Arpan Gupta, a member of the promoter group at liberty shoes , sold 10,000 equity shares on June 25, 2026, reducing his stake in the footwear manufacturer. The transaction was executed through the open market, as disclosed in a filing submitted to the stock exchanges on June 26, 2026. The sale was conducted under the provisions of Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to the sale, Gupta held 3,24,594 shares, which accounted for 1.905% of the company's total paid-up voting capital. Following the disposal of 10,000 shares, his holding has decreased to 3,14,594 shares. This revised stake represents 1.846% of the total voting capital of Liberty Shoes Limited. The total equity share capital of the company remains Rs. 17,04,00,000, divided into 1,70,40,000 equity shares of Rs. 10 each.

Shareholding Details

The disclosure outlines the specific changes in Gupta's shareholding pattern. The table below details the holdings before and after the transaction:

Persons Acting in Concert

The filing also includes a list of Persons Acting in Concert (PAC) with the seller. The total shareholding of the promoter group, including these persons, stands at 1,00,60,506 shares, which aggregates to 59.039% of the total paid-up voting capital of the company. Key members of the promoter group include Geofin Investments Private Limited, which holds a significant 26.247% stake, and other HUFs and individuals associated with the promoter group.

Liberty Shoes reported a 17.5% decline in net profit to ₹1,118.94 lakh for the financial year ended March 31, 2026, despite a 9.5% increase in revenue from operations to ₹73,999.11 lakh. The footwear manufacturer’s profit for the period fell from ₹1,356.12 lakh in the previous year, primarily impacted by higher tax expenses and exceptional items. For the fourth quarter ended March 31, 2026, the company recorded a net profit of ₹529.75 lakh on revenue of ₹21,204.53 lakh.

The Board of Directors approved the audited financial results for the fourth quarter and financial year ended March 31, 2026 at a meeting held on May 26, 2026. The results were reviewed by the Audit Committee and are in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory auditors Pardeep Tayal & Co issued an unmodified opinion on the financial results.

Total expenses for FY26 rose to ₹72,566.72 lakh from ₹65,220.98 lakh in the previous year. The company reported an exceptional loss of ₹14.91 lakh for the year, compared to a gain of ₹269.37 lakh in FY25. Tax expenses increased to ₹378.32 lakh from ₹731.26 lakh in the prior year. Earnings per share (EPS) for the year stood at ₹6.59, down from ₹7.92 in the previous year.

Financial Performance

The following table summarizes the key financial metrics for Liberty Shoes for the quarter and year ended March 31, 2026:

Assets and Liabilities

The company’s total assets as of March 31, 2026, stood at ₹52,265.37 lakh, up from ₹49,663.32 lakh in the previous year. Non-current assets increased to ₹19,852.29 lakh, while current assets were recorded at ₹32,413.08 lakh. On the liabilities side, total equity and liabilities amounted to ₹52,265.37 lakh, with total equity at ₹23,378.49 lakh.

Auditor’s Emphasis

The statutory auditors drew attention to arrangements with partnership firms, in which some directors are partners, regarding the usage of tangible and intangible assets. These arrangements are set to expire on March 31, 2028. Management represented that the company expects to acquire, renew, or implement alternative strategies to ensure operational continuity, and no adjustments have been made to the financial statements in this regard.