NB Footwear Seeks Major Geographic Shift, Planning Move from Chennai to Kolkata and Noida
NB Footwear Limited has announced a significant corporate restructuring initiative, detailing plans to move key operational and administrative functions away from its Chennai base. The company’s Board of Directors is scheduled to meet on Saturday, June 20th, 2026, to deliberate on pivotal changes regarding the shifting of its registered office and the establishment of a new corporate hub.The filing, made pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, signals a major organizational pivot for the established footwear manufacturer. The meeting is intended to gain approval from shareholders and all necessary statutory authorities before these substantial transitions can be completed.
Proposed Shift of Registered Office to West Bengal
One of the primary agenda items concerns the strategic relocation of the company's registered office. NB Footwear Limited intends to consider shifting its legal domicile from Chennai, State of Tamil Nadu, to Noida in West Bengal. This move aims to redefine the geographical base and regulatory framework for the company moving forward.The decision regarding this transition is contingent upon securing the requisite approval from shareholders and all other statutory bodies. The change involves a complete shift away from its existing operations center in Chennai.
Consolidation of Corporate Operations in Kolkata
In conjunction with the registered office transition, the Board will address the immediate needs for corporate infrastructure by focusing on operational moves to Kolkata. The company is planning to consider shifting its current business location, Office II, located at the Taramani complex in Chennai, to a new site in Kolkata.This proposed move involves relocating to SP no 50/51, 187 Floor, Jodhpur Gardens, Ward no 3, Kolkata. Furthermore, the company plans to establish this specific address as its corporate office until the final approval of the registered office shift is granted by relevant authorities.
Administrative and Accounting Decisions
The agenda also includes critical decisions regarding the management of company records. NB Footwear Limited intends to consider keeping its Books of Account at the newly proposed corporate office in Kolkata, situated at SP no 50/51, 1st Floor, Jodhpur Gardens, Ward no 3.These administrative considerations are designed to ensure a seamless transition of operations and compliance during this period of rapid restructuring. The Board is expected to make binding decisions on these operational shifts during the meeting scheduled for June 20th, 2026.
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