Disclosure under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Voting Results and Scrutinizers Report of the Postal Ballot Notice dated January 23, 2026
URBANCO · price
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Urban Company Limited has announced the results of a postal ballot (remote e-voting) conducted between January 30, 2026 and February 28, 2026, with the scrutinizer's report dated March 2, 2026. All four special resolutions related to the Employee Stock Option Scheme 2015 were passed with 94.76% votes in favour and 5.24% against. The resolutions cover: (1) amendment to the ESOP Scheme 2015, (2) granting stock options to employees of group/subsidiary/associate companies, (3) implementing the ESOP scheme through a trust route, and (4) authorising an interest-free loan to the Urban Company ESOP Trust. On a record date of January 23, 2026, the company had 2,10,184 shareholders and a paid-up share capital of Rs. 146.22 crore (14.62 crore equity shares of Rs. 1 each). Voting turnout was 72.85% of outstanding shares, with promoters voting 100% in favour, public institutions at 72.77% in favour, and public non-institutions at 95.34% in favour.
Strong shareholder approval (nearly 95%) gives the company clear mandate to expand and reform its ESOP programme, including via the trust route with an interest-free loan facility. The trust-route mechanism typically involves the trust buying shares from the market, which can be mildly dilutive over time, but the overwhelming voting support suggests broad shareholder comfort with the employee incentive plan.