Liberty Shoes Board Approves Q1 FY27 Results; Key Management Changes Announced
Liberty Shoes approved Q1 FY27 unaudited results with revenue at ₹16,985.67 Lakh and PAT of ₹68.37 Lakh. Sh. Shammi Bansal resigned as Executive Director but appointed President. Sh. Raman Bansal appointed Additional Director. Sh. Anand Das Mundhra and Sh. Piyush Dixit re-appointed as Independent Directors. 40th AGM on Sep 29, 2026.
The announcement includes significant corporate actions such as the approval of quarterly results, changes in directorships, and the scheduling of the AGM. These events are material to the company's governance and future strategic direction, impacting stakeholders' perception.
The announcement reports financial results and key management changes. While the results show a decrease in revenue and profit compared to the previous quarter, the appointment of new directors and re-appointment of existing ones are neutral corporate actions. The resignation of an executive director with immediate re-appointment in a different role also balances out.
Liberty Shoes Limited announced the outcome of its Board Meeting held on August 10, 2026. The Board approved the Unaudited Financial Results for the First Quarter ended June 30, 2026. Revenue from operations for the quarter stood at ₹16,985.67 Lakh, with a Profit After Tax of ₹68.37 Lakh.
The meeting also saw the resignation of Sh. Shammi Bansal from the office of Executive Director, effective August 10, 2026. However, the Board approved his appointment as President with the same effective date, appreciating his contributions. Sh. Raman Bansal was appointed as Additional Director/Executive Director for a period of 3 years, subject to shareholder approval at the upcoming AGM.
Furthermore, Sh. Anand Das Mundhra and Sh. Piyush Dixit were re-appointed as Independent Directors for their second term of three years, from August 11, 2026, to August 10, 2029, subject to shareholder approval. Sh. Anupam Bansal has been appointed as the Chairman of the Corporate Social Responsibility Committee.
The Board also re-considered the request for reclassification of two promoters to the public category, noting that while applicants appear to satisfy certain conditions, issues regarding control require further examination. The company will submit its application to the recognized Stock Exchanges with the Board's views.
Additionally, the 40th Annual General Meeting (AGM) has been scheduled for Tuesday, September 29, 2026, at 11:00 AM IST, to be conducted via Video Conferencing. The register of members and share transfer books will be closed from September 23 to September 29, 2026, for the AGM. Remote e-voting will commence on September 26, 2026, and conclude on September 28, 2026.
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Liberty Shoes Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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