Metro Brands Limited Allots 69,263 Equity Shares Under ESOP 2008 Scheme

1 min read     Updated on 16 Mar 2026, 03:36 PM
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Radhika SScanX News Team
Overview

Metro Brands Limited allotted 69,263 equity shares under ESOP 2008 on March 16, 2026, increasing paid-up capital to ₹ 1,36,27,33,690. The shares were issued at exercise prices ranging from ₹ 228 to ₹ 649.95 across different tranches. The allotment complies with SEBI regulations and the company stated it is not material in nature.

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Metro Brands Limited has announced the allotment of 69,263 equity shares under its Employee Stock Option Plan (ESOP 2008) on March 16, 2026. The Share Allotment and Transfer Committee of the Board of Directors approved the allotment through a resolution passed by circulation to eligible grantees who exercised their stock options.

Share Capital Impact

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 ₹ 1,36,23,87,375 ₹ 1,36,27,33,690
Total Equity Shares 27,24,77,475 27,25,46,738
Par Value per Share ₹ 5 ₹ 5

Exercise Price Details

The 69,263 equity shares were allotted at different exercise prices based on the grant tranches:

Number of Shares Exercise Price per Share Premium per Share
66,834 ₹ 228.00 ₹ 223.00
1,707 ₹ 488.25 ₹ 483.25
522 ₹ 563.36 ₹ 558.36
200 ₹ 649.95 ₹ 644.95

Regulatory Compliance

The allotment was conducted in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed information as required under Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Key regulatory details include:

  • ISIN Number: INE317I01021
  • Distinctive Numbers: 27,24,77,476 to 27,25,46,738
  • Allotment Date: March 16, 2026
  • Lock-in Period: Not applicable

Share Characteristics

The newly allotted shares are identical in all respects to the existing equity shares of the company. Metro Brands clarified that this allotment is not material in nature to the company's operations. The shares are listed on both BSE Limited (Scrip Code: 543426) and National Stock Exchange of India Limited (Symbol: METROBRAND).

The company's registered office is located at 401, Zillion, 4th Floor, LBS Marg & CST Road Junction, Kurla (West), Mumbai – 400070. The notification was signed by Deepa Sood, Senior VP – Legal, Company Secretary & Compliance Officer, with membership number 16019.

Historical Stock Returns for Metro Brands

1 Day5 Days1 Month6 Months1 Year5 Years
+0.59%-3.86%-14.45%-29.14%-14.56%+85.79%

Metro Brands Cancels Kotak's Chasing Growth Conference Due to Unforeseen Circumstances

1 min read     Updated on 26 Feb 2026, 06:02 PM
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Reviewed by
Riya DScanX News Team
Overview

Metro Brands Limited cancelled its participation in Kotak's Chasing Growth conference scheduled for February 26, 2026, from 2:00 pm to 5:00 pm. The company informed BSE and NSE through a regulatory filing under SEBI Regulation 30, citing unforeseen circumstances as the reason for cancellation. The physical group meeting was cancelled without specific details about the nature of the circumstances provided.

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*this image is generated using AI for illustrative purposes only.

Metro Brands Limited has cancelled its participation in Kotak's Chasing Growth conference, informing stock exchanges about the development through a regulatory disclosure on February 26, 2026.

Conference Cancellation Details

The company filed a disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under the provision for outcome of scheduled analyst/institutional investor meetings. The cancelled event details are outlined below:

Parameter: Details
Event Name: Kotak's Chasing Growth conference
Scheduled Date: February 26, 2026
Timing: 2:00 pm - 5:00 pm
Meeting Type: Group Meeting
Format: Physical
Reason: Unforeseen circumstances

Regulatory Compliance

The disclosure was made pursuant to Regulation 30(6) of SEBI regulations, which requires companies to inform exchanges about material events and developments. The filing was signed by Deepa Sood, Senior VP-Legal, Company Secretary & Compliance Officer, with membership number 16019.

Exchange Communication

Metro Brands communicated the cancellation to both major Indian stock exchanges - BSE Limited and National Stock Exchange of India Limited. The company requested the exchanges to take the cancellation information on record as part of standard regulatory compliance procedures.

The company did not elaborate on the specific nature of the unforeseen circumstances that led to the conference cancellation in its regulatory filing.

Historical Stock Returns for Metro Brands

1 Day5 Days1 Month6 Months1 Year5 Years
+0.59%-3.86%-14.45%-29.14%-14.56%+85.79%

More News on Metro Brands

1 Year Returns:-14.56%