Urban Company Limited has informed the Exchange regarding Allotment of 80000000 equity shares to Urban Company ESOP Trust
URBANCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Urban Company Limited's Nomination and Remuneration Committee approved the allotment of 8 crore (8,00,00,000) equity shares to the Urban Company ESOP Trust under the ESOP Scheme 2015 on March 24, 2026. Each share has a face value of ₹1 and is being allotted at an exercise price of ₹1 with no premium. As a result, the company's total issued and paid-up equity capital has risen from ₹146.22 crore (14.62 crore shares) to ₹154.22 crore (15.42 crore shares), an increase of about 5.5%. The newly allotted shares carry no lock-in and will rank equally with existing shares. These shares will eventually be transferred to eligible employees when they exercise their stock options.
This is a standard ESOP-related share issuance that will modestly dilute existing shareholders by approximately 5.5% once the shares are eventually exercised by employees. Since the exercise price is set at face value (₹1), the grant terms are very employee-friendly and could put slight downward pressure on the stock in the short term due to dilution.