Liberty Shoes Limited — Others, 05-04-2025: Cessation

Liberty Shoes has announced the passing of Sh. Gautam Baid, an Independent Director, effective 4th April, 2025. His association with the company since 2022 significantly contributed to its strategic direction and governance. The Board and Management Committee express their condolences to his family. The company will comply with regulations by appointing a new Independent Director to fill this vacancy within the required timeframe. This transition might present a neutral impact on investor sentiment, but highlights the need for continued governance stability as the company adjusts to this change.