Lehar Footwears Limited reported a net profit of ₹3.0 crore for the quarter ended June 30, 2026, down from ₹7.2 crore in Q1FY26, while expanding its EBITDA margin to 9.4%. The Board of Directors, meeting on August 10, 2026, also approved the appointment of Rajesh Gattani as Chief Financial Officer, effective September 15, 2026, and scheduled the company’s 32nd Annual General Meeting for September 10, 2026.

The financial results were reviewed by A Bafna & Co., the statutory auditors, who issued a limited review report stating no material misstatement was found in the standalone financial results prepared under Ind AS 34. The filing was submitted to BSE Limited by Ritika Poddar, Company Secretary & Compliance Officer, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

Total revenue from operations declined 47.3% year-on-year to ₹74.9 crore from ₹142.2 crore in Q1FY26. This contraction was primarily driven by the completion of large-scale toolkit supply orders under government schemes, specifically the first phase of the PM Vishwakarma Scheme, which involved cumulatively 2.5 lakh toolkits. Despite the top-line drop, operating efficiency improved with EBITDA margins expanding by 50 basis points to 9.4% from 8.9% in the prior year period.

The core footwear segment demonstrated resilience, growing 9% year-on-year to ₹58.1 crore. This growth offset broader headwinds including inflation, muted exports, and geopolitical disruptions affecting GCC markets. Management attributed the margin expansion to calibrated pricing actions, prudent sourcing strategies, productivity improvements, and a shift toward a richer product mix featuring premium and fashion ranges.

Leadership Changes and Corporate Governance

The Board appointed Rajesh Gattani as Chief Financial Officer, effective September 15, 2026. Gattani is a Chartered Accountant with over 13 years of post-qualification experience in finance, accounting, taxation, audit, and corporate governance. Prior to joining Lehar Footwears, he served as CFO at Universal Quartz & Natural Stones Pvt. Ltd., where he led initiatives including ERP implementation, project financing, and business expansion.

The Board also approved the Board’s Report for the financial year ended March 31, 2026, and the matters for the Notice of the 32nd Annual General Meeting. The AGM is scheduled to be held on Thursday, September 10, 2026, at 10:30 A.M. (IST) at Vishwakarma Recreation Club Park, Jaipur. The record date for the AGM and any dividend declaration has been fixed as September 3, 2026.

What the Numbers Show

A critical observation from the Q1FY27 results is the divergence between top-line revenue and operational efficiency. While total revenue dropped significantly due to the cyclical nature of government scheme completions, the core footwear business maintained positive growth momentum. The expansion of EBITDA margins by 50 basis points, despite rising input and labor costs following minimum wage revisions, indicates effective cost management and successful pricing power within the core segment. Furthermore, the company holds an OEM order book of approximately ₹40+ crore for execution in the upcoming quarter, suggesting near-term revenue visibility. The combination of scaling OEM relationships, D2C growth, and imminent capacity expansion at the Kundli facility positions Lehar Footwears to potentially leverage higher order volumes without capacity constraints in the latter half of FY27.

Lehar Footwears Limited has rescheduled its upcoming Board of Directors meeting to August 10, 2026, moving it one day earlier than the previously notified date of August 11. The company informed BSE Limited on August 4, 2026, that the revised schedule applies to all agenda items, including the consideration of un-audited financial results for the quarter ended June 30, 2026 (Q1FY27). This procedural adjustment ensures the timely declaration of quarterly performance metrics while adhering to regulatory timelines for result announcements.

The Board will transact several critical pieces of business during the August 10 session. Primary among these is the approval of the un-audited financial results for Q1FY27. Additionally, the directors will consider and approve the Board’s Report for the financial year ended March 31, 2026 (FY26). The meeting also aims to finalize matters for the Notice of the 32nd Annual General Meeting (AGM), including determining the specific date, place, and time for the gathering. Other miscellaneous agenda items will also be addressed as per standard corporate governance procedures.

Key Agenda Items

The following table outlines the primary business to be transacted during the rescheduled board meeting:

Regulatory compliance remains a focal point of this communication. The trading window for equity shares in Lehar Footwears Limited was already closed effective July 1, 2026, in accordance with SEBI regulations regarding insider trading restrictions prior to result declarations. The company confirmed that this restriction will remain in place until 48 hours after the official declaration of the financial results. This ensures a level playing field for all investors by preventing privileged access to material non-public information during the pre-announcement period.

The rescheduling was communicated via a formal letter dated August 4, 2026, signed by Ritika Poddar, Company Secretary and Compliance Officer. The letter referenced an earlier communication dated August 3, 2026, which had initially scheduled the meeting for August 11. By moving the date forward to August 10, the company maintains its commitment to timely disclosure while allowing sufficient lead time for the subsequent reopening of the trading window. Investors are advised to monitor exchange filings for the final approved results and any further updates regarding the 32nd AGM logistics.