Metro Brands Limited Reports Q1 Results and Announces Director Changes

Metro Brands Limited Reports Q1 Results and Announces Director Changes​

Metro Brands Limited held a Board meeting on August 04, 2026, during which it approved unaudited standalone and consolidated financial results for the quarter ending June 30, 2026. The company also announced significant updates regarding its directorship and planned corporate actions to be presented at its forthcoming Annual General Meeting (AGM).

Financial Performance Highlights (Quarter Ended June 30, 2026)​

The Board reviewed the unaudited financial results of the Company for the quarter ended June 30, 2026. These results were reviewed by the Statutory Auditors.

Key performance indicators from the Unaudiated Standalone Financial Results are detailed below (figures in Crores):


The unaudited consolidated financial results for the quarter ended June 30, 2026 are summarized as follows:

Governance and Board Restructuring​

The meeting addressed several key personnel changes within the company's management structure:

• Independent Director Cessation: Mr. Arvind Kumar Singhal, an Independent Director, completed his second term of five years and ceased to be a member of the board effective from the close of business hours on August 10, 2026.
• Director Appointments: The company announced the appointment of Mr. Sonny Iqbal as Additional Director (Non-Executive Independent Director), effective August 05, 2026, for a term of five years, pending shareholder approval at the AGM.
• Reappointment: Ms. Farah Malik Bhanji was recommended for re-appointment as Managing Director for five years, with effect from April 01, 2027, subject to shareholder approval.

Annual General Meeting (AGM) Details and Key Dates​

The board determined several dates relating to the upcoming AGM:

• AGM Date: The 49th Annual General Meeting is scheduled for Wednesday, September 16, 2026, via Video Conferencing / Other Audio-Visual Means.
• Dividend Record Date: Friday, September 04, 2026, has been set as the record date for shareholders eligible for the Final Dividend payment for the Financial Year 2025-26.
• Voting Cut-off Date: Wednesday, September 09, 2026, is the cut-off date to determine shareholder eligibility to vote on the resolutions proposed at the AGM.

Agenda Items for Shareholders Approval​

The Board approved several matters that will require ratification by the shareholders at the ensuing AGM, including:

• Amendment of 'METRO Stock Option Plan 2008' (ESOP 2008).
• Approval of the 'Metro Brands Limited - Employee Stock Option Scheme 2026' (ESOS 2026).
• Approval for granting options under ESOS 2026 to employees of subsidiary companies.
• Approval for a secondary acquisition of shares through Trust route, intended for implementing ESOP 2008 and ESOS 2026.

The company also released detailed information regarding the changes in its directorships, confirming Mr. Sonny Iqbal is not related to any director and Ms. Farah Malik Bhanji is the daughter of the Chairman and sister of a Whole-Time Director.

METROBRAND Stock Price Movement​

Today, Metro Brands Limited shares edged higher to settle at ₹1040.7 after gaining 0.49%. The stock saw a volume of 24,742 shares traded during the session as it closed for the day.