Urban Company Limited has submitted its Amended and Restated ESOP Trust Deed to the National Stock Exchange of India and BSE Limited, marking a significant step in formalizing its employee stock option administration framework.

Regulatory Compliance and Filing Details

The company filed the amended trust deed on March 10, 2026, pursuant to Regulation 3(3) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The submission was made by Company Secretary and Compliance Officer Sonali Singh to both stock exchanges, with the document also being hosted on the company's investor relations website.

Trust Structure and Governance

The Urban Company ESOP Trust has been established with a formal governance structure to administer the Employee Stock Option Scheme 2015. The trust operates with an initial corpus contribution and is designed to facilitate employee stock option exercises for the listed entity.

Trustee Appointments and Management

The trust is managed by two appointed trustees who will oversee the administration of employee stock options. The trustees have been granted specific powers and responsibilities under the amended deed.

Appointed Trustees:

• Trustee 1: Neha Mathur (Managing Trustee)
• Trustee 2: Rakshit Kapoor

The Managing Trustee has been authorized to execute and sign documents on behalf of the trust, ensuring efficient operational management. The trustees are required to act in a fiduciary capacity and in the interest of beneficiaries at all times.

Professional Administration and Compliance

The amended trust deed introduces provisions for appointing professional administrators to manage the ESOP scheme implementation. This includes technology services, record-keeping, and regulatory compliance support. The document specifically mentions the potential engagement of Qapita Fintech India Private Limited for administrative services.

Key Trust Objectives:

• Administer and implement Employee Stock Option Scheme 2015
• Acquire, hold, and transfer equity shares for beneficiary benefit
• Facilitate cashless exercise of options during open windows
• Ensure compliance with applicable laws and regulations
• Engage professional service providers for scheme implementation

Trust Property and Operations

The trust property encompasses the initial contribution, loans from the company, and any additional funds required for operational expenses. The trustees are authorized to maintain bank accounts, demat accounts, and trading accounts necessary for trust operations.

The trust operates under strict restrictions, including limitations on share transfers only to beneficiaries pursuant to valid option exercises. The trust cannot transfer shares to the company or promoters and must undertake only delivery-based transactions for secondary acquisitions.

Source: None/Company/INE0CAZ01013/6b38d1dd-e74b-4740-84a1-ec6571b6834c.pdf

Urban Company has formalized its strategic partnership with the International Labour Organization (ILO) through a comprehensive initiative to expand e-Shram portal registrations among service professionals. The collaboration, announced through a regulatory filing, represents a structured approach to improving social security coverage for gig economy workers in India.

Partnership Implementation Strategy

The initiative integrates e-Shram registration directly into Urban Company's operational framework, ensuring systematic enrollment for service professionals. The company will facilitate registration through multiple touchpoints including the UC partner app, training centers, and UC Mitra kiosks, leveraging both physical and digital infrastructure.

Current Registration Metrics

The collaboration addresses significant enrollment gaps within Urban Company's extensive workforce network:

Leadership Perspectives

Abhiraj Singh Bhal, Chief Executive Officer of Urban Company, emphasized the platform's role in enabling access to formal welfare systems. He highlighted the integration of e-Shram enrollment into onboarding and training processes as a meaningful step toward strengthening social security coverage, particularly for women building sustainable livelihoods.

Ravindra Peiris, Senior Specialist for Employers' Activities at ILO DWT New Delhi, welcomed the collaboration as a practical model demonstrating how platforms can contribute to expanding social security coverage within the platform economy.

Strategic Impact and Scalability

The initiative serves as a scalable model for collaboration between digital labor platforms and institutions working toward worker formalization and protection. By embedding enrollment into structured touchpoints such as onboarding and training programs, the initiative ensures sustained and consistent adoption across the platform's workforce.

The partnership aligns with national priorities around worker formalization, improved access to welfare schemes, and stronger social protection systems for India's growing gig workforce, contributing to the advancement of Decent Work goals and broader social protection objectives.