Lehar Footwears appoints Rajkummar Rao as Rannr brand ambassador

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Reviewed by
Shriram SScanX News Team
Key Highlights
  • Lehar Footwears appoints Rajkummar Rao as brand ambassador for its Rannr athleisure brand
  • The association aims to boost brand recognition across digital, e-commerce, and offline channels
  • Rannr targets consumers seeking style, comfort, and value in sports and lifestyle footwear
  • The deal was disclosed under Regulation 30 of SEBI LODR Regulations on September 21, 2026
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Lehar Footwears Limited has appointed Bollywood actor Rajkummar Rao as the brand ambassador for its in-house athleisure brand, Lehar Footwears Rannr. The company announced the association on September 21, 2026, aiming to strengthen its presence in India’s evolving footwear market.

The agreement was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ritika Poddar, Company Secretary and Compliance Officer of Lehar Footwears Limited, signed the intimation letter addressed to BSE Limited.

Brand Strategy and Positioning

Rannr is positioned as a contemporary athleisure brand targeting a new generation of consumers seeking style, comfort, performance, and value. The brand’s portfolio includes sports, running, walking, and lifestyle footwear. Lehar Footwears intends to promote Rannr through electronic and print media advertisements.

Rajkummar Rao will feature in upcoming brand campaigns across digital, e-commerce, retail, print, and outdoor channels. The association aligns with Rannr’s philosophy of "Power in Every Step," emphasizing individuality and personal journey.

Leadership Commentary

Raj Kumar Agarwal, Chairman of Lehar Footwears Limited, stated that Rao’s career trajectory reflects authenticity and perseverance, qualities the company wishes to associate with the Rannr brand. Agarwal described the appointment as an important new chapter for the manufacturer.

Rao commented that he connects with the brand’s focus on everyday movement and comfort. He highlighted his excitement to join a young Indian brand with a fresh perspective on footwear.

Manufacturing and Distribution Context

Lehar Footwears Limited operates five manufacturing facilities located in Jaipur, Kaladera (Chomu), and Kundli (Haryana). The company sells products under the 'Lehar' and 'Rannr' brands through trade distribution channels, retail multi-brand outlets, export markets, government schemes, and e-commerce marketplaces.

The press release noted that the partnership leverages the company’s established manufacturing and distribution ecosystem to expand Rannr’s presence in sports, athleisure, and closed-footwear segments.

Historical Stock Returns for Lehar Footwears

1 Day5 Days1 Month6 Months1 Year5 Years
+0.12%-0.10%+0.51%+4.76%-20.21%+416.60%

How might the appointment of Rajkummar Rao impact Lehar Footwears' market share against established athleisure competitors like Decathlon or Nike in India?

What is the expected timeline for Rannr's expansion into international export markets following this brand repositioning?

Will Lehar Footwears need to increase capital expenditure on its Jaipur, Kaladera, or Kundli manufacturing facilities to meet potential demand surges from the new campaigns?

Lehar Footwears AGM passes all resolutions including ₹0.50 dividend

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Reviewed by
Jubin VScanX News Team
Key Highlights
  • Lehar Footwears AGM passed all five resolutions unanimously or near-unanimously
  • Final dividend of ₹0.50 per share declared for FY26
  • Promoters held 1.29 crore shares; public participation was 10.44%
  • Reappointment of Naresh Kumar Agarwal approved with 99.95% support
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Lehar Footwears Limited released the consolidated voting results for its 32nd Annual General Meeting (AGM) held on September 10, 2026. Shareholders approved all five resolutions, including the declaration of a final dividend of ₹0.50 per equity share of face value ₹10 each for FY26.

The meeting, chaired by Chairman and Whole Time Director Raj Kumar Agarwal, took place at Vishwakarma Recreation Club in Jaipur. Members exercised their voting rights through remote e-voting from September 7 to September 9, 2026, and via ballot papers at the venue.

Voting Participation

As on the cut-off date of September 3, 2026, there were 5,791 shareholders. A total of 39 shareholders participated in the meeting, comprising 16 from the promoter group and 21 from the public category. The total votes polled stood at 4,170,744, representing approximately 23.59% of the outstanding shares.

Category Shares Held Votes Polled % of Outstanding Votes in Favour Votes Against
Promoter Group 1,28,93,176 36,71,236 28.47% 36,71,236 0
Public Non-Institutions 47,85,623 4,99,508 10.44% 4,99,508 0
Total 1,76,78,799 41,70,744 23.59% 41,70,744 0

Note: Promoter group votes were cast exclusively via e-voting for ordinary business items. Public shareholders voted via both e-voting and poll.

Resolutions Passed

Shareholders approved five resolutions during the AGM. The ordinary business included adopting the audited financial statements for the year ended March 31, 2026, and declaring the final dividend. The board also sought approval for the reappointment of Mr. Naresh Kumar Agarwal (DIN: 00106649), who retires by rotation.

Special business items focused on remuneration structures. Members approved a revision in the remuneration of executive directors as a special resolution. An ordinary resolution was passed to revise the remuneration payable to a related party holding an office or place of profit in the company.

Resolution Type Details Status
Ordinary Adoption of Audited Financial Statements for FY26 Passed
Ordinary Declaration of Final Dividend of ₹0.50 per share Passed
Ordinary Reappointment of Mr. Naresh Kumar Agarwal Passed
Special Revision in Remuneration of Executive Directors Passed
Ordinary Revision of Remuneration to Related Party Passed

The Company Secretary confirmed compliance with the Companies Act, 2013, Secretarial Standard on General Meetings (SS-2), and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Detailed voting results were submitted under Regulation 44 of the Listing Regulations.

Historical Stock Returns for Lehar Footwears

1 Day5 Days1 Month6 Months1 Year5 Years
+0.12%-0.10%+0.51%+4.76%-20.21%+416.60%

How might the approved revision in executive director remuneration impact Lehar Footwears' operating margins and profitability in FY27?

Given the low overall voting participation of 23.59%, what strategies could the company employ to improve shareholder engagement and governance transparency?

Will the modest final dividend of ₹0.50 per share signal a shift in capital allocation strategy towards reinvestment for expansion rather than immediate shareholder returns?

More News on Lehar Footwears

1 Year Returns:-20.21%