Metro Brands allots equity shares under ESOP 2008

Metro Brands Limited, a prominent player in the Indian retail sector, has allotted 34,721 equity shares of ₹ 5 each under its Metro Stock Option Plan ("ESOP 2008"). The allotment, approved by the Share Allotment and Transfer Committee on September 15, 2025, follows the exercise of options by eligible grantees.

This issuance has led to an increase in the company's paid-up share capital, which now stands at ₹ 1,361,647,310, up from ₹ 1,361,473,705. Consequently, the total number of equity shares has risen to 272,329,462 from 272,294,741. The exercise prices for these shares varied, including ₹ 228 for 31,632 shares, ₹ 403.10 for 1,937 shares, and ₹ 544.80 for 1,152 shares, with corresponding premiums.

The newly issued shares are identical to existing shares, and there are no lock-in provisions. The allotment adheres to the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and is consistent with the Metro Stock Option Plan, 2008. The company clarified that this allotment, while increasing share capital, is not deemed material in nature.