Liberty Shoes Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 24, 2025
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Liberty Shoes Limited held its 39th Annual General Meeting on September 24, 2025, from 11:00 AM to 12:00 PM via video conferencing. The meeting was chaired by Executive Director Shammi Bansal, with 66 members present in person and all 4 Executive Directors plus 2 Independent Directors in attendance. Seven resolutions were tabled: adoption of FY2024-25 audited financial statements, re-appointment of two Executive Directors retiring by rotation, increase in remuneration for three Executive Directors (Shammi Bansal, Adish Gupta, and Anupam Bansal) via special resolutions, and appointment of M/s JVS & Associates as Secretarial Auditors. E-voting was conducted through MUFG Intime India, with remote e-voting from September 21–23, 2025, and the consolidated voting results will be announced separately. The Chairman noted clean audit reports with no qualifications and discussed the footwear industry outlook, FY24-25 performance, future plans, and recent GST changes affecting the sector.
The key item to watch is the special resolutions seeking higher pay for three Executive Directors, which could raise governance questions. Voting results on remuneration hikes and Director re-appointments are pending and may influence short-term shareholder sentiment.