Liberty Shoes promoter Arpan Gupta sells 10,000 shares in open market
Arpan Gupta, representing Dinesh Kumar Gupta HUF, sold 10,000 equity shares of Liberty Shoes Ltd on 25 June 2026, reducing the promoter’s holding to 3.14 lakh shares (1.846% of voting capital).
What Liberty Shoes announced
On 3 July 2026, Liberty Shoes Limited filed a disclosure with the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing informs that Arpan Gupta, Karta of Dinesh Kumar Gupta HUF, a member of the promoter group, sold 10,000 equity shares of the company on 25 June 2026 through the open market. The disclosure was submitted on 26 June 2026 and recorded by the exchanges on 3 July 2026.
"I, Arpan Gupta Karta of Dinesh Kumar Gupta HUF … wish to inform you that I have sold 10,000 equity shares of the Company on 25.06.2026 respectively through open market." – excerpt from the filing.
The sale does not alter the authorised or issued share capital of Liberty Shoes, which remains Rs 17.04 crore, divided into 1,70,40,000 equity shares of Rs 10 each.
Details of the share disposal
- Mode of disposal: Open‑market transaction.
- Date of sale: 25 June 2026.
- Shares sold: 10,000 equity shares carrying voting rights.
- Pre‑sale holding (promoter group): 3,24,594 shares, representing 1.905 % of total voting capital.
- Post‑sale holding (promoter group): 3,14,594 shares, representing 1.846 % of total voting capital.
- Share of total capital sold: 0.059 % of the company’s total share capital.
The filing also provides a detailed annexure listing all persons acting in concert (PAC) with the seller. The key figures from the annexure are summarised below:
| Person (PAC) | Shares before sale | % of total voting capital (before) | Shares sold | % of total voting capital (sold) | Shares after sale | % of total voting capital (after) |
|---|---|---|---|---|---|---|
| Arpan Gupta (individual) | 5,09,211 | 2.988 % | – | – | 5,09,211 | 2.988 % |
| Arpan Gupta Karta of Dinesh Kumar Gupta HUF | 3,24,594 | 1.905 % | 10,000 | 0.059 % | 3,14,594 | 1.846 % |
| Adesh Kumar Gupta HUF | 6,80,000 | 3.991 % | – | – | 6,80,000 | 3.991 % |
| Adeesh Kumar Gupta HUF | 6,60,000 | 3.873 % | – | – | 6,60,000 | 3.873 % |
| (Other PAC members) | – | – | – | – | – | – |
The annexure lists a total of 17 persons acting in concert, each holding between 0.88 % and 3.99 % of the voting capital. No other PAC member disposed of shares on the same date.
Regulatory framework
Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 requires any promoter, promoter group member, or person acting in concert with them to disclose any acquisition or disposal of shares that results in a change in shareholding, irrespective of the size of the transaction. The purpose is to ensure market transparency and to give investors timely information about changes in control or influence over a listed entity.
Liberty Shoes complied by:
- Submitting a written notice to the Listing Officers of BSE and NSE.
- Providing a detailed breakdown of pre‑ and post‑transaction holdings.
- Attaching an annexure that lists all persons acting in concert and their respective holdings.
The filing satisfies the statutory deadline of two trading days from the date of the transaction, as the sale occurred on 25 June 2026 and the notice was dated 26 June 2026.
Shareholding structure of the promoter group
The promoter group of Liberty Shoes is largely controlled by the Gupta family and associated HUFs. Prior to the 10,000‑share sale, the combined promoter holding stood at 3,24,594 shares (1.905 % of voting capital). After the disposal, the combined holding fell to 3,14,594 shares (1.846 % of voting capital).
While the absolute number of shares sold is modest, the filing underscores the importance of monitoring promoter activity, especially in companies where the promoter base is fragmented across multiple HUFs and individuals. The detailed annexure enables investors to track any future changes in the composition of the promoter group.
Key facts at a glance
| Detail | Value |
|---|---|
| Company | Liberty Shoes Ltd |
| BSE Code | 526596 |
| Filing date | 3 July 2026 |
| Disclosed transaction date | 25 June 2026 |
| Seller (PAC) | Arpan Gupta, Karta of Dinesh Kumar Gupta HUF |
| Shares sold | 10,000 equity shares |
| Mode of sale | Open market |
| Pre‑sale promoter holding | 3,24,594 shares (1.905 % of voting capital) |
| Post‑sale promoter holding | 3,14,594 shares (1.846 % of voting capital) |
| Share of total capital sold | 0.059 % |
| Total share capital | Rs 17.04 crore (1,70,40,000 shares) |
| Regulatory basis | SEBI Regulation 29(2) (SAST) |
Why this matters for investors
The transaction is non‑material in terms of percentage of share capital, but it is material from a compliance perspective. The disclosure:
- Confirms that the promoter group continues to hold a stable stake above 1.8 % after the sale.
- Demonstrates Liberty Shoes’ adherence to SEBI’s transparency requirements, reducing regulatory risk.
- Provides a clear record of the promoter’s intent to maintain rather than increase their shareholding, which may be relevant for investors tracking promoter confidence.
- Offers a baseline for future monitoring; any subsequent disposals or acquisitions by the same PAC will be measured against this disclosed position.
No dilution of equity, no change to voting rights beyond the modest reduction, and no impact on the company’s capital structure are expected from this isolated sale.
Conclusion
Liberty Shoes Ltd has fulfilled its regulatory obligation by reporting the open‑market sale of 10,000 shares by Arpan Gupta, Karta of Dinesh Kumar Gupta HUF, on 25 June 2026. The sale reduced the promoter’s holding to 3,14,594 shares, or 1.846 % of the total voting capital, a marginal change that does not affect the company’s capital base. The filing provides investors with a transparent view of promoter activity and satisfies SEBI’s disclosure requirements. Future changes in promoter holdings will be disclosed in a similar manner, allowing shareholders to track any shifts in control or influence.
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Source filing: view original