Urban Company Limited has informed the Exchange regarding a press release dated March 02, 2026, titled "Urban Company and International Labour Organization collaborate to expand e-Shram registration for UC service professionals".
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Urban Company has partnered with the International Labour Organization (ILO) to register all its active service professionals on the Government's e-Shram portal, a social security platform for gig and platform workers. Currently, about 20% of its 59,000+ service professionals are registered, and the company aims to cover all of them. Registration will be integrated into onboarding, training programs, the UC partner app, training centres, and UC Mitra kiosks, with a special focus on women professionals, including those in the InstaHelp vertical. The initiative is positioned as a scalable model for worker formalisation, aligning with SDG 8 (Decent Work) and India's Code on Social Security.
This is a social welfare and ESG-focused initiative with no direct material impact on revenue, costs, or earnings. For shareholders, it reinforces Urban Company's brand positioning as a responsible platform employer but is unlikely to move the stock price on its own.