Metro Brands Limited has informed stock exchanges that it does not qualify as a Large Corporate under the Securities and Exchange Board of India (SEBI) framework as of March 31, 2026. The disclosure was submitted in compliance with SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, which governs fund raising through debt securities by large corporates.

Key Financial Position

The company's financial standing as of March 31, 2026, demonstrates its position outside the Large Corporate framework criteria:

The company clarified that its outstanding borrowing figure does not include Letter of Credit and other off-Balance Sheet facilities availed by the organization.

Regulatory Compliance

The disclosure was made to both major Indian stock exchanges where Metro Brands shares are listed. The company submitted the required Annexure A format as prescribed in the SEBI circular to ensure full compliance with regulatory requirements.

The SEBI framework for Large Corporates primarily focuses on entities with significant borrowing levels and mandates specific disclosure and compliance requirements for fund raising through debt securities. Companies falling under this framework face additional regulatory obligations regarding their borrowing activities and debt issuance processes.

Credit Rating Status

Metro Brands maintains a strong credit profile with CARE AA rating and stable outlook, along with CARE A1+ rating. This rating reflects the company's financial stability and creditworthiness, despite not meeting the threshold criteria for Large Corporate classification under the SEBI framework.

The disclosure was signed by Deepa Sood, SVP – Legal, Company Secretary & Compliance Officer, and Kaushal Parekh, Chief Financial Officer, confirming the accuracy of the submitted information and the company's compliance status under the applicable SEBI regulations.

Metro Brands Limited has submitted its quarterly compliance certificate for demat/remat of shares to both BSE and NSE, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The submission was made on April 09, 2026, covering the quarter ended March 31, 2026.

Regulatory Compliance Details

The compliance certificate was filed under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate was issued by MUFG Intime India Private Limited (formerly Link Intime India Private Limited), which serves as the company's Registrar and Share Transfer Agent.

Certificate Confirmation

MUFG Intime India Private Limited confirmed that all securities received from depository participants for dematerialization during the quarter ended March 31, 2026 were properly processed. The registrar confirmed that securities were accepted or rejected to the depositories within prescribed timelines and that all securities comprised in the certificates have been listed on stock exchanges where the earlier issued securities are listed.

Process Verification

The compliance certificate confirms several key aspects of the dematerialization process:

• Security certificates received for dematerialization were confirmed or rejected appropriately
• Security certificates received were mutilated and cancelled after due verification by the depository participant
• Names of the depositories were substituted in the register of members as registered owners within prescribed timelines
• All regulatory requirements under SEBI regulations were met during the quarter

Filing Authority

The compliance certificate was signed by Deepa Sood, Senior Vice President-Legal, Company Secretary & Compliance Officer of Metro Brands Limited, with membership number 16019. The certificate from MUFG Intime India Private Limited was signed by Ashok Shetty, Senior Vice President-Corporate Registry, dated April 3, 2026.

This quarterly filing demonstrates Metro Brands Limited's adherence to regulatory compliance requirements and proper maintenance of shareholder records through its registrar and transfer agent.