Metro Brands Appoints Uttam Kumar as Chief Product Officer Effective May 04, 2026

Metro Brands Limited has announced the appointment of Mr. Uttam Kumar as Chief Product Officer & Senior Management Personnel, with effect from May 04, 2026. The disclosure was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant circulars issued in this regard.

Appointment Details

The company filed the intimation in compliance with SEBI Master Circular No. SEBIHO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The key details of the appointment, as disclosed under Regulation 30 of the Listing Regulations, are summarised below:

Parameter:	Details
Name:	Mr. Uttam Kumar
Designation:	Chief Product Officer & Senior Management Personnel
Reason for Change:	Appointment
Date of Appointment:	May 04, 2026
Term of Appointment:	Full-time appointment

Profile of the Appointee

Mr. Uttam Kumar brings over 20 years of transformational product leadership experience across India and the APAC region. He holds a bachelor's degree in footwear technology from FDDI and has worked across various roles and geographies throughout his career. His extensive background in product leadership is expected to complement Metro Brands' operations in the footwear segment.

Regulatory Compliance

The intimation was signed by Deepa Sood, SVP-Legal, Company Secretary & Compliance Officer (Membership No: 16019), on behalf of Metro Brands Limited. The company has stated that the above information will also be made available on its website at www.metrobrands.com .

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.15%	-4.40%	+8.25%	-10.16%	-7.15%	+105.86%

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.