The audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2026
URBANCO · price
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Urban Company Limited's Board approved the audited financial results for Q4 and FY 2025-26 ending March 31, 2026. Price Waterhouse & Co Chartered Accountants LLP issued an unmodified (clean) audit opinion on the financial results. The Board also approved the appointment of BSR & Co. LLP as the new statutory auditors for 5 years, replacing the current auditor whose term ends at the upcoming AGM. Additionally, DPV & Associates LLP was appointed as the new secretarial auditor for 5 years starting FY 2026-27. The winding up of Urban Company Arabia, a step-down subsidiary in Saudi Arabia, has been delayed due to geopolitical factors and is now expected to complete in 5-6 months. The consolidated financial results include a joint venture with net loss of INR 31.17 crore and subsidiaries with negative net assets of INR 35.55 crore.
The clean audit opinion is positive for shareholder confidence. However, the change in statutory auditors after their term completion is routine, and the delayed dissolution of the Saudi Arabia subsidiary introduces some execution uncertainty. The negative net assets in certain subsidiaries warrant monitoring.