Urban Company has disclosed the appointment of M/s. DPV & Associates LLP as its Secretarial Auditors, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The decision was approved by the Board of Directors on May 08, 2026, following the recommendations of the Audit Committee. This appointment is subject to the approval of the company's members at the ensuing 12th Annual General Meeting (AGM). The disclosure was made by Sonali Singh, Company Secretary and Compliance Officer (Membership No.: A26585).

Appointment Details

The firm has been appointed for a term of five consecutive years, commencing from the financial year 2026-27 and continuing until the financial year 2030-31. The relevant details have been hosted on the company's investor relations website at https://investorrelations.urbancompany.com/ .

The following table summarizes the key particulars of the appointment:

About the Auditor

M/s. DPV & Associates LLP is a firm of Practicing Company Secretaries registered with the firm registration number L2021HR009500. The firm was founded by CS Devesh Vasisht, a Fellow Member of the Institute of Company Secretaries of India (FCS No. 8488, CP No. 13700). With over 18 years of experience, the firm comprises a team of qualified Company Secretaries and experienced professionals. Its areas of specialization include secretarial audits, corporate governance, IPO advisory, due diligence, legal drafting, issuance of legal opinions, corporate restructuring, related party transactions, compounding of offences, and compliance with SEBI Regulations and other applicable corporate laws.

Corporate Information

Urban Company, formerly known as UrbanClap Technologies India Limited and UrbanClap Technologies India Private Limited, has its registered office at Unit No. 8, Ground Floor, Rectangle 1, D4, Saket District Centre, New Delhi, 110017, and its corporate office at 7th & 8th Floor, Go Works, Plot 183, Rajiv Nagar, Udyog Vihar Phase 1, Sector 20, Gurgaon - 122016, Haryana, India.

Urban Company Limited, formerly known as UrbanClap Technologies India Limited, has submitted its Monitoring Agency Report for the quarter ended March 31, 2026, in compliance with Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report was prepared by CARE Ratings Limited in its capacity as the Monitoring Agency and was reviewed and approved by the Audit Committee and Board of Directors at their respective meetings held on May 08, 2026.

IPO Overview and Compliance Status

Urban Company's IPO, which was open from September 10, 2025, to September 12, 2025, raised gross proceeds aggregating to Rs. 472.00 crore through the issuance of equity shares. CARE Ratings Limited confirmed that the issue proceeds have been utilised in accordance with the objects stated in the offer document, with no material deviations observed. The monitoring agency's report is based on a Chartered Accountant certificate issued by JC Bhalla & Co. dated May 04, 2026, along with bank statements and management certificates.

The following table summarises the planned cost allocation across the identified objects of the IPO:

IPO Proceeds Utilisation — Q4FY26 Progress

As of the end of Q4FY26 (March 31, 2026), Urban Company had cumulatively utilised Rs. 97.34 crore of the total IPO proceeds, with Rs. 40.87 crore deployed during the quarter. The remaining unutilised amount stands at Rs. 374.66 crore. The table below details the utilisation progress across each object:

For the technology development and cloud infrastructure object, Rs. 13.64 crore was spent on salary payments to the engineering team and Rs. 5.48 crore on payments to Minfy Technologies Private Limited for AWS services during the quarter. Marketing expenditure of Rs. 11.92 crore during the quarter was directed towards payments to Google India Private Limited and Jiostar India Private Limited for advertising services. No amount was utilised under General Corporate Purposes during Q4FY26.

Implementation Delays Noted

The monitoring agency noted shortfalls against the FY26 scheduled deployment targets for several objects. The table below captures the delays identified:

The exact number of days of delay was noted as not ascertainable for all applicable objects. The Board of Directors offered no comments on the reasons for delay or proposed course of action.

Deployment of Unutilised Proceeds

The unutilised IPO proceeds of Rs. 374.66 crore have been deployed across fixed deposits and current/monitoring accounts with HDFC Bank, ICICI Bank, and Axis Bank. Key deployments include a Rs. 100.00 crore fixed deposit with HDFC Bank maturing on September 20, 2026, at a return of 6.30%, and multiple fixed deposits with Axis Bank of Rs. 5.00 crore each maturing on March 19, 2027, at a return of 6.60%. A Rs. 15.00 crore deposit with ICICI Bank maturing on March 20, 2027, carries a return of 6.40%. The total market value of deployed funds, as certified by JC Bhalla & Co. dated May 04, 2026, reflects accrued earnings across all instruments.

The disclosure was submitted by Sonali Singh, Company Secretary and Compliance Officer (Membership No.: A26585), and will also be hosted on Urban Company's investor relations website.