Key Quantitative Figures
The Nomination and Remuneration Committee approved the grant of 56,66,350 stock options under the company's Employee Stock Option Scheme, 2015. Each stock option is convertible into one fully paid-up equity share with a face value of ₹1 each, covering a total of 56,66,350 equity shares.
Dates of Action
The approval was granted by the Nomination and Remuneration Committee on July 28, 2026, at 20:58 p.m. (IST) through circulation. The disclosure was digitally signed by Sonali Singh, Company Secretary and Compliance Officer, on July 28, 2026, at 21:55:36 +05'30'.
Parties Involved
The grant was approved by the Nomination and Remuneration Committee of the Board of the Company. The disclosure was made by Sonali Singh, Company Secretary and Compliance Officer (Membership No.: A26585).
Significant Terms and Conditions
The exercise price is set at ₹1 per stock option. Stock options may be exercised anytime within a period of 10 years from the date of vesting. The ESOP Scheme 2015 includes provisions for handling stock options in cases of death, permanent incapacity, resignation, termination, retirement, or abandonment. Equity shares allotted upon exercise of the stock options will not be subject to any lock-in period.
Additional Information
The company confirmed that the scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. No options have been exercised as of this disclosure (marked as 'Not Applicable' in the annexure).
The details will be hosted on the company's website at https://investorrelations.urbancompany.com/.