Metro Brands Limited — Others, 01-07-2025: Action(s) taken or orders passed

Metro Brands has announced a favorable order from the Assistant Commissioner of Profession Tax, Mumbai, resulting in a refund of ₹ 30.58 lakh after adjusting ₹ 3.54 lakh towards tax, interest, and penalty. This follows an appeal against a previous demand that included tax, interest, and penalty totaling over ₹ 1.28 crore. The company has confirmed that this outcome does not have any material impact on its financials or operations. This resolution clears a tax contingency and supports Metro Brands’ financial stability.