Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Urban Company Ltd has received a favorable Order dated May 28, 2026 from the Commercial Tax Officer, Guindy, Chennai, dropping all proceedings initiated under section 73 of the SGST Act, 2017. The GST Department had issued a Show Cause Notice (SCN) on May 04, 2026 alleging discrepancies in GST returns for the financial year 2022-23, with a proposed demand of Rs. 8,70,03,806 (approx. Rs. 8.7 crore) including interest and penalty. Following the company's response, the order confirms no short reporting of outward liabilities, no short payment of GST, and that all Input Tax Credit (ITC) claimed was eligible. No tax demand, interest, or penalty has been imposed, and the proceedings have been dropped in their entirety.