Urban Company Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
URBANCO · price
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Urban Company Limited announced on November 1, 2025, that its Board of Directors has approved an amendment to the Articles of Association (AOA) by inserting a new Article 131A. This new article will grant the Promoters the right to nominate director(s) on the Board of the Company. The amendment is subject to the approval of shareholders. The disclosure was made under Regulation 30 of SEBI Listing Regulations, 2015.
This is a corporate governance change that strengthens the Promoters' influence over board composition. The actual effect on shareholders will depend on the shareholder vote and how many director seats are reserved for promoter nominees. Typically, such amendments signal continued promoter control and may be viewed neutrally by the market.