The Board of Directors of Liberty Shoes Ltd at its meeting held on October 13, 2014, has during the first half of the financial year 2015 added 37 new exclusive stores in Company Owned & Company Operated (COCO) and franchisee format under its retail expansion programme. The Company has further ambitious plans to expand its existing number of stores in future also.

The credit rating of Long Term Bank Facilities of the Company has been upgraded to "A (-)" by the Leading Credit Rating Agency during the quarter under consideration.

The Company has paid Dividend @ 15% on Equity Shares Capital of the Company for financial year ended March 31, 2014 with due approval of the Shareholders in 28th Annual General Meeting held on September 29, 2014.

The Board also observed the necessity of Independent Director on the Board of the Company consequent to the resignation of one of Independent Director in compliance with the Listing Agreements and has initiated the process of filling the said vacancy.

Shares of LIBERTY SHOES LTD. was last trading in BSE at Rs.295.6 as compared to the previous close of Rs. 315.4. The total number of shares traded during the day was 128324 in over 6160 trades.

The stock hit an intraday high of Rs. 319 and intraday low of 294. The net turnover during the day was Rs. 38973095.

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