Metro Brands Appoints PwC as Internal Auditor for 3 Years
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.

*this image is generated using AI for illustrative purposes only.
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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 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?


































