Metro Brands Limited has informed the Exchange regarding Cessation of Mr. Srikanth Velamakanni as Independent Director of the company w.e.f. March 24, 2026, due to completion of his term of appointment.
METROBRAND · price
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Metro Brands Limited has informed the stock exchanges that Mr. Srikanth Velamakanni has ceased to be an Independent Director of the company with effect from the close of business hours on March 24, 2026. The reason for his departure is the completion of his term of appointment, which is a routine and pre-scheduled event. The disclosure was made under SEBI Listing Regulations, and his profile and relationship details were marked as not applicable since this is a cessation, not an appointment. The company has shared the required details via Annexure A as per SEBI's master circular.
This is a routine governance event with no material impact expected on the stock price or shareholders. Investors should monitor whether the company appoints a new Independent Director in due course to maintain compliance with board composition requirements.