Updater Services Limited
UDS offes integrated facilities management services and other services. Its service portfolio caters to the needs of diverse customer segments across a range of sectors including FMCG, manufacturing and engineering, banking, financial services, and insurance (BFSI), healthcare, information technology / information technology enabled services (IT / ITeS), automobiles, logistics and warehousing, airports, ports…
What Updater files
- Others70
- Important41
- Investor Meet35
- Updates16
- Board Meeting12
- Insider Trade8
Updater Services confirmed it is not a "Large Corporate." The company reported NIL Cr outstanding borrowings and achieved a high credit rating of AA-(Stable)/A1+ from ICRA.
Updater Services' Board approved consolidated results. Auditors flagged concerns with subsidiary Avon due to alleged irregularities involving INR 26.6 Cr receivables and INR 3.5 Cr payables, leading to a INR 20.1 Cr impairment. A INR 5.36 Cr exceptional charge was recorded for new labor codes.
Updater Services' material subsidiary, Denave India, announced leadership changes. Whole-time Director S. Bhattacharjee resigned for new growth leadership. S. Munshi was appointed as Additional Executive Director.
Updater Services' Promoter and MD, Raghunandana Tangirala, acquired 8,000 equity shares via an on-market transaction valued at 13,64,000. This increases promoter holding from 24.14% to 24.15%.
Updater Services' promoter Raghunandana Tangirala acquired 10,000 equity shares via on-market purchase for ₹0.17 Cr. This transaction increased his stake to 24.14%, signaling continued promoter confidence in the company.