Urban Company Limited has informed the Exchange regarding Outcome of Nomination and Remuneration Committee meeting held on January 13, 2026 - Grant of 565,100 stock options under the Employee Stock Option Scheme, 2015.
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Urban Company's Nomination and Remuneration Committee, at its meeting on January 13, 2026, approved the grant of 565,100 stock options to eligible employees under the ESOP Scheme 2015. Each option is convertible into one equity share of face value ₹1. The exercise price has been fixed at just ₹1 per option, and employees get a 10-year window from the date of vesting to exercise these options. The shares issued upon exercise will not be subject to any lock-in period. The NRC meeting ran from 9:00 a.m. to 10:30 a.m. on January 13, 2026.
This is a routine ESOP grant, but the 565,100 shares represent potential future dilution to existing shareholders. The very low exercise price of ₹1 (essentially face value) means employees stand to gain significantly if the stock trades higher, aligning their interests with long-term shareholders.