Updater Services Ltd

Instruments & ratings

• Long-term fund-based: Rs 135.00 cr, rating AA- (Stable), reaffirmed.
• Long-term fund-based (sublimit): Rs (30.00) cr, rating AA- (Stable), reaffirmed.
• Short-term non-fund-based: Rs 44.00 cr, rating A1+, reaffirmed.
• Short-term fund-based: Rs 35.00 cr, rating A1+, reaffirmed.
• Total facilities rated: Rs 214.00 cr.

Agency & Outlook

• Rating Agency: ICRA Limited.
• Outlook: Stable for both long-term and short-term ratings.

Rationale / Notes

• No detailed rationale provided in the excerpt.

Ratings details

• Long-term fund-based facility: Rs 135.0 cr; AA- (Stable); Reaffirmed
• Long-term fund-based sublimit: Rs (30.0) cr; AA- (Stable); Reaffirmed
• Short-term non-fund-based facility: Rs 44.0 cr; A1+; Reaffirmed
• Short-term fund-based facility: Rs 35.0 cr; A1+; Reaffirmed
• Total facilities: Rs 214.0 cr; Ratings reaffirmed

Outlook

• Outlook: Stable

Agency

• Agency: ICRA Limited; Date: 29 September 2026

Updater Services Limited: Trading window closed from Thursday, October 1, 2026, till 48 hours after declaration of Un-audited Financial Results for the quarter and half year ending September 30, 2026.

Meeting Details

• Date and time: 28 September 2026, 10:00-11:00 AM IST.
• Type and mode: group meeting, virtual.
• Organiser: Arihant Conference.

Participants

• Company officials to attend (e.g., Company Secretary and Compliance Officer).

Purpose

• Discussions based on publicly available information; UPSI not intended.

Filing details

• Issuer Updater Services Ltd (Scrip 543996) promoter Tangirala filed Reg 29(2) SAST disclosure.

Promoter shareholding update

• Raghunandana Tangirala acquired 26,000 equity shares on 17-09-2026; post-holding 24.16% (24.12%), on-market NSE, ₹4.885m.

AGM Details

• Date and time: August 25, 2026, 12:30 PM IST.
• Mode: Video Conference (VC).
• Concluded at: 1:30 PM IST.
• Record date: 19 August 2026.
• Shareholders on record: 47,979.
• Attendees: Promoter attendees 8; Public attendees 39 via VC.

Resolutions and outcomes

• Resolution 1 (Ordinary): Adoption of standalone financial statements; passed.
• Resolution 2 (Ordinary): Adoption of consolidated financial statements; passed.
• Resolution 3 (Ordinary): Re-appointment of Jigyas Sharma as Executive Director; passed.
• Resolution 4 (Special): Re-appointment of Managing Director for five years; passed.
• Votes indicated substantial support; small opposition for Res 3 and Res 4.

AGM Details

• AGM held on 25 August 2026 at 12:30 PM IST via VC/OAVM.
• 47 members attended via VC/OAVM.
• Meeting concluded at 1:30 PM.

Ordinary Business

• Adoption of Audited Standalone & Consolidated Financial Statements for FY ended 31 March 2026.
• Re-appointment of Mrs. Jigyasa Sharma as Executive Director, liable to retire by rotation.

Special Business

• Re-appointment of Mr. Raghunandana Tangirala as Chairperson & MD for five years (2027–2031).

Voting Results

• Voting results for all resolutions are not disclosed in the filing.

Meeting Details

• Date and time: 14 August 2026, 2:00 PM onwards.
• Nature of meeting: 1x1 / Group; Organized by Emkay Global.
• Place: Mmbi.

Participants

• Company officials to attend; specific roles not disclosed.

Purpose

• Discussions will be based on publicly available information.

Additional Notes

• Recording/presentation availability not indicated.

Designation change

• Saravanan C.R moves from COO to CGO, effective Aug 12, 2026.
• Reason: to align with consolidation and growth in the IFM industry.
• Profile: with the company since 2016; COO since Jan 2024.
• Board approved change via circular resolution dated Aug 11, 2026.

COO appointment

• Rajeev Bhardwaj appointed Chief Operating Officer, effective Aug 12, 2026.
• Profile: B.Com; 38 years in operations and facilities management.
• Prior role: Director - Operations (National Operational Head) at Compass India.
• Board approval via circular resolution dated Aug 11, 2026.