Metro Brands Limited has informed the Exchange about Action(s) taken or orders passed
METROBRAND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 0.7 pts more than its Footwear peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
In March 2024, Metro Brands had received an Assessment Order and demand notice from the Assistant Commissioner of Profession Tax, Mumbai, demanding about ₹1.28 crore (tax of ₹66.75 lakh, interest of ₹55.05 lakh, and penalty of ₹6.67 lakh) under the Maharashtra State Tax on Professions Act, 1975. The company had appealed this order. Following the Appellate Authority's direction, the Assistant Commissioner reviewed the case and passed a revised order dated 25th June 2025 in favour of the company, granting a refund of ₹30.58 lakh after adjusting ₹3.54 lakh towards tax, interest, and penalty. The company received the order on 30th June 2025 and has stated there is no material impact on its financials or operations.
This is a positive outcome for Metro Brands as the revised order significantly reduced the earlier profession tax demand and resulted in a net refund. The matter is small relative to the company's size, so there is no meaningful impact on earnings or share price.