Metroglobal Limited has moved to secure leadership continuity by approving the re-appointment of its key executive directors for another five-year term. The Board of Directors, meeting on August 07, 2026, endorsed the recommendation of the Nomination and Remuneration Committee to retain Rahul Gautamkumar Jain as Whole-time Director and Gautamkumar Mithalal Jain as Executive Chairman & Managing Director. These appointments will take effect on November 12, 2026, following the conclusion of the company’s 34th Annual General Meeting (AGM), where they require final shareholder approval.

The decision ensures stability in the company’s top management structure through the 39th AGM. The Board cited the extensive experience of both directors as central to the approval. Mr. Gautam Mithalal Jain, aged about 74, is a Science Graduate and holds a degree in Law (LL.B.). He has played a vital role in shaping Metroglobal’s business strategy and provides ongoing strategic guidance. His deep industry understanding is considered a valuable asset for the company’s continued operations.

Mr. Rahul Gautamkumar Jain, aged about 42, brings over a decade of association with the company. He holds a Bachelor's Degree in Management Studies from the United States of America, specializing in Marketing and Finance. His expertise spans strategic planning, business development, finance, and corporate management. The re-appointment recognizes his contributions to these core areas during his tenure.

The filing discloses familial relationships between the two appointees, noting that Mr. Rahul G. Jain is the son of Mr. Gautam M. Jain and the spouse of Mrs. Krati R. Jain. Conversely, Mr. Gautam M. Jain is identified as the father of Mr. Rahul G. Jain and father-in-law of Mrs. Krati R. Jain. Both directors are confirmed not to be debarred from holding office under any SEBI order or other authority, satisfying regulatory compliance requirements.

The re-appointments were made in accordance with Regulation 30 and Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, and BSE Circular No. LIST/COMP/14/2018-19 along with NSE Circular No. NSE/CML/2018/24 dated June 20, 2018, regarding director disclosures. Shareholders will vote on these resolutions at the ensuing general meeting.

Director Re-appointment Details

Governance and Compliance

The Board’s resolution aligns with standard corporate governance practices for listed entities in India. By securing shareholder approval, Metroglobal Limited ensures that its leadership structure remains compliant with SEBI listing obligations. The clear disclosure of relationships between directors enhances transparency for investors reviewing the governance framework ahead of the AGM.

Metroglobal Limited has completed the three-month restraint period from accessing the securities market, following an order by the Securities Appellate Tribunal (SAT). The company confirmed on June 09, 2026, that it has fully complied with the directions issued by the SAT in its order dated March 09, 2026. This development marks the conclusion of the debarment period that restricted the company's participation in the securities market.

The SAT had modified the directions contained in an earlier order dated August 11, 2021, passed by the Whole Time Member of SEBI. The March 09, 2026 order reduced the period of restraint imposed on the company to three months from the date of the SAT order. Metroglobal Limited stated that it has duly adhered to these directions and has discharged its obligations under the said order.

The disclosure was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided details regarding the completion of the debarment period in Annexure – A, which accompanied the regulatory filing.

Details of Proceedings

The following table outlines the status of the proceedings as disclosed by the company:

The information regarding the completion of the debarment period has also been uploaded on the company’s official website. Hetal Koradia, Company Secretary and Compliance Officer, signed the disclosure submitted to the exchange.