Libas Consumer Products Limited has commenced the remote e-voting process to seek shareholder approval for increasing its authorised share capital from ₹28 crore to ₹40.60 crore. The e-voting period opened on June 10, 2026, at 09:00 a.m. IST and will conclude on July 9, 2026, at 05:00 p.m. IST. This capital increase is intended to support business expansion and fund requirements. The company has engaged Bigshare Services Private Limited to facilitate the remote e-voting facility.

The proposal involves the creation of an additional 12,600,000 equity shares with a face value of ₹10 each. Consequently, Clause 5.a of the Memorandum of Association will be altered to reflect the new authorised capital of ₹406,000,000 divided into 40,600,000 equity shares. Shareholders whose names appear in the Register of Members or the Register of Beneficial Owners as on the cut-off date of June 5, 2026, are eligible to vote.

Governance and Appointments

The Board appointed M/s SARK & Associates LLP, Company Secretaries, as the Scrutinizer to conduct the postal ballot through remote e-voting in a fair and transparent manner. The results of the postal ballot will be announced not later than two working days after the conclusion of the e-voting period and will be communicated to National Stock Exchange of India Limited. The notice was dispatched via electronic mode in compliance with Ministry of Corporate Affairs circulars.

Key Voting Details

Libas Consumer Products Limited has proposed acquiring a 51% equity stake in LA Rambla Lifestyle Private Limited for up to ₹1.5 crore. The acquisition, to be executed in one or more tranches via cash consideration, targets an entity engaged in the e-commerce business of handbags. This strategic move aims to transition Libas Consumer toward a diversified, multi-engine growth model to maximize long-term stakeholder wealth.

The Board has approved an investment limit of ₹1.5 crore for the 51% equity stake. A Shareholders Agreement will be executed between Libas Consumer and the investee company to finalize the terms. The transaction will not fall under related party transactions, although LA Rambla Lifestyle will become a subsidiary and consequently a related party post-acquisition.

No Indian governmental or regulatory approvals are required for the acquisition. The indicative time period for completion will be determined as per the terms and conditions agreed upon in the Shareholders Agreement. The investment will be made based on the valuation arrived at for the target entity.

LA Rambla Lifestyle Private Limited was incorporated on March 15, 2018, in India. The target entity operates in the e-commerce business of handbags. Its financial performance over the last three years shows fluctuations in turnover and profitability.

The financial summary of LA Rambla Lifestyle Private Limited for the past three years (₹ in lakh) is detailed below:

The disclosure was made to the National Stock Exchange of India Ltd. on June 8, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Riyaz Eqbal Ahmed Ganji, Managing Director of Libas Consumer Products Limited.