Liberty Shoes Credit Rating Reaffirmed by CARE

CARE Ratings reaffirmed Liberty Shoes' credit ratings with CARE A2 for short-term and CARE BBB- with stable outlook for long-term bank facilities, reflecting stable financial performance.

Liberty Shoes Reports 117% Jump in Q2 Net Profit with Steady Revenue Growth

Liberty Shoes reported quarterly net profit of 20 million rupees compared to 9.2 million rupees in the same period last year. Revenue increased to 1.74 billion rupees from 1.72 billion rupees year-over-year. EBITDA rose to 151 million rupees from 146 million rupees, while EBITDA margin improved to 8.69% from 8.49% in the corresponding quarter of the previous year.

Liberty Shoes Shareholders Approve Neeraj Kumar Jindal's Appointment as Independent Director

Liberty Shoes Limited successfully completed a postal ballot seeking shareholder approval for the appointment of Neeraj Kumar Jindal (DIN: 00054885) as an Independent Director. The e-voting period ran from July 9 to August 7, 2025, with the cut-off date set as July 4, 2025. Out of 21,426 total shareholders on record, 91 members participated in the voting process. The special resolution was passed with requisite majority, with 8,283,284 votes in favor and 3,853 votes against, representing 99.9535% and 0.0465% respectively of votes polled. The total votes polled were 8,287,137 shares, accounting for 48.6334% of the company's 17,040,000 outstanding shares. JVS & Associates served as the scrutinizer for the postal ballot process, while MUFG Intime India Private Limited provided the remote e-voting facility. The resolution is deemed passed as of August 7, 2025.