MetroGlobal Limited has submitted its mandatory annual declaration regarding share encumbrance by promoters for the financial year ended March 31, 2026. The filing, made under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011, confirms that no share encumbrance occurred during the period.

Regulatory Compliance Declaration

The disclosure was formally submitted to BSE Limited by Company Secretary and Compliance Officer Hetal Koradia on April 01, 2026. The filing includes a comprehensive declaration from promoter Rahul G. Jain, who submitted the information on behalf of all promoters and promoter group members.

Promoter Declaration Details

Rahul Gautamkumar Jain, serving as both promoter and CFO of MetroGlobal Limited, formally declared that members of the promoter and promoter group, including persons acting in concert, made no encumbrance of shares during FY26. The declaration specifically states that no direct or indirect share encumbrance occurred throughout the financial year.

Corporate Governance Framework

The filing demonstrates MetroGlobal Limited's adherence to SEBI's regulatory framework for substantial acquisition disclosures. Company Secretary Hetal Koradia, holding ACS No. 56454, coordinated the submission process and ensured proper documentation. The declaration was digitally signed and includes proper authentication details as required by regulatory standards.

The disclosure was copied to the Audit Committee members and Company Secretary for internal record-keeping, ensuring comprehensive corporate governance compliance across all relevant stakeholders.

Metroglobal Limited has secured significant relief from the Securities Appellate Tribunal (SAT), Mumbai, which substantially reduced the company's market debarment period in a regulatory matter. The tribunal's order, pronounced on March 09, 2026, represents a major development in the ongoing proceedings related to Riddhi Siddhi Gluco Biols Limited & Others.

SAT Order Details and Impact

The Securities Appellate Tribunal has modified the original SEBI order dated August 11, 2021, providing substantial relief to Metroglobal Limited. The tribunal's decision in Appeal No. 617 of 2021 has resulted in a dramatic reduction of the restraint period.

Company's Response and Evaluation

While Metroglobal acknowledges the substantial relief granted by the SAT through the modification of the original SEBI order, the company has expressed concerns about the tribunal's decision. The company noted that several core submissions and legal arguments presented during the proceedings were not fully addressed in the final order.

The company is currently undertaking a comprehensive evaluation of the judgment's implications. Given that the relief is only partial and does not encompass all submissions made, Metroglobal is considering two potential courses of action:

• Accept the modified three-month restraint in the interest of prudence and finality
• Pursue further legal remedies to address the outstanding merits of the case

Regulatory Compliance and Future Updates

Metroglobal Limited has reaffirmed its commitment to full regulatory compliance throughout this process. The company has indicated that it will provide further updates to the stock exchange only if it decides to pursue an appeal before higher courts. Otherwise, the company will proceed in accordance with the modified directions of the Securities Appellate Tribunal.

Disclosure Requirements

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has been made available on the company's website at www.metrogloballimited.com , ensuring transparency for all stakeholders.

This development marks a significant milestone in the regulatory proceedings that began with the original SEBI order in August 2021, providing Metroglobal with substantial relief while maintaining the company's options for further legal recourse if deemed necessary.