Liberty Shoes Limited Announces Q1 Financial Results, Key Directorship Changes

Liberty Shoes Limited Announces Q1 Financial Results, Key Directorship Changes​

Liberty Shoes Limited has announced its unaudited financial results for the first quarter ended June 30, 2026, alongside updates regarding executive appointments and board restructuring. The company also detailed its status regarding the re-classification of certain promoters.

First Quarter Financial Performance​

The unaudited financial statement provides a summary of operations up to June 30, 2026. Key performance indicators for the quarter include:


The company’s total comprehensive income for the period was reported at 68.37 Lakh.

Management and Board Restructuring​

Liberty Shoes Limited confirmed several changes in its board composition and senior management roles:

Resignation of Executive Director:
Sh. Shammi Bansal tendered his resignation from the position of Executive Director and Chairman of the CSR Committee, effective August 10, 2026. The Board approved his employment as President with effect from August 10, 2026, expressing appreciation for his contributions to the company’s growth during his tenure.

New Appointments:
The company appointed Sh. Raman Bansal as Additional Director and Executive Director for a period of three years, effective August 10, 2026. Mr. Bansal is reported to be about 64 years old and has been associated with the company since 1984. He holds a degree in footwear designing and has over 25 years of experience in footwear manufacturing and marketing.

Independent Director Re-appointment:
The Board approved the re-appointment of Sh. Anand Das Mundhra and Sh. Piyush Dixit as Independent Directors for their second consecutive term of three years, effective August 11, 2026 until August 10, 2029. Mr. Mundhra is associated with Shree Nursingasahay Mudungopal (Engineers) Pvt. Ltd., while Mr. Dixit has vast experience in core manufacturing within the Automobiles, Consumer Durables, and Telecom sectors.

CSR Committee Leadership:
Sh. Anupam Bansal, Executive Director, was appointed as Chairman of the Corporate Social Responsibility Committee with effect from August 10, 2026.

Promoter Re-classification Status​

The Board reviewed the request made by Sh. Arpan Gupta and Sh. Arpan Gupta, Karta of Dinesh Kumar Gupta (HUF) for re-classification from the "Promoter/Promoter Group" category to the "Public" category. While the Board noted that the applicants satisfied certain objective conditions related to shareholding and management status, it observed that issues relating to the existence or indirect control over the company's affairs required further examination. Accordingly, the Board resolved that the application be submitted to recognized Stock Exchanges along with the Board’s observations and supporting documents.

Annual General Meeting Details​

The Company announced details regarding its 40th AGM, which is scheduled for Tuesday, September 29, 2026, and will be held via Video Conferencing or other Audio Video Means.

Key dates related to the AGM include:

• Register of Members Closure: The Register of Members and Share Transfer Books will be closed from Wednesday, September 23, 2026, to Tuesday, September 29, 2026.
• E-voting Period: Remote e-voting will commence on Saturday, September 26, 2026 (9:00 A.M. IST) and conclude on Monday, September 28, 2026 (5:00 P.M. IST).

LIBERTSHOE Stock Price Movement​

Shares of Liberty Shoes Limited tumbled today after post-market trading, closing down 4.80% to settle at ₹249.35. The equity saw significant intraday movement, trading within a range between the high of ₹265.65 and the low of ₹236.35.