Metro Brands Limited has informed the Exchange regarding Change in Auditors of the company.

METROBRAND · price

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AI summary

Metro Brands Limited has appointed M/s. PricewaterhouseCoopers Services LLP (PwC) as its Internal Auditor for a period of three financial years (FY 2026-27, FY 2027-28, and FY 2028-29). The appointment was approved by the Board of Directors based on the recommendation of the Audit Committee at their meeting held on May 20, 2026. PwC is a leading professional services firm operating in India with offices in major cities including Kolkata, Mumbai, Delhi-Gurugram, Hyderabad, and Chennai. This is a routine corporate governance matter to ensure effective internal audit functions for the company.

Likely market impact

This appointment strengthens the company's internal audit framework under a globally recognized firm. It is a positive governance development with no direct impact on stock price in the short term, though it reflects the company's commitment to robust financial oversight.