Promoter Reclassification8 Oct 2026, 04:30 pm
Liberty Shoes: SEBI Clarifies Promoter Reclassification Process
AI Summary
Liberty Shoes Ltd has received a clarification from SEBI regarding the reclassification requests of two promoter shareholders, Sh. Arpan Gupta and Sh. Arpan Gupta, Karta of Dinesh Kumar Gupta HUF, from 'Promoter and Promoter Group' to 'Public' category under Regulation 31A of SEBI LODR Regulations. SEBI's clarification pertains to the procedural aspects and the applicable regulations based on the timeline of the requests. The company has submitted applications to NSE and BSE for No-Objection Certificates and will proceed to shareholders for approval upon receipt.
Key Highlights
- Two promoter shareholders seek reclassification to 'Public' category.
- SEBI provides clarification on the procedural aspects of reclassification.
- Applications submitted to NSE and BSE for No-Objection Certificates.
- Shareholder approval will be sought post-NOC from stock exchanges.
- Company reaffirms commitment to regulatory compliance.
Price Impact
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