Updater Services Ltd

Updater Services Ltd has announced that its Board of Directors will convene on October 30, 2026. The primary agenda item is to consider and approve the standalone and consolidated un-audited financial results for the quarter and half-year ended September 30, 2026, along with the limited review report. Concurrently, the company has closed its trading window from October 01, 2026, which will remain shut until 48 hours after the declaration of these financial results, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Updater Services Limited has announced the proposed voluntary closure of its wholly-owned step-down subsidiaries, Denave Europe Limited and Denave Korea Limited. This decision, made by its material subsidiary Denave India Private Limited, aims to refocus the group on more promising opportunities. The closure process will adhere to applicable laws and regulations in the respective jurisdictions. The company stated that this action will not have a material financial impact on its consolidated books. Denave Europe Limited contributed INR 19.23 Million (0.07%) to total turnover and INR 18.17 Million (0.17%) to net worth. Denave Korea Limited contributed INR 115.50 Million (0.39%) to total turnover and INR 22.37 Million (0.22%) to net worth, based on the last financial year's consolidated figures.

Updater Services Limited has announced the closure of its trading window for dealing in the company's securities. This closure is effective from October 1, 2026, and will remain in effect until 48 hours after the declaration of the un-audited financial results for the quarter and half-year ending September 30, 2026. The company has informed its insiders not to trade in its shares during this period, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Raghunandana Tangirala, a promoter of Updater Services Limited, acquired 26,000 equity shares of the company on September 17, 2026, through the open market. This acquisition increased his shareholding by 0.0388% of the paid-up share capital. Consequently, his total stake in Updater Services Limited has risen from 24.1243% to 24.1631%. The disclosure was made in compliance with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Updater Services Limited has filed a disclosure under SEBI's Prohibition of Insider Trading Regulations. Promoter Raghunandana Tangirala acquired 26,000 equity shares on September 17, 2026, through an on-market transaction on the NSE. Following this purchase, his shareholding increased from 1,61,52,010 shares (24.12%) to 1,61,78,010 shares (24.16%). The transaction was valued at ₹4,88,51,400. This disclosure is a routine compliance filing regarding changes in promoter holdings.

Updater Services Limited announced the resignation of its Chief Human Resources Officer (CHRO), Ms. Samriti Malhotra, effective September 7, 2026. This change follows a management decision to flatten the organizational structure. Consequently, the HR function and People agenda will now receive direct attention from the Board, with Executive Director Ms. Jigyasa Sarma assuming direct charge of the HR Function. The Head of HR position will no longer be classified as a member of Senior Management.

Updater Services Limited has announced that SIS Limited has acquired 17,86,545 equity shares, representing 2.67% of the paid-up equity share capital. This acquisition, made through the open market, increases SIS Limited's total holding in Updater Services Limited to 10.00%. The disclosure was made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The acquisition date was September 4, 2026.

SIS Limited has disclosed the acquisition of 17,86,545 equity shares in Updater Services Limited, representing 2.67% of the target company's paid-up equity share capital. This acquisition, made through the open market, increases SIS Limited's total holding in Updater Services to 10.00% (7.22% on a diluted basis). The transaction occurred on September 4, 2026. This disclosure is made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, following a previous disclosure on August 1, 2026.

Updater Services Limited has announced significant changes in its senior management team, effective August 12, 2026. Mr. Saravanan C.R. transitions from Chief Operating Officer (COO) to Chief Growth Officer (CGO), tasked with driving new business, market expansion, and strategic growth initiatives. Concurrently, Mr. Rajeev Bhardwaj has been appointed as the new Chief Operating Officer (COO). These changes are part of the company's strategy to adapt to industry consolidation and transformation within the IFM sector, aiming to unlock new growth opportunities.

Updater Services Ltd has issued a letter to shareholders who have not registered their email addresses, providing a web-link and exact path to access the Annual Report for FY 2025-26. This action is in compliance with Regulation 36(1)(b) of the SEBI Listing Regulations. The company encourages shareholders to update their email addresses for future communications and to support green initiatives. Contact details for the Registrar and Share Transfer Agent, MUFG Intime India Private Limited, are provided for any queries.