Promoter Anjan Sarma Gifts 3.5% Stake in Updater Services to Brother

Updater Services Limited has announced a significant shareholding change among its promoters. Mr. Anjan Sarma has gifted his entire stake of 23,44,025 equity shares, representing 3.50% of the company's paid-up share capital, to his brother, Mr. Tangirala Venkata Subbiah Sarma, who is also a promoter. Following this off-market transaction on June 30, 2026, Mr. Anjan Sarma's shareholding in the company has reduced to 0.00%, while Mr. Tangirala Venkata Subbiah Sarma's holding will increase accordingly. The company has confirmed that there is no change in the aggregate shareholding of the promoter group post this transaction.