Metro Brands Limited Allots 14,730 Equity Shares Under ESOP 2008, Increases Paid-Up Share Capital

Metro Brands Limited has successfully completed the allotment of 14,730 equity shares under its Metro Stock Option Plan (ESOP 2008) on April 29, 2026. The Share Allotment and Transfer Committee of the Board of Directors approved this allotment through a resolution passed by circulation, enabling eligible grantees to exercise their stock options.

Share Capital Enhancement

The allotment has resulted in an increase in the company's paid-up share capital structure:

Parameter: Before Allotment After Allotment Paid-up Share Capital: ₹ 1,36,27,33,690 ₹ 1,36,28,07,340 Total Equity Shares: 27,25,46,738 27,25,61,468 Par Value per Share: ₹ 5 ₹ 5

ESOP Exercise Details

The stock option exercise was conducted under the Metro Stock Option Plan 2008, with shares allocated at different price points:

Exercise Details: Specifications Total Shares Allotted: 14,730 equity shares Exercise Price (Batch 1): ₹ 228 for 12,149 shares Premium Price (Batch 2): ₹ 585.76 for 2,581 shares Allotment Date: April 29, 2026 Distinctive Numbers: 27,25,46,739 - 27,25,61,468

Regulatory Compliance

Metro Brands Limited has filed the necessary documentation with both BSE Limited and National Stock Exchange of India Limited, where the company's shares are listed. The notification complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The company has clarified that this share allotment is not material in nature. The newly issued shares are identical in all respects to the existing equity shares and carry no lock-in restrictions. The shares have been issued in demat form under ISIN number INE317I01021.

Corporate Structure

Metro Brands Limited, headquartered at 401, Zillion, 4th Floor, LBS Marg & CST Road Junction, Kurla (West), Mumbai – 400070, continues to maintain its listing status on both major Indian stock exchanges. The ESOP 2008 scheme filing was originally completed with BSE on May 23, 2022, and with NSE on May 27, 2022, under case numbers 150501 and application number 30829 respectively.

Metro Brands Limited has informed stock exchanges that it does not qualify as a Large Corporate under the Securities and Exchange Board of India (SEBI) framework as of March 31, 2026. The disclosure was submitted in compliance with SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, which governs fund raising through debt securities by large corporates.

Key Financial Position

The company's financial standing as of March 31, 2026, demonstrates its position outside the Large Corporate framework criteria:

Parameter Details Outstanding Borrowing NIL Credit Rating CARE AA; Stable / CARE A1+ Company Identification Number L19200MH1977PLC019449 Classification Status Not a Large Corporate

The company clarified that its outstanding borrowing figure does not include Letter of Credit and other off-Balance Sheet facilities availed by the organization.

Regulatory Compliance

The disclosure was made to both major Indian stock exchanges where Metro Brands shares are listed. The company submitted the required Annexure A format as prescribed in the SEBI circular to ensure full compliance with regulatory requirements.

The SEBI framework for Large Corporates primarily focuses on entities with significant borrowing levels and mandates specific disclosure and compliance requirements for fund raising through debt securities. Companies falling under this framework face additional regulatory obligations regarding their borrowing activities and debt issuance processes.

Credit Rating Status

Metro Brands maintains a strong credit profile with CARE AA rating and stable outlook, along with CARE A1+ rating. This rating reflects the company's financial stability and creditworthiness, despite not meeting the threshold criteria for Large Corporate classification under the SEBI framework.

The disclosure was signed by Deepa Sood, SVP – Legal, Company Secretary & Compliance Officer, and Kaushal Parekh, Chief Financial Officer, confirming the accuracy of the submitted information and the company's compliance status under the applicable SEBI regulations.

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