Urban Company Limited has informed the Exchange regarding Grant of 1,54,29,253 stock options under the Employee Stock Option Scheme, 2015
URBANCO · price
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Urban Company Limited's Nomination and Remuneration Committee has approved the grant of 1,54,29,253 stock options to eligible employees under the ESOP Scheme 2015. Each stock option converts into one fully paid-up equity share with a face value of ₹1 each. The exercise price is set at ₹1 per option, which is significantly below market price, making this a substantial employee compensation package. The options can be exercised within 10 years from the date of vesting. Shares allotted upon exercise will not be subject to any lock-in period. This disclosure is made under Regulation 30 of the SEBI Listing Regulations.
This ESOP grant is a dilutive event that increases the potential number of outstanding shares. The ₹1 exercise price is well below market value, creating significant value for employees but potentially diluting existing shareholder value. The large grant size (over 15 million options) represents a substantial retention and incentive tool for talent.