Metro Brands Limited has announced the extension of its partnership with Crocs India Limited (CIL), a world leader in innovative casual footwear. The renewal is sealed through a retail partnership agreement, with few changes in agreement terms, most important being granting MBL exclusive rights to operate and own Crocs " full price" stores across the western and southern states in India and increase in residual balance term of the contract. Further, MBL will have rights to continue, renew & operate all existing stores that are currently operational in Northern & Eastern states of India.

In 2015, this partnership deepened as the brands inked a non-Exclusive Retail License Agreement whereby Crocs has granted the Company exclusive rights to operate Crocs stores, kiosks and outlets across the western and southern states In India and increased the term (including renewal terms) of the Agreement. The Company will continue to operate all existing stores operational in Northern & Eastern states the agreement. Accordingly, the existing Non-Exclusive Retail License Agreement dated on 25th April 2015 signed between the Company and Crocs India stands superseded., Size of agreement; The size of the Agreement is not quantifiable., Shareholding, if any, in the entity with whom the agreement is executed, NIL, e), Significant terms of the agreement (in brief) special rights like right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict any change in capital structure etc., Not Applicable., f), Whether the said parties are related to promoter/promoter group/group companies in any manner.

If yes, nature of relationship, No, g), Whether the transaction would fall within related party transactions? If yes, whether the same is done at "arm's length", No, h), In case of issuance of shares to the parties, details of issue price, class of shares issued, Not Applicable, i), In case of loan agreements, details of lender/borrower, nature of the loan, total amount of loan granted/t taken, total amount outstanding, date of execution of the loan agreement/sanction letter, details of the security provided to the lenders /by the borrowers for such loan or in case outstanding loans lent to a party or borrowed from a party become material on a cumulative basis. Any other disclosures related to such agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc., NIL, k), In case of termination or amendment of agreement: name of parties to the agreement; b) nature of the agreement; c) date of execution of the agreement;, details of amendment and impact thereof or reasons of termination and impact thereof., a) Non-Exclusive Retail License agreement dated on 25th April 2015 as amended was entered between the Company and CroCS India.

This Agreement is superseded by the Retail and Trademark License Agreement. b) Grant of trademark license to the Company., c) Old agreement was executed on 25th April, 2015. Renewed Agreement is dated 29th March, 2024.