Liberty Shoes Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report.
LIBERTSHOE · price
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Awaiting price reaction for this filing.
Liberty Shoes Limited conducted a postal ballot to seek shareholder approval for payment of Annual Incentive for FY 2024-25 to three Executive Directors: Shammi Bansal, Anupam Bansal, and Adish Gupta. The e-voting ran from April 23, 2025 to May 22, 2025, with a turnout of 51.76% (8,820,662 votes out of 17,040,000 total shares). All three special resolutions passed with overwhelming support, receiving 99.89% votes in favor (8,810,823 votes) and just 0.11% against (9,839 votes). The promoter and promoter group, which had declared interest in the resolutions, voted entirely in favor, contributing 8,214,982 shares (100% of their holding). M/s JVS & Associates served as the Scrutinizer and confirmed the resolutions were passed with the requisite majority.
This is a routine corporate governance approval for executive compensation, with near-unanimous shareholder backing and no material impact expected on the stock price. The actual incentive amounts are not disclosed in this filing and would be detailed in the company's annual report.