Liberty Shoes Limited Faces Scrutiny Over Promoter Reclassification Requests
Liberty Shoes Limited is addressing regulatory observations concerning the handling of requests from promoter shareholders seeking reclassification of their shareholding status. The scrutiny relates to the process followed regarding the promoters' requests, which were submitted in 2024.The company received requests on March 23, 2024, from Shri Arpan Gupta (in his individual capacity) and as Karta of Dinesh Kumar Gupta HUF. These members of the promoter and promoter group sought to have their shareholding reclassified from the "Promoter and Promoter Group" category to the "Public" category, according to applicable regulations.The company's Board of Directors...