ESOP31 Oct 2026, 10:30 am
Urban Company Grants 5.34 Lakh Stock Options
AI Summary
Urban Company Ltd announced the grant of 5,34,000 stock options to eligible employees under its Employee Stock Option Scheme, 2015. The Nomination and Remuneration Committee approved the grant on October 30, 2026. Each option is convertible into one equity share of face value ₹1. The exercise price is ₹1 per option, and options can be exercised within 10 years from vesting. The shares allotted upon exercise will not be subject to a lock-in period.
Key Highlights
- 5,34,000 stock options granted to employees.
- Options exercisable within 10 years of vesting.
- Exercise price set at ₹1 per option.
- No lock-in period for shares upon exercise.
Price Impact
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