Urban Company Limited has informed the Exchange regarding 'Disclosure under Regulation 3(3) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 Submission of ESOP Trust Deed'.
URBANCO · price
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Urban Company has submitted an Amended and Restated Trust Deed for its ESOP Trust to NSE and BSE, as required under Regulation 3(3) of SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021. The trust, originally set up on October 9, 2023, has been restated effective January 2026 to align with SEBI rules and simplify ESOP exercise for employees now that the company is listed. Mrs. Neha Mathur and Mr. Rakshit Kapoor continue as Trustees, with Mrs. Mathur as Managing Trustee, and Qapita Fintech India has been named as the professional administrator. The trust holds shares for the Urban Company ESOP Scheme 2015, and these shares will be classified as non-promoter non-public shareholding, meaning they do not count toward the 25% minimum public shareholding requirement.
This is a routine regulatory compliance filing with no material impact on shareholders. It formalizes the trust structure that administers employee stock options but does not involve new stock issuances, dilution, or changes in ownership.