Liberty Shoes

NCLAT junks plea of Liberty Shoes' former CEO seeking ease of norms

Appellate tribunal NCLAT has dismissed the petition of Adesh Kumar Gupta, former CEO and Executive Director of Liberty Shoes, seeking an exemption from minimum shareholding norm to file a case of oppression and mismanagement against the company. Gupta has 5.83 per cent shareholding in Liberty Shoes. He was removed as an executive director of Liberty Shoes on September 30, 2023 and ceased to be the chief executive officer (CEO) of the company. However, the company informed the stock exchange about his removal from the board on November 21, a day after the Chandigarh bench of the National Company Law Tribunal (NCLT), on November 20 last year, dismissed his earlier plea. Gupta then moved NCLAT and sought a waiver under section 244 of the Companies Act in order to file a petition under Section 241, alleging oppression and mismanagement against him by the majority promoter block on the board. As per norms, a plea alleging oppression and mismanagement under Section 241 should be backed

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Liberty Shoes ousts Exec-Director Adesh Gupta after NCLT rejects his plea

Liberty Shoes has removed its Executive Director Adesh Kumar Gupta from the board after the National Company Law Tribunal (NCLT) dismissed his petition seeking exemption on requirements to file a plea, according to a regulatory filing. Gupta, who along with some other shareholders holds 5.83 per cent of the company, had filed a plea under Section 244 of the Companies Act, 2013, seeking waiver in requirements to file a plea alleging oppression and mismanagement. To file a plea alleging oppression and mismanagement, which is done under Section 241, it should be backed by at least one-tenth of the total number of the issued share capital of the company. However, NCLT has powers to waive this requirement in special circumstances. Gupta had approached NCLT seeking this waiver, which was rejected on November 20, 2023, according to a regulatory filing by Liberty Shoes on Tuesday. Earlier, NCLT had given a go-ahead to the Annual General Meeting of Liberty Shoes in which a special notice w

Footwear stocks rally; Khadim, Liberty Shoes, Superhouse zoom up to 20%

Bata India, Metro Brands, Sreeleathers, Relaxo Footwears and Campus Activewear were up in the range of 2 per cent to 7 per cent

Footwear shares extend rally; Liberty Shoes, Campus Activewear at new highs

Union Minister Piyush Goyal on Friday said India's footwear sector has immense potential, and it can increase production and exports 10 times in the near future.

Liberty Shoes hits multi-yr high on strong outlook; stock up 104% in 1-mnth

Going ahead, the company aims to grow by 30 per cent in the year 2022-23 and is confident enough to achieve the highest ever top line and Profit before tax (PBT) in the year 2022-23

Stock of this footwear company has zoomed 60% thus far in September

Shares of Liberty Shoes hit a fresh four-year high at Rs 270.40, surging as much as 8 per cent in Wednesday's intra-day trade, in an otherwise a weak market.

Liberty Shoes surges 17%, hits over four-year high on heavy volumes

Till 12:38 PM, nearly 2.75 million equity shares, representing 16 per cent of total equity of Liberty Shoes, had changed hands on the NSE

Footwear stocks in focus: Metro Brands, Campus can gain 10%, charts show

Among individual stocks, Liberty Shoes has witnessed a 'Golden Cross' on the daily chart, and can potentially rally up to 15 per cent.

Footwear shares rally upto 18% after Campus IPO opens for subscription

Khadim India surged 18% to Rs 274, while Liberty Shoes surged 13% to Rs 177.95, followed by Superhouse (11% to Rs 209) and Mirza International (6% to Rs 230).

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Bata India, Relaxo, Khadim India: Time to step into footwear stocks?

Is it a good time to buy footwear-related stocks as the economy opens up more and people prepare to head back to offices? Here's how they look on the technical charts

Liberty Shoes zooms 39% in two days after Equity Intelligence buys 2% stake

The stock hit 52-week high of Rs 283, up 16% in intra-day trade, extending its previous day's rally on NSE.