Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Receipt of Show Cause Notice from GST Authorities

September 29, 2026 National Stock Exchange of India Limited BSE Limited The Listing Department, Department of Corporate Services, Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Fort, Mumbai - 400 051 Mumbai - 400 001 Symbol: URBANCO Scrip Code: 544515 Sub.: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Receipt of Show Cause Notice from GST Authorities Dear Sir/ Ma’am, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), we wish to inform you that Urban Company Limited (‘UC’ or ‘the Company’) has received a show cause notice from Excise & Taxation Officer of State Tax, Proper Officer, SGST, Gurugram (East-2) alleging incorrect availment of input tax credit and short payment of tax for the financial year 2022-23. In terms of SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 as amended read with Regulation 30 of SEBI LODR Regulations, SEBI Circular No. SEBI/HO/CFD/CFD-PoD- 2/P/CIR/2025/25 dated February 25, 2025 and Industry Standards note on Regulation 30 of SEBI LODR Regulations, the requisite information is given under the Annexure - 1. The aforesaid details will also be hosted on the Company's website viz. https://investorrelations.urbancompany.com/ This is for your information and record. Thanking you, For Urban Company Limited (Formerly UrbanClap Technologies India Limited and UrbanClap Technologies India Private Limited) Sonali Singh Company Secretary and Compliance Officer Membership No.: A26585 Urban Company Limited (Formerly known as UrbanClap Technologies India Limited & UrbanClap Technologies India Private Limited) REGISTERED OFFICE: CORPORATE OFFICE: Unit No. 8, Ground Floor, 7th & 8th Floor, Go Works, Rectangle 1, D4, Saket District Centre, Plot 183, Rajiv Nagar, Udyog Vihar New Delhi, 110017, Delhi, India Phase 1, Sector 20, Gurgaon - 122016, Haryana, India CIN: L74140DL2014PLC274413 | Email: Peoplesuccess@urbancompany.com| www.urbancompany.com | Telephone: +91 11 444 570 56 Annexure – 1 S.No. Particulars Details 1. Name of the authority Excise & Taxation Officer of State Tax, Proper Officer, SGST, Gurugram (East-2) 2. Nature and details of the action(s) taken, Section 73(1) of the CGST Act, 2017 and the initiated or order(s) passed HGST Act, 2017 read with Section 20 of the IGST Act, 2017 and Section 65(7) 3. Details of receipt of direction or order, September 29, 2026 at 03:49 p.m. including any ad-interim or interim orders or any other communication from the authority 4. Brief summary of the material content of the The Company has received a Show Cause communication received, including reasons Notice (‘SCN’) dated September 29, 2026 issued for receipt of the communication and by the Excise & Taxation Officer of State Tax, penalty imposed Proper Officer, SGST, Gurugram (East-2) 5. Details of violation(s) / contravention(s) alleging incorrect availment of input tax credit committed or alleged to be committed and and short payment of tax for FY 2022-23. The period for which it is applicable. demand raised under SCN is as follows Tax demand of INR 1,67,39,123, Interest of INR 1,20,52,168 (comprising for the period FY 22-23, FY 23-24, FY 24-25, FY 25-26) and Penalty of INR 16,73,912 - totalling to INR 3,04,65,203 /- (Rupees three crore four lakhs sixty five thousand two hundred and three only) 6. Action(s) taken by the Company with UC has duly claimed input tax credit in respect to the Communication accordance with the provisions of the GST Act and there is no wrong availment of input tax credit and short payment of tax by the Company. Thus, we believe that we have a strong case on merits, supported by the opinion of our external legal and tax advisors. The Company will be responding to the SCN within the timelines prescribed. 7. Impact on financial, operation or other The aforesaid SCN will not impact the financial, activities of the listed entity, quantifiable in operation or other activities of the listed entity. monetary terms to the extent possible Urban Company Limited (Formerly known as UrbanClap Technologies India Limited & UrbanClap Technologies India Private Limited) REGISTERED OFFICE: CORPORATE OFFICE: Unit No. 8, Ground Floor, 7th & 8th Floor, Go Works, Rectangle 1, D4, Saket District Centre, Plot 183, Rajiv Nagar, Udyog Vihar New Delhi, 110017, Delhi, India Phase 1, Sector 20, Gurgaon - 122016, Haryana, India CIN: L74140DL2014PLC274413 | Email: Peoplesuccess@urbancompany.com| www.urbancompany.com | Telephone: +91 11 444 570 56