Liberty Shoes Ltd

Liberty Shoes Ltd: Trading Window closed from Oct 01, 2026 till 48 hours after the declaration of Unaudited Financial Results for the 2nd Quarter and Half Year ended September 30, 2026.

AGM Details

• 40th AGM held on 29 September 2026 at 11:00 AM via VC/OAVM.
• Record date for eligibility: 22 September 2026.
• Meeting concluded at 11:53 AM.

Key Resolutions

• Adoption of Audited Financial Statements for FY ended 31 Mar 2026; ordinary; passed.
• Re-appointment of Ashok Kumar as director; ordinary; passed.
• Re-appointment of Anupam Bansal as director; ordinary; passed.
• Re-appointment of Raman Bansal (Independent); special; passed.
• Appointment of Raman Bansal as Executive Director; special; passed.

Director Changes

• Ashok Kumar re-appointed as director (retiring by rotation).
• Anupam Bansal re-appointed as director (retiring by rotation).
• Raman Bansal re-appointed as Independent Director.
• Raman Bansal appointed as Executive Director.

Director/KMP changes

• Re-appointment of Piyush Dixit as Independent Director for 3-year term from 11 Aug 2026 to 10 Aug 2029.
• Anand Mundhra re-appointed as Independent Director for 3-year term from 11 Aug 2026 to 10 Aug 2029.
• Raman Bansal appointed Director/Executive Director for 3 years from 10 Aug 2026 to 9 Aug 2029.
• Raman Bansal is brother of Anupam Bansal, Executive Director.
• Not debarred from holding the office of Director by SEBI or other authorities.

AGM Details

• Date and time: 29 Sept 2026 at 11:00 AM; mode: VC/OAVM; concluded 11:53 AM.

Key Resolutions

• Item 1: Adoption of Audited Financial Statements and reports (ordinary).
• Item 2: Re-appointment of Ashok Kumar as Director (rotating).
• Item 3: Re-appointment of Anupam Bansal as Director (rotating).
• Item 4: Re-appointment of Piyush Dixit as Independent Director (special).
• Item 5: Re-appointment of Anand Das Mundhra as Independent Director (special).
• Item 6: Appointment of Raman Bansal as Director (ordinary).
• Item 7: Appointment of Raman Bansal as Executive Director (special).

Voting & Results

• Remote e-voting window: 26-28 Sep 2026.
• E-voting during meeting; final results to be disclosed separately on company site and Instavote.

Auditors

• Statutory Auditors present: Tayal & Co.

Directors & Changes

• Ashok Kumar and Anupam Bansal to be re-appointed as Directors.
• Raman Bansal appointed as Director and as Executive Director.

AGM notice and AR dispatch

• Letters sent to shareholders with unregistered emails containing web-link to annual report and AGM notice.
• AGM scheduled for 29 September 2026 at 11:00 AM IST via VC/OAVM.
• Cut-off date for email ID verification is 28 August 2026.
• RTA MUFG Intime India Pvt Ltd mentioned as Registrar & Transfer Agent.
• Reminder to update KYC and dematerialise physical securities per SEBI circular.
• Members without registered emails urged to update via depository or RTA.

Financials at a glance

• Revenue from operations: ₹73,999.11 Lakh; up 9.55% YoY.
• Total revenue (including other income): ₹74,049.07 Lakh.
• Profit before tax: ₹1,497.26 Lakh; tax: ₹378.31 Lakh; net profit: ₹1,118.95 Lakh.
• Earnings per share: Basic ₹6.57; Diluted ₹6.59.
• Total comprehensive income: ₹1,122.88 Lakh; OCI: ₹3.93 Lakh.

Stores & omni-channel growth

• Offline retail network surpassed 450 stores; 100+ new stores planned this year.
• E-commerce net revenue exceeded ₹150 crore; omnichannel build underway.
• D2C Liberty Shoes Online relaunched; 143% year‑on‑year growth.
• Marketplace Outright grew 27%; OEM volumes up 24%.
• Quick Commerce growth approximately 4x with Blinkit, Swiggy and Zepto.

Capital structure & liquidity

• Borrowings: Non-current ₹378.14 Lakh; current ₹7,599.32 Lakh; total ₹7,977.46 Lakh.
• Cash and cash equivalents ₹298.81 Lakh; bank balances ₹330.59 Lakh.
• Equity: share capital ₹1,704.00 Lakh; total equity ₹23,378.49 Lakh.

Dividend & capital allocation

• Dividend not declared for FY2025-26; profits retained for growth and investments.

Governance & board changes

• Sh Raman Bansal appointed Executive Director for 3 years (10 Aug 2026–9 Aug 2029).
• Sh Piyush Dixit re-appointed Independent Director (11 Aug 2026–10 Aug 2029).
• Sh Anand Das Mundhra re-appointed Independent Director (11 Aug 2026–10 Aug 2029).
• Sh Neeraj Kumar Jindal appointed Independent Director (from 28 May 2025 to 27 May 2028).
• Ashok Kumar and Anupam Bansal to retire by rotation; re-appointment sought.

Audit, internal controls & risk flags

• Internal controls are adequate; no material weakness reported.
• Auditors note emphasis of matter on arrangements with Liberty entities; arbitration ongoing.
• Internal audit function in place; reports reviewed by Audit Committee.

CSR & sustainability

• CSR expenditure: ₹46.55 Lakh; 2% of average net profit ₹45.98 Lakh.
• CSR programs cover education, healthcare, rural development, environment, disaster relief, and rescue operations.

Outlook & risks

• GST rationalization for footwear up to ₹2,500 aids affordability; full impact gradual.
• Focus on product innovation, premiumisation, omnichannel expansion, and disciplined costs.
• Risks: input cost volatility, wage pressures, currency movements, regulatory changes, competition.

Governance disclosures & disclosures

• Board comprises 8 directors: 4 Executive, 3 Non-Executive Independent, 1 woman Independent.
• Committees include Audit, Nomination & Remuneration, Stakeholders Relationship, Management, CSR.

Promoter reclassification to Public

• Liberty Shoes filed on 18 Aug 2026 for NOC/approval to reclassify two promoter shareholders to Public.
• Reclassification proposes moving promoters from 'Promoter and Promoter Group' to 'Public' per Regulation 31A.
• Process involves obtaining No Objection from exchanges; company to comply with exchange directions.
• Company will keep exchanges and stakeholders informed of further developments.
• CFO & Company Secretary Munish Kakra signed the filing.

Unaudited Q1 2026 results

• Unaudited standalone Q1 2026 results approved; limited review by statutory auditors; Ind AS 34 compliance.

Executive Director changes

• Shammi Bansal resigns as Executive Director; to be appointed President from 10 Aug 2026; ceases GSR Committee.

Director appointments and re-appointments

• Raman Bansal appointed Additional Director/Executive Director for 3 years from 10 Aug 2026; shareholder approval.
• Anand Das Mundhra re-appointed Independent Director for second term (11 Aug 2026–10 Aug 2029).
• Piyush Dixit re-appointed Independent Director for second term (11 Aug 2026–10 Aug 2029).

CSR Committee

• Anupam Bansal appointed Chairman of CSR Committee w.e.f. 10 Aug 2026.

Promoter to public reclassification

• Promoter-to-public reclassification of Arpan Gupta promoters; board to file Regulation 31A with stock exchanges.
• Await No Objection from exchanges; proposal to be placed before shareholders after approvals.

AGM and compliance

• 40th AGM to be held Sep 29, 2026 at 11:00 AM via VC/OAVM.
• Register of Members closed Sep 23-29, 2026; cut-off Sep 22, 2026.
• Remote e-voting from Sep 26-28, 2026.

Meeting Details

• Board meeting scheduled for 10 August 2026; time and venue not disclosed.

Key Agenda Items

• To consider and approve the unaudited financial results for the first quarter ended June 30, 2026.

Other Notes

• Trading window closed since 1 July 2026 and remains closed through 12 August 2026.