Urban Company Limited has issued a comprehensive postal ballot notice dated January 23, 2026, seeking shareholder approval for significant amendments to its Employee Stock Option Scheme 2015. The company has submitted the notice to both the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Key Resolutions for Shareholder Approval

The postal ballot encompasses four special resolutions that will reshape the company's employee stock option framework:

ESOP Pool Enhancement

The most significant proposal involves increasing the total quantum of options under the ESOP Scheme 2015 from 18,75,25,000 stock options to 20,33,00,000 stock options. This enhancement includes ungranted options from the ESOP Scheme 2022, which was closed on January 23, 2026, and a fresh top-up of 1,57,75,000 options. Out of the total ESOP pool of 20,33,00,000 stock options, 2,99,90,834 stock options will be available for grant to employees following the proposed amendments.

Trust Route Implementation

Urban Company proposes to transition from the direct route to the trust route for ESOP implementation through the Urban Company ESOP Trust. Under this new structure, the trust will acquire up to 13,07,03,828 fully paid-up equity shares of the company at INR 1 per share. The trust route offers greater administrative efficiency by issuing shares upfront to the trust rather than creating new shares each time employees exercise their options.

E-Voting Schedule and Process

The remote e-voting process will be facilitated by the National Securities Depository Limited (NSDL) with the following timeline:

Financial Authorization

The company seeks approval to provide interest-free loans to the Urban Company ESOP Trust to enable share acquisition for ESOP implementation. This financial assistance will be subject to the statutory ceiling of 5% of the paid-up capital and free reserves as prescribed under the SEBI Share Based Employee Benefits and Sweat Equity Regulations.

Compliance and Accessibility

In compliance with Ministry of Corporate Affairs circulars, the postal ballot notice is being distributed exclusively through electronic mode to members whose email addresses are registered with the company, registrar MUFG Intime India Private Limited, or depositories. The notice is accessible on multiple platforms including the company's investor relations website, NSDL's e-voting portal, and the websites of both stock exchanges.

Corporate Structure Details

Urban Company Limited, formerly known as UrbanClap Technologies India Limited and UrbanClap Technologies India Private Limited, operates from its registered office in New Delhi and corporate office in Gurugram. The company has appointed Mr. Devesh Kumar Vasishth and Mr. Parveen Kumar from DPV & Associates LLP as scrutinizers to ensure fair and transparent conduct of the postal ballot process.

The proposed amendments reflect the company's commitment to attracting and retaining talent through equity-based compensation while enhancing operational efficiency in ESOP administration. Shareholders eligible to vote as of the cut-off date will determine the future structure of the company's employee incentive programs through this comprehensive postal ballot process.

Urban Company has announced a strategic partnership with HDFC Pension to launch a National Pension System (NPS) platform designed specifically for its extensive network of service workers. This collaboration represents a significant initiative to enhance financial security and retirement planning options for professionals in the gig economy.

Partnership Overview

The partnership between Urban Company and HDFC Pension will establish a comprehensive NPS platform that caters to the unique needs of service workers. This initiative addresses a critical gap in retirement planning for gig economy professionals who often lack access to traditional employer-sponsored pension schemes.

Service Worker Benefits

The NPS platform will provide Urban Company's service professionals with structured retirement savings opportunities. Workers will have the flexibility to enroll voluntarily in the pension scheme, allowing them to build long-term financial security while maintaining their independent contractor status.

Key features of the initiative include:

• Voluntary enrollment process for all eligible service workers
• Access to professional pension fund management through HDFC Pension
• Structured retirement savings framework designed for gig economy workers
• Enhanced financial inclusion for service professionals

Market Impact

This partnership represents a notable development in the gig economy sector, where retirement planning solutions have traditionally been limited. By providing access to formal pension schemes, Urban Company is addressing a fundamental need among service workers who operate as independent contractors.

The collaboration with HDFC Pension leverages the expertise of an established pension fund manager to deliver professional retirement planning services to a previously underserved segment of the workforce. This initiative could serve as a model for other gig economy platforms seeking to enhance worker benefits and financial security.