Metro Brands Appoints PwC as Internal Auditor for 3 Years

0 min read     Updated on 21 May 2026, 01:28 AM
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Metro Brands Limited has appointed M/s. PricewaterhouseCoopers Services LLP as its Internal Auditor for a three-year term starting FY 2026-27. The Board approved the appointment on May 20, 2026, following the Audit Committee's recommendation.

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Metro Brands has announced the appointment of M/s. PricewaterhouseCoopers Services LLP as its Internal Auditor. The decision was taken by the Board of Directors during a meeting held on May 20, 2026, based on the recommendation of the Audit Committee.

The appointment is for a term of three financial years, covering FY 2026-27, FY 2027-28, and FY 2028-29. PwC India, a leading professional services network, will provide assurance, tax, consulting, and advisory services to the company.

Appointment Details

The table below outlines the key details regarding the new appointment:

Particulars Details
Name of the Auditor M/s. PricewaterhouseCoopers Services LLP ("PwC")
Reason for Change Appointment as Internal Auditors
Date of Appointment May 20, 2026
Term of Appointment Three (3) financial years (FY 2026-27 to FY 2028-29)

The company has disclosed that there are no specific relationships between directors requiring additional disclosure under the relevant circulars. This information has been submitted to the BSE Limited and the National Stock Exchange of India Ltd in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Historical Stock Returns for Metro Brands

1 Day5 Days1 Month6 Months1 Year5 Years
-0.26%-1.94%+0.89%-6.31%-14.34%+109.18%

How might PwC's appointment as internal auditor influence Metro Brands' governance practices and potentially impact investor confidence over the three-year term?

Could the transition to PwC as internal auditor signal Metro Brands' preparation for significant expansion, acquisitions, or capital market activities in the near future?

What improvements in internal controls or risk management frameworks might Metro Brands implement following PwC's onboarding, particularly given the competitive retail footwear market?

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

1 min read     Updated on 05 May 2026, 05:44 AM
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Metro Brands Limited has appointed Mr. Uttam Kumar as Chief Product Officer & Senior Management Personnel with effect from May 04, 2026. The appointment was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Uttam Kumar brings over 20 years of transformational product leadership experience across India and the APAC region and holds a bachelor's degree in footwear technology from FDDI. The disclosure was filed by Company Secretary Deepa Sood on behalf of Metro Brands Limited.

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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 .

Historical Stock Returns for Metro Brands

1 Day5 Days1 Month6 Months1 Year5 Years
-0.26%-1.94%+0.89%-6.31%-14.34%+109.18%

How might Uttam Kumar's APAC experience influence Metro Brands' product strategy and potential expansion into new international markets?

Could the appointment of a dedicated Chief Product Officer signal Metro Brands' plans to accelerate private label development or launch new footwear product lines?

How will this leadership addition impact Metro Brands' competitive positioning against fast-growing D2C footwear brands and global players entering the Indian market?

More News on Metro Brands

1 Year Returns:-14.34%