Urban Company Limited has submitted to the Exchange, the audited financial results standalone and consolidated for the quarter and financial year ended March 31, 2026.
URBANCO · price
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Urban Company Limited has announced audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. The statutory auditors, Price Waterhouse & Co Chartered Accountants LLP, issued an unmodified (clean) audit opinion on the financial results. The company reported a consolidated net loss for the year. The Board also approved appointment of BSR & Co. LLP as new statutory auditors for a 5-year term from the 12th AGM onwards, replacing PwC upon completion of their term. Additionally, DPV & Associates LLP was appointed as secretarial auditors for FY 2026-27 to 2030-31. The winding up of Urban Company Arabia (step-down subsidiary in Saudi Arabia) has been delayed due to geopolitical factors and is now expected to complete in 5-6 months.
The clean audit opinion with no going concern issues is positive for investor confidence. The change in auditors is routine and at term completion. The net loss indicates continued burn, though the company did generate net profit of INR 1.07 crore from certain subsidiaries. The subsidiary dissolution delay poses minimal risk given the company's India-focused operations.