Announced Wed, 22 Jul · 14:19 IST
SEBI warns Liberty Shoes over promoter reclassification disclosure lapse
Ownership Changes View source PDF
LIBERTSHOE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.3%1-day move
₹266.75
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-3.3-3.1+0.8———————
Up moveDown movePending
AI summary
SEBI has issued an administrative warning to Liberty Shoes Ltd for non-compliance with Regulation 31A regarding reclassification requests from two promoter shareholders (Arpan Gupta and Dinesh Kumar Gupta HUF) who sought to move from Promoter to Public category. The company failed to disclose the May 2024 board meeting outcome. SEBI directed the company to place the requests before shareholders. No monetary penalty, but enforcement action warned if not corrected.
Likely market impact
No financial penalty, but creates governance overhang. Promoter reclassification may now proceed, potentially affecting promoter holding classification.