Urban Company Ltd Grants 56,66,350 Stock Options Under ESOP Scheme 2015
Urban Company Ltd announced the approval of a significant grant of stock options for its eligible employees. The company's Nomination and Remuneration Committee (NRC) approved a total grant of 56,66,350 stock options under the Employee Stock Option Scheme 2015 (ESOP Scheme 2015).The approval was made by the NRC on July 28, 2026. The ESOP Scheme 2015 covers the grant of these stock options to eligible employees and aligns with the requirements of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Each stock option granted is convertible into one fully paid-up equity share having a face value of ₹ 1 each. The exercise price for the stock options has been set at ₹ 1 per stock option.
The tenure and terms associated with these options include:
| Particulars | Details |
|---|---|
| Total Options Granted | 56,66,350 |
| Scheme Governing Body | ESOP Scheme 2015 |
| Exercise Price | ₹ 1/- per stock option |
| Option Validity | Anytime within a period of 10 years from the date of Vesting |
The ESOP Scheme 2015 specifies terms regarding the handling of stock options in various circumstances, including death, permanent incapacity, resignation, termination, or retirement. The equity shares allotted upon exercising the stock options are not subject to any lock-in period.
Other critical operational details related to the granted options include:
| Operational Detail | Status/Description |
|---|---|
| Options Lapsed | Not Applicable |
| Options Vested | Not Applicable |
| Options Exercised | Not Applicable |
| Money Realized from Exercise | Not Applicable |
URBANCO Stock Price Movement
Shares of Urban Company Limited slipped by 0.08% on Tuesday, closing at ₹130.30 after trading session saw a slight decline. The stock registered a total volume of 1.18 million shares during the day's activity.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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