Updater Services IPO Proceeds Utilization Report Filed

Updater Services Ltd has filed its Monitoring Agency Report for the quarter ended June 30, 2026, with the BSE and NSE. The report, issued by ICRA Limited, confirms that the utilization of the Initial Public Offer (IPO) proceeds is in line with the objects of the issue, with no deviation observed. The IPO, which opened on September 25, 2023, and closed on September 27, 2023, had an issue size of ₹640.00 crore. This report is a regulatory requirement under SEBI (LODR) Regulations, 2015, and SEBI (ICDR) Regulations, 2018.