Updater Services Ltd

Updater Services Limited has announced the closure of its trading window for dealing in the company's securities. This closure is effective from July 1, 2026, and will remain in effect until 48 hours after the declaration of the unaudited financial results for the quarter ending June 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. The specific date for the board meeting to consider these financial results will be communicated later.

Bandhan Mutual Fund, through its schemes, has divested 21,56,652 equity shares of Updater Services Limited on June 05, 2026. This sale represents a 3.22% stake, reducing Bandhan Mutual Fund's total holding from 9.48% to 6.26%. The disposal was conducted via open market transactions. The total diluted share capital of Updater Services Limited remains Rs. 68,04,57,830/-.

Mr. Subinder Jeet Singh Khurana has resigned as an Independent Director from Denave India Private Limited, a material subsidiary of Updater Services Limited. The resignation is effective from the close of business hours on July 31, 2026, citing pre-occupation and personal commitments. Mr. Khurana will also step down from his positions on the Audit Committee, Nomination and Remuneration Committee, and Corporate Social Responsibility Committee. He confirmed there are no other material reasons for his resignation.

Updater Services Limited announced the re-appointment of Mr. Raghunandana Tangirala as the Managing Director and Chairperson for a period of five years, effective January 1, 2027. The Board approved this re-appointment on May 28, 2026, following the recommendation of the Nomination and Remuneration Committee. Mr. Tangirala, a first-generation entrepreneur with over four decades of experience in the Integrated Facilities Management (IFM) industry, has been instrumental in the company's growth, including its IPO and strategic acquisitions. The Board emphasized that his continued leadership is vital for integrating these acquisitions, realizing long-term strategic synergies, and ensuring the company's continuity, stability, and sustained growth. He is also noted as the father-in-law of Mrs. Jigyasa Sharma, an Executive Director of the company.

Updater Services Limited's Board of Directors, at its meeting on May 28, 2026, considered and approved the standalone and consolidated audited financial results for the quarter and financial year ended March 31, 2026. These results, along with the audit report, are attached as Annexure I and will be published in English and Tamil newspapers, as well as on the company's website. B S R & Co. LLP, Chartered Accountants, issued an independent auditor's report, confirming that the standalone annual financial results comply with Regulation 33 of SEBI Listing Regulations and present a true and fair view of the net profit and other comprehensive loss for the year.

Updater Services Limited's Board of Directors, at its meeting on May 28, 2026, approved the Standalone and Consolidated Audited Financial Results for the quarter and financial year ended March 31, 2026. The approved results, along with the Audit Report, are attached as Annexure I to the filing. These financial results will be published in English and Tamil newspapers and made available on the company's website. The Board meeting, which considered and approved these results, commenced at 3:30 P.M. and concluded at 6:00 P.M. B S R & Co. LLP provided the Independent Auditor’s Report, confirming the audit of the standalone annual financial results for the year ended March 31, 2026, in compliance with SEBI Listing Regulations and Indian Accounting Standards.

Updater Services Ltd has announced a Board of Directors meeting scheduled for May 28, 2026, to consider and approve the standalone and consolidated audited financial results for the quarter and financial year ended March 31, 2026. The trading window for dealing in the company's securities has been closed from April 1, 2026, until 48 hours after the declaration of the audited financial results.

Updater Services Ltd has released the Monitoring Agency Report for the quarter and financial year ended March 31, 2026, as per SEBI regulations. The report, issued by ICRA Limited, confirms that the utilization of IPO proceeds is in line with the objects of the issue. ICRA states that the report provides an objective view based on information provided by the Issuer and sources believed to be accurate and reliable, and does not constitute a commentary on the quality of the objects of the issue.

Updater Services Limited has informed the exchange regarding the change in designation of Mr. Amitabh Jaipuria from Non-Executive Director to Senior Executive Director. He has also been appointed as Whole-time Director and Key Managerial Personnel with effect from April 01, 2026. Mr. Jaipuria, a versatile business leader with 37+ years of experience across diverse sectors, is known for his strategic thinking and leadership across business cycles. He has been serving as a Non-Executive Director at UDS and played a crucial role in the company’s successful public listing in 2023.

Updater Services Limited has announced the closure of its trading window for the quarter and financial year ending March 31, 2026. This decision is in accordance with the SEBI( Prohibition of Insider Trading )Regulations 2015 and the company’s Code of Conduct For Prevention Of Insider Trading and Code For Practices for Fair Disclosure of UPSI. The trading window will remain closed from Wednesday, April 01, 2026 till 48 hours after the declaration of Audited Financial Results for the quarter and financial year ending March 31, 2026. The date of the Board Meeting where the Audited Financial Results will be considered will be intimated in due course. Insiders have been advised not to deal with the shares of M/s. Updater Services Limited during this period.