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Incorporated in 1995, Libas Consumer Products Ltd is an SME which is engaged in two major businesses Ethnic Fashion and Gangji Rock Salt
Libas Consumer Products announced a book closure for equity shares, a standard procedure. This action is essential for preparing for the upcoming Annual General Meeting.
Libas Consumer Products' board has approved convening its 22nd Annual General Meeting. This important operational development will address company matters, with further details expected soon for shareholders.
Libas Consumer Products' board approved a Rights Issue to raise up to ₹14.50 Cr by issuing equity shares. A committee has been formed to oversee this fundraise, which aims to support the company's growth initiatives.
Promoter & Director Mr. Riyaz Ganji's non-bailable warrant has been vacated. He will pay ₹2.20 Cr to settle all claims. This update removes a key personal legal overhang.
Libas will import high-purity rock salt raw material from Egypt for processing and sale in India. This strategic sourcing is valued at ₹8-10 Cr for the current financial year, enhancing product offerings and market penetration.