Pursuant to Regulation 34(1) read with Regulation 30 of SEBI Listing Regulations, we are enclosing herewith the Annual Report of the Company including the Business Responsibility and Sustainability ....

Date: August 24, 2026 To, To, The Manager The Manager Listing Department Listing Department BSE Limited National Stock Exchange of India Ltd Phiroze JeeJeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, Mumbai – 400001 G Block, Bandra Kurla Complex, Maharashtra Bandra (East), Mumbai – 400051 Scrip code: 543426 Symbol: METROBRAND Sub: Regulation 34(1) read with Regulation 30 - Disclosure under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) - Annual Report for the Financial Year (“FY”) ended March 31, 2026 Dear Sir / Madam, This is to inform that the 49th Annual General Meeting (“AGM”) of the Company is scheduled to be held on Wednesday, September 16, 2026 at 03:00 P.M. (IST) through Video Conferencing/Other Audio Visual Means (“VC/OAVM”) in compliance with the applicable provisions of the Companies Act, 2013 read with the rules made thereunder, the Listing Regulations and applicable circulars issued by the Ministry of Corporate Affairs and SEBI in this regard. In terms of the requirements of Regulation 34(1) of the Listing Regulations, we are submitting herewith the Annual Report of the Company including the Business Responsibility and Sustainability Report (BRSR) and the Notice of AGM for the FY 2025-26, which is being sent through electronic mode to those Members whose e-mail addresses are registered with the Company/Registrar and Transfer Agent (“RTA”)/Depository Participants (“DPs”). Further, in accordance with Regulation 36(1)(b) of the Listing Regulations, the Company is also sending a letter to those Members whose e-mail addresses are not registered with the Company/RTA/DPs, providing the weblink and QR Code from where the Annual Report for FY 2025-26 can be accessed on the Company’s website. The said Annual Report and the Notice is also uploaded on the Company’s website at www.metrobrands.com. We request you to take the same on record. Thanking you, Yours Faithfully, For Metro Brands Limited Deepa Sood Chief Legal Officer, Company Secretary & Compliance Officer Membership No. 16019 Encl: As Above Metro Brands Limited 49th Annual Report 2025-26 C O N T E N T S Corporate overview Statutory reports 01 Guiding Principles 20 Store Formats 44 Management Discussion & Analysis 01 Our North Star 25 Designed for Every 51 Directors’ Report Consumer 72 Business Responsibility and A Thousand Sustainability Report 03 Steps Forward 26 E-commerce Operations 120 Corporate Governance Report 27 The Digital Storefront GUI DIN G PRI NCI PLES Highlights FY 2025-26 04 Financial reports 05 A Year of Making More 28 Retail Network OUR Possible 29 Presence that Keeps 146 Standalone Financial Statements Expanding 225 Consolidated Financial Statements Metro Brands – 07 The Company Overview 30 Testimonials NORTH A Stronger Platform Behind 31 What Our Stakeholders 311 Notice Every Step Forward Perceive 08 Chairman’s Communiqué 32 Business Responsibility 09 A Perspective on What 37 Responsibility at the Heart STAR Our Vision Lies Ahead of Progress To be India’s largest specialty footwear and 10 Q&A With the Management 38 Financial Performance accessories retailer 13 Direction, Decisions and 39 Value in Every Measure Delivery Our Purpose Board of Directors 40 Scan the code and Get everyone on their feet Journey Since Inception 41 Wisdom Behind the 14 read the report on 15 Decades of Style and Direction your hand-held screen Our Values Enterprise 42 Management Team Core Competencies 42 Team Behind the Execution 16 P Strengths that Keep Compounding 43 Corporate Information Passion 43 for Excellence Respect & Empower Individuals THREE THREE SECTIONS. PERSPECTIVES. I Integrity WHERE WHERE INDIA WHERE WASTE D Differentiation through GROWTH IS SHOPS FINDS NEW Constant Innovation HEADING VALUE Our expanding retail presence Management perspectives on and the consumers it brings The Project Vatavaran sports, athleisure and the next us closer to. circularity story. phase of opportunity. Read more Read more Excellent Customer Read more P. 28-29 P. 32-33 Relationship & Service P. 10-13 A THOUSAND STEPS FORWARD ONE MOVE SETS THE MOOD. 11% ANOTHER PICKS Q1 The Year Changed Gears FY 2025-26 opened at a measured cadence UP THE PACE. and gathered speed with every passing quarter. Consumer traction improved, our core brands stayed resilient, digital commerce accelerated and newer formats began BY THE THOUSANDTH, contributing with greater purpose. By the final quarter, growth had moved into a distinctly higher gear. The stronger finish reflected disciplined execution steadily building energy EVERYTHING IS IN across the entire portfolio and carrying the business forward with growing confidence. MOTION. One Thousand and Moving… Crossing 1,000 stores is one of the defining The year was shaped by movements milestone during FY 2025-26. Yet the number adding up. tells only part of the story. Behind it are decades of trust, millions of consumer choices More customers and a growing ability to serve more cities, walked in. styles and occasions. Each store widened our reach; together, they strengthened More brands found the platform beneath our next phase. We ended FY 2025-26 gaining momentum, with their audience. a thousand steps forward widening the possibilities ahead. More stores opened new possibilities. Digital channels reached further. Each strengthened the next, turning a measured beginning into a decisive finish and a landmark year into the start of something larger. 62YF htworG euneveR Corporate Overview Statutory Reports Financial Statements 02 Annual Report 2025-26 Corporate Overview Statutory Reports Financial Statements HIGHLIGHTS FY 2025-26 A Year of Making More Possible ` 3,000+ ` 2,864 crores crores Gross sales ( 14.2% y-o-y) Revenue from operations ` 869 30.3% crores (14.5% y-o-y) EBITDA margin EBITDA 39% 73% Ecommerce revenue growth Revenue contribution of (y-o-y) with 12.9% contribution in-house brands at Multi- to overall revenue Brand Outlets 9 31 MetroActiv Store States & Union Launched a dynamic, formats in Territories and multi-brand retail format 1,032 221 Clarks ( 124 y-o-y) Cities with Stores across Entered into an million exclusive partnership with the British Loyalty members footwear manufacturer and retailer Figures as of March 31, 2026 04 Annual Report 2025-26 05 Corporate Overview Statutory Reports Financial Statements METRO BRANDS – THE COMPANY OVERVIEW A Stronger Platform Behind Every Step Forward Our operating platform is further supported by our subsidiaries – Metmill Footwear Private Limited, which manages shop-in-shop counters and third-party brand distribution; Metro Athleisure Limited, which manages the distribution of footwear and apparel of its owned brand Proline and M.V. Shoe Care Private Limited, our joint venture focused on shoe and foot care products. FROM ONE STORE IN 1955 TO A HOUSE OF BRANDS SHAPING HOW INDIA STEPS Men Women Kids OUT TODAY. Home-grown brands Metro Brands began with a simple understanding that footwear is not only functional but it also reflects the occasion, the mood and the lifestyle of the person wearing it. Over seven decades, this understanding has grown into one of India’s largest footwear and lifestyle retail platforms. We bring together home- grown and global brands, through our physical and digital presence across the country. Headquartered in Mumbai, we continue to build on a legacy shaped by Bags Clutches Wallets consumer insight, trust and retail expertise. Global and licensed brands Today, our portfolio travels across premium, mid- premium, and value formats. With 1,032 stores across 221 cities, nine retail formats and an expanding digital presence, we serve consumers across age groups, occasions and price points. Our nationwide store network and connected digital ecosystem allow customers to discover and engage with our brands seamlessly across channels, while our focus on premiumisation and casualisation keeps our offerings contemporary and aligne [Showing first 8,000 characters — download PDF for full document]