Liberty Shoes Receives SEBI Observations on Promoter Reclassification

Liberty Shoes Ltd has received a communication from SEBI dated July 21, 2026, regarding observations on the company's actions concerning reclassification requests from two promoter shareholders. These shareholders had sought to move from the 'Promoter and Promoter Group' to the 'Public' category under Regulation 31A of SEBI LODR Regulations. SEBI's observations relate to the company's compliance with Regulation 31A(8)(b) and 30(7). The company states it has submitted all relevant information to SEBI and is currently examining the communication with legal advisors to take appropriate corrective actions. The SEBI communication is noted as regulatory observations and does not impose any monetary penalty or enforcement action.