Metro Brands : Insider Trading - Others

Date: 12th December 2022
The Manager	The Manager
Listing Department	Listing Department
BSE Limited,	National Stock Exchange of India
Phiroze Jeejeebhoy Towers,	Limited,
Dalal Street, Mumbai - 400001	"Exchange Plaza", 5th Floor, Plot No. C/1,
Scrip code: 543426	G Block, Bandra - Kurla Complex, Bandra,
Mumbai-400051.
	Symbol: METROBRAND
Dear Sir/Ma'am,

Subject: Reporting of violation of Company's Code of Conduct for Prohibition of Insider Trading

Ref:	SEBI Circular No. SEBl/HO/ISD/CIR/P/2020/135 dated July 23, 2020

Dear Sir/ Ma'am,

This is to inform you that in terms of the SEBI Circular No. SEBI/HO/ISD/ISD/CIR/P/2020/135 dated July 23, 2020, the details of violation of the Company's Code of Conduct for Prohibition of Insider Trading under the SEBI (Prohibition of Insider Trading) Regulations, 2015 by the Designated Person in the format prescribed in the said Circular is enclosed as "Annexure A" to this letter.

Request you to take the same on record.

Yours faithfully,

For Metro Brands Limited,

DEEPA SOOD

Digitally signed by DEEPA SOOD Date: 2022.12.12 11:35:46 +05'30'

Deepa Sood

(Company Secretary & Compliance Officer)

Membership No: 16019

Annexure A

Report by Metro Brands Limited for violations related to Code of Conduct ("Code of Conduct") under SEBI (Prohibition of Insider Trading) Regulations, 2015 ("PIT Regulations").

Schedule B read with Regulation 9 (1) of SEBI (Prohibition of Insider Trading) Regulations, 2015

Sr.	Particulars	Details
No.
1. Name of the listed company/	Metro Brands Limited
	Intermediary/Fiduciary

2. Please tick appropriate checkbox

Reporting in capacity of :

Listed Company

• Listed Company
• Intermediary
• Fiduciary

3. A. Details of Designated Person (DP)

i.	Name of the DP	Sunildatt Shesmani Pandey
ii.	PAN of the DP	AQKPP3823E
iii.	Designation of DP	Ex-employee-Executive Assistant to
		COO
iv.	Functional Role of DP	--
v.	Whether DP is Promoter or belongs	No
to	Promoter Group
B. If Reporting is for immediate relative of DP
i.	Name of the immediate relative of DP	NA
ii.	PAN of the immediate relative of DP	NA
C. Details of transaction(s)
i.	Name of the scrip	NSE Symbol - METROBRAND
		BSE Symbol - 543426

1. No of shares traded and value (Rs.) (Date-1.28.11.2022- Sold 1,000 Equity

wise)	Shares for Rs. 8,26,000
2.	28.11.2022 -Bought 1,000 Equity
	Shares for Rs. 8,29,190
3.	28.11.2022- Sold 1,000 Equity
	Shares for Rs. 8,17,970
Net Loss - (Rs. 14,410) (Rupees
Fourteen thousand four hundred ten only)

1. In case value of trade(s) is more than Rs.10 lacs in a calendar quarter

i. Date of intimation of trade(s) by	28.11.2022
concerned
DP/director/promoter/promoter group
to Company under regulation 7 of
SEBI (PIT) Regulations, 2015
ii. Date of intimation of trade(s) by	28.11.2022
Company	to	stock exchanges
under	regulation 7 of SEBI (PIT)
Regulations, 2015
4. Details of violations observed under	Execution of two consecutive contra trades of
Code of Conduct		1,000 Equity Shares of the Company by the
			DP.
5. Action taken by Listed company/	This is the first violation of the DP. DP
Intermediary/ Fiduciary	informed that the above trades were
			inadvertently executed by him. There was
			no profit derived due contra trade executed
			of 1,000 equity shares in each transaction.
			On realizing about the error, DP informed
			the Company on 28th November 2022.
			Accordingly, following action has been
			taken by the Company:
			•	Instructed him to pay a penalty of Rs.
				10,000/- (Rupees Ten thousand only) in
				view of repeated contra trade transactions
				and violation of the Code of Conduct.
				Amount of the penalty has been remitted
				to Securities and Exchange Board of India
				- Investor Protection and Education Fund
				by the DP as mentioned in point no. 8
				below.
			•	Warning letter has been issued by the
				Compliance Officer on behalf of the
				Company, wherein DP has been:
			1. Restricted to trade in Company's Equity
				share for next six months.
			2. Cautioned him not to repeat any violation
				in future under the Code of Conduct.
			3.	Instructed to attend educative session on

				the compliances under PIT Regulations &
				Code of Conduct.
6.	Reasons recorded in writing for taking	Violation of Clause 1.10 of the Company's
		action stated above		Insider Trading - Code of Conduct, i.e.,
				execution of contra trades.
7.	Details of the previous instances of	Nil
		violations, if any, since last financial year
8.	If any amount collected for Code of
		Conduct violation(s)		Online
		i. Mode of transfer to SEBI - IPEF
		ii. Details of transfer/payment
		Particulars	Details
		In case of Demand Draft (DD)
		Name of the	Sunildatt S Pandey
		Particulars	Details	transferor
		Bank Name and branch	Not	Bank Name,	HDFC Bank, Colaba
		DD Number	Applicable	branch and	branch
		DD date		Account number	00851050019177
				UTR/ Transaction	N343222241512451
		DD amount (in Rs.)
				reference Number
				Transaction date	9th December 2022
				Transaction Amt.	Rs. 10,000
				(in Rs.)
9.	Any other relevant information	-

For Metro Brands Limited

DEEPA SOOD

Digitally signed by DEEPA SOOD Date:

2022.12.12 11:35:31 +05'30'

Deepa Sood

Company Secretary & Compliance Officer

Date: 12th December 2022

Place: Mumbai