Metro Brands Limited has completed the allotment of 39,771 equity shares under its Employee Stock Option Plan (ESOP 2008) on December 11, 2025. The Share Allotment and Transfer Committee of the Board of Directors approved this allotment through a circular resolution passed on the same date, enabling eligible grantees to exercise their stock options.

Share Capital Enhancement

The allotment has resulted in an increase in the company's paid-up share capital. The following table shows the capital structure before and after the allotment:

The newly allotted shares carry distinctive numbers from 27,23,94,221 to 27,24,33,991 and are identified by ISIN number INE317I01021.

Exercise Price Structure

The 39,771 equity shares were allotted at different exercise prices based on the grant terms. The pricing structure for the allotment is detailed below:

Regulatory Compliance

The allotment was conducted in accordance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Metro Brands had initially filed the required statements with BSE Limited on May 23, 2022 (Case No. 150501) and with National Stock Exchange of India Limited on May 27, 2022 (Application No. 30829).

The company has clarified that this share allotment is not material in nature. The newly issued shares are identical in all respects to the existing equity shares and do not carry any lock-in restrictions. No listing fees are applicable for this allotment, and no share certificates will be issued as the shares are in demat form.

Metro Brands Limited , a leading footwear retailer in India, has made a significant move into the athletic footwear retail segment with the launch of MetroActiv, a new multi-brand athletic shoe store concept. This strategic expansion marks the company's most ambitious step yet into the athletic footwear category, following its successful introduction of global athleisure and lifestyle brands.

Nationwide Expansion

MetroActiv has kicked off its operations with the opening of its first three outlets in Indore, Jodhpur, and Dehradun. Simultaneously, the company has launched an e-commerce platform at Metroactiv.com, ensuring a seamless omnichannel experience for customers across India.

Store Concept and Design

Each MetroActiv store is designed as a vibrant, high-energy arena that blends global design aesthetics with local engagement. The stores, ranging from 3,000 to 6,000 square feet, serve as retail and experiential hubs, offering a wide range of products from global performance brands.

Product Offerings

MetroActiv brings together an impressive lineup of global athletic and sportswear brands under one roof. The stores offer a diverse assortment of footwear, apparel, and accessories from renowned brands such as:

The product range caters to various athletic needs, including running, training, lifestyle, and outdoor performance.

Unique Features

MetroActiv distinguishes itself through several unique features:

1. Expert Guidance: Each store is staffed with highly trained 'Pacers' — performance advisors who provide authentic fitness expertise and product guidance.
2. Community Engagement: MetroActiv aims to foster a community of fitness enthusiasts through collaborations with local running clubs, fitness groups, and sports enthusiasts.
3. Integrated Online Platform: The e-commerce website complements the physical stores and includes wellness tools such as a Calorie Counter, Nutrition Tracker, and BMI Calculator.

Strategic Vision

Nissan Joseph, Chief Executive Officer of Metro Brands Limited, emphasized the strategic importance of MetroActiv, stating, "MetroActiv represents the natural evolution of Metro Brands Limited's commitment to innovation and consumer-centricity. India is at an inflection point where fitness, fashion, and functionality converge, and MetroActiv is designed to champion this shift."

The launch of MetroActiv aligns with Metro Brands' vision to become the most trusted name in athletic sportswear retail, reinforcing its commitment to innovation and leadership in the footwear and athleisure segment.

As India's active lifestyle market continues to grow, MetroActiv is positioned to play a significant role in shaping the future of athletic footwear retail in the country. With its combination of premium brands, expert guidance, and community focus, MetroActiv aims to inspire and enable Indians to embrace a more active lifestyle.