Liberty Shoes Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2025
LIBERTSHOE · price
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Liberty Shoes Limited has issued the notice for its 39th Annual General Meeting to be held on Wednesday, September 24, 2025, at 11:00 AM via Video Conferencing/Other Audio-Visual Means. The AGM will consider seven items, including adoption of audited financial statements for FY 2024-25, re-appointment of two directors (Adish Gupta and Ashok Kumar) retiring by rotation, and approval to increase the monthly remuneration of three Executive Directors — Shammi Bansal, Adish Gupta, and Anupam Bansal — from Rs 4 lakh to Rs 10 lakh each, effective October 1, 2025. Shareholders will also vote on appointing M/s JVS & Associates as Secretarial Auditors for a five-year term from FY 2025-26 to FY 2029-30. The Register of Members will be closed from September 18 to September 24, 2025, with the e-voting cut-off date set as September 17, 2025 and remote e-voting open from September 21-23, 2025.
The AGM is routine but includes a 2.5x pay hike proposal for three Executive Directors, which shareholders will need to approve via special resolution — this is the key voting item to watch. Appointment of a new secretarial auditor for five years signals a long-term compliance commitment but is largely procedural.