Metro Brands filed its Business Responsibility and Sustainability Report (BRSR) for FY26 on August 24, 2026. The footwear retailer disclosed it diverted 4,892 tonnes of old discarded footwear from landfills, processing approximately 12.5 million pairs through recycling and co-processing.

The company generated 1,42,322.6 kWh of renewable energy via solar installations at its warehouses. Total Scope 1 and Scope 2 greenhouse gas emissions stood at 21,149.33 metric tonnes of CO2 equivalent.

Environmental Performance

Metro Brands reported total energy consumption of 1,11,159.86 GJ for the year. Renewable sources accounted for 512.21 GJ, representing 0.46% of total energy usage. Non-renewable electricity consumption was 1,05,349.78 GJ.

Water withdrawal totaled 1,14,382.7 kilolitres, entirely from third-party sources. Water consumption was estimated at 22,876.54 kilolitres. The company discharged 91,506.16 kilolitres of water, categorized under "Others" with no treatment specified.

Waste Management

The entity generated 58 tonnes of direct waste, comprising 57 tonnes of plastic waste and 1.22 tonnes of e-waste. Plastic waste recycled amounted to 57 tonnes, while e-waste was safely disposed of.

Through its CSR-funded Old Discarded Footwear (ODF) initiative, the company processed 4,892 tonnes of waste. Of this volume, 76 tonnes were recycled and 4,816 tonnes were co-processed in waste-to-energy plants. This initiative contributed to an estimated GHG mitigation of approximately 314 tCO2e.

Social and Governance Metrics

Metro Brands employed 6,854 individuals, including 5,179 permanent employees. Female representation among permanent employees was 11.64%. The turnover rate for permanent employees was 51.48% in FY26, compared to 51.47% in FY25.

The company spent 0.11% of total revenue on employee well-being measures. All permanent employees were covered by health insurance and accident insurance. Maternity benefits covered 100% of female permanent employees.

Supply Chain and Procurement

Procurement from Micro, Small, and Medium Enterprises (MSMEs) accounted for 48% of total inputs, up from 43% in the previous year. Domestic sourcing remained stable at 95%.

The company assessed 52% of its value chain partners by business value for ESG parameters. Total purchases from trading houses reached ₹1,385.41 crore, with the top 10 trading houses contributing 42.79% of this volume.

What the Numbers Show

Customer complaints surged to 33,970 in FY26 from 28,639 in FY25, yet all were resolved within the year. This increase coincides with a rise in total sales to ₹2,797.16 crore from ₹2,449.61 crore, suggesting complaint volume is scaling proportionally with transaction growth rather than indicating a drop in service quality.

Metro Brands has scheduled its 49th Annual General Meeting for Wednesday, September 16, 2026. The meeting will be conducted via video conference to transact ordinary business, including the adoption of FY26 financial statements, and special business related to director appointments and employee stock option schemes.

The Board of Directors recommended a final dividend of ₹3 per equity share with a face value of ₹5 each. This recommendation is subject to shareholder approval at the upcoming AGM. The record date for determining dividend eligibility is fixed as Friday, September 4, 2026.

Key Agenda Items

The notice includes several significant resolutions for shareholder approval:

• Reappointment of Managing Director: Shareholders will vote on the reappointment of Ms. Farah Malik Bhanji as Managing Director for five years, effective April 1, 2027. The proposed remuneration ceiling is ₹10 crore per annum, an increase from the previous limit of ₹7 crore. Her actual remuneration in FY25-26 was ₹3.86 crore.
• New Independent Director: Appointment of Mr. Sonny Iqbal as an Independent Director for a term of five years, commencing August 5, 2026.
• Chairman Remuneration: Approval of remuneration for Non-Executive Chairman Mr. Rafique Abdul Malik for FY26-27, which exceeds 50% of the total annual remuneration payable to all non-executive directors.
• Employee Stock Options: Introduction of the 'Metro Brands Limited – Employee Stock Option Scheme 2026' (ESOS 2026) with a pool of up to 54,50,000 options. Simultaneously, the existing 'METRO Stock Option Plan 2008' pool will be reduced to 14,10,637 options, with unallocated options transferred to the new scheme.

Dividend and Meeting Details

The AGM will be held through Video Conferencing/Other Audio-Visual Means in compliance with the Companies Act, 2013, and SEBI Listing Regulations. Members attending via VC/OAVM will be counted towards the quorum. If declared, the final dividend will be paid within 30 days of the AGM.

Document Availability

The annual report and notice are being sent electronically to members who have registered their email addresses with the company, Registrar and Transfer Agent, or Depository Participants. For members without registered emails, a letter containing a weblink and QR code to access the documents on the company’s website has been dispatched.

Shareholders are requested to register their email addresses with their Depository Participants to receive future communications electronically. The facility for remote e-voting and voting during the AGM will be provided to all eligible members.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE317I01021/58709615-f81c-4c4e-b6eb-6189d49b19eb.pdf