Urban Company FY26 Net Loss, New Auditors Appointed

Urban Company reported a consolidated net loss of ₹195.37 crore for FY26, a significant decline from a ₹290.02 crore profit in FY25.
The Board approved the appointment of BSR & Co. LLP as new statutory auditors and DPV & Associates LLP as new secretarial auditors, subject to shareholder approval.
The winding up process of step-down subsidiary Urban Company Arabia in KSA is delayed by 5-6 months due to geopolitical and administrative complexities.
A fire at a leased warehouse in Bhiwandi destroyed inventory valued at ₹9.11 crore, for which an insurance claim has been filed.