Liberty Shoes Ltd has informed BSE that the members at the 23rd Annual General Meeting (AGM) of the Company held on September 30, 2009, inter alia, have approved the following:

1. Consideration and adoption of the Audited Profit and Loss Account for the financial year ended March 31, 2009 and Balance Sheet as at that date together with the Report of Directors & Auditors thereon.

2. Re-appointment of Sh. Vivek Bansal, Sh. Prem Chand Garg and Sh. Raghubar Dayal as Directors of the Company, who retired by rotation and being eligible offered themselves for re-appointment.

3. Re-appointment of M/s. Pardeep Tayal & Co., Chartered Accountants as Statutory Auditors of the Company to hold office from the conclusion of this Meeting until the conclusion of next Annual General Meeting on a remuneration as may be fixed by the Board.

4. Appointment of Sh. Sunil Bansal as Executive Director of the Company w.e.f. January 01, 2009 for a period of 5 years on such terms and conditions as may be fixed vide Service Agreement.

5. Re-appointment of Sh. Raman Bansal and Sh. Vivek Bansal to hold office or place of profit in the Company for a period of 5 years, which is subject to the approval of the Central Government.

6. Increase in the salary of Sh. Ayush Bansal, who is holding office or place of profit in the Company as Business Development Manager.

7. Appointment of Sh. Manan Bansal to hold office or place of profit in the Company as Manager-Resources for a period of 5 years.