Urban company has announced the incorporation of a step-down wholly owned subsidiary in the United Arab Emirates, marking another milestone in its international expansion strategy. The new entity, named 'Urban Essentials General Trading L.L.C.', was incorporated on January 12, 2026, through Urban Home Experts Pte Limited, which is itself a wholly owned subsidiary of Urban Company Limited.

Corporate Structure and Ownership

The newly incorporated entity operates as a step-down subsidiary, with Urban Home Experts Pte Limited serving as the direct holding company. This structure maintains Urban Company's complete control over the UAE operations while providing operational flexibility in the international market.

Business Operations and Scope

Urban Essentials General Trading L.L.C. will operate in the general trading sector, focusing on specific business activities aligned with Urban Company's broader service ecosystem. The subsidiary's primary business activities include:

• Selling products to aggregators and third-party service providers who offer services on the UC platform in the UAE
• Distribution and sale of Native products in the UAE market
• General trading activities within the regulatory framework of the United Arab Emirates

Financial Structure

The incorporation involved an initial capital subscription structure designed to establish the entity's operational foundation in the UAE market.

Regulatory Compliance

The incorporation was completed in accordance with SEBI regulations, specifically under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all disclosure requirements as mandated by SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD2/CIR/P/2024/185 dated December 31, 2024.

No specific governmental or regulatory approvals were required for the incorporation beyond standard registration procedures in the United Arab Emirates. The disclosure was made by Sonali Singh, Company Secretary and Compliance Officer, ensuring full transparency with stakeholders and regulatory authorities.

Strategic Implications

This incorporation represents Urban Company's continued focus on expanding its international presence and operational capabilities. The establishment of Urban Essentials General Trading L.L.C. creates a dedicated platform for product distribution and trading activities in the UAE market, potentially enhancing the company's ability to serve customers and partners in the region through localized operations and improved supply chain management.

Urban Company Limited has announced the grant of 565,100 stock options to eligible employees under its Employee Stock Option Scheme 2015. The Nomination and Remuneration Committee of the company's board approved this grant during its meeting held on January 13, 2026.

Stock Option Grant Details

The committee meeting, which commenced at 09:00 a.m. IST and concluded at 10:30 a.m. IST, resulted in the approval of stock options that comply with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The grant represents a significant employee benefit initiative by the company.

Key Terms and Conditions

Each stock option granted under the ESOP Scheme 2015 is convertible into one fully paid-up equity share having a face value of ₹1.00 each. The exercise price has been set at ₹1.00 per stock option, making it accessible for eligible employees.

The stock options carry a 10-year exercise window from the date of vesting, providing employees with substantial flexibility in timing their exercise decisions. Additionally, the equity shares allotted pursuant to the exercise of these stock options will not be subject to lock-in restrictions.

Regulatory Compliance

The grant has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The ESOP Scheme 2015 includes provisions for handling stock options in various scenarios including death, permanent incapacity, resignation, termination, retirement, and abandonment.

Corporate Communication

The disclosure was signed by Sonali Singh, Company Secretary and Compliance Officer (Membership No.: A26585), and has been communicated to both the National Stock Exchange of India Limited (Symbol: URBANCO) and BSE Limited (Scrip Code: 544515). The company has also indicated that these details will be hosted on its investor relations website at investorrelations.urbancompany.com.