:00 A.M. (IST) through Video Conferencing/Other Audio Video Means
- The Register of Members and Share Transfer Books will be closed from Wednesday, September 23, 2026 to Tuesday, September 29, 2026 (both days inclusive)
- The cut-off date for determining member eligibility to vote is Tuesday, September 22, 2026
- Remote e-voting will be available from Saturday, September 26, 2026 (9:00 A.M. IST) to Monday, September 28, 2026 (5:00 P.M. IST)
- E-voting facility will also be available during the AGM