Urban Company Faces ₹48.9 Lakh Stamp Duty, Penalty

Urban Company Ltd has received an order from the Collector of Stamp, Government of NCT of Delhi, regarding stamp duty on the issuance of dematerialized shares in 2025. The order demands ₹23.91 lakh in stamp duty and a penalty of ₹25 lakh. Urban Company disputes the order, stating it had already paid stamp duty according to the Indian Stamp Act, 1899. The company, along with others, has filed writ petitions with the Delhi High Court regarding the disputed stamp duty rates. Urban Company asserts that the order does not have a material impact on its financial or operational activities.