Lehar Footwears Limited Announces Promoter Group Changes and DP ID Modification
Lehar Footwears Limited has notified BSE about changes affecting two promoter group HUFs under SEBI LODR Regulations. The company reported a DP ID change for Ramesh Chand Agarwal (HUF) from IN302700 to IN301485 due to branch merger, and announced new Karta appointments with Mr. Naresh Kumar Agarwal and Mr. Raj Kumar Agarwal taking leadership roles for their respective HUFs. Both entities hold 1,40,000 equity shares each (0.79% stake), with no impact on overall promoter group shareholding.
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Lehar Footwears Limited has notified BSE Limited about important changes affecting its promoter group shareholders under SEBI LODR Regulations 2015. The communication, dated March 19, 2026, outlines modifications involving two Hindu Undivided Families (HUFs) that are part of the company's promoter group.
Depository Participant ID Modification
The company reported a change in the Depository Participant ID for Ramesh Chand Agarwal (HUF). The modification involves a transition from the previous DP ID IN302700 to the new DP ID IN301485. This change occurred due to the merger of the Jaipur branch of KIFS Trade Capital Private Limited with its Ahmedabad branch.
| Parameter: | Details |
|---|---|
| Previous DP ID: | IN302700 |
| New DP ID: | IN301485 |
| Reason: | Branch merger of KIFS Trade Capital Private Limited |
| Affected Entity: | Ramesh Chand Agarwal (HUF) |
Leadership Transitions in Promoter Group HUFs
The company announced significant leadership changes affecting both promoter group HUFs. Following the passing of the previous Kartas, new appointments have been made to ensure continuity of operations.
For Ramesh Chand Agarwal (HUF), Mr. Naresh Kumar Agarwal has been designated as the new Karta, succeeding the late Mr. Ramesh Chand Agrawal. Similarly, for Mohan Lal Agarwal (HUF), Mr. Raj Kumar Agarwal has been appointed as the new Karta following the demise of the previous Karta.
Shareholding Details
Both affected HUFs maintain identical shareholding positions in the company. The changes do not impact the overall promoter group shareholding structure.
| Entity: | Shareholding | Percentage |
|---|---|---|
| Ramesh Chand Agarwal (HUF): | 1,40,000 equity shares | 0.79% |
| Mohan Lal Agarwal (HUF): | 1,40,000 equity shares | 0.79% |
| Total Combined: | 2,80,000 equity shares | 1.58% |
Regulatory Compliance
The notification was submitted in accordance with the applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Ritika Poddar signed the communication, emphasizing that these changes do not result in any modification to the total shareholding of the promoter group in the company.
The company has requested BSE Limited to take these changes on record, ensuring full transparency and regulatory compliance in reporting promoter group modifications.
Historical Stock Returns for Lehar Footwears
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -9.70% | -13.95% | -21.88% | -29.95% | -14.28% | +684.96% |
Will the new Kartas maintain the same strategic vision for Lehar Footwears or could this leadership transition signal potential changes in business direction?
How might the consolidation of KIFS Trade Capital's branches affect other listed companies that use their depository services?
Could these promoter group changes influence Lehar Footwears' upcoming corporate governance decisions or board composition?
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