Updater Services Management Change
Mr. Amitabh Jaipuria is redesignated as Senior Executive Director and appointed as Whole-time Director and KMP. The appointment is effective from April 01, 2026.
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Mr. Amitabh Jaipuria is redesignated as Senior Executive Director and appointed as Whole-time Director and KMP. The appointment is effective from April 01, 2026.
Bandhan Mutual Fund sold 21,56,652 shares of Updater Services Limited via the open market. This reduces its equity stake from 9.25% to 6.26%.
Updater Services reported FY26 revenue of ₹2,960cr, up 7% YoY, despite headwinds in subsidiaries. Focus shifting to tech-led operational excellence and AI integration.
Mr. Subinder Jeet Singh Khurana resigned as Independent Director of material subsidiary Denave India Private Limited. His resignation is effective July 31, 2026, due to personal commitments.
Updater Services (UDS) reported 7% revenue growth for FY26 but faced significant headwinds from a ₹23 crore provisioning loss at subsidiary Awan. Management is pivoting toward AI-led sales enablement (Athena/Denave) to offset traditional business softness.
Updater Services Ltd delivered FY26 revenue of ₹29,602 Mn (+7% YoY) with an adjusted EBITDA margin of 5.9%. Strategic focus on BSS expansion continues.
Updater Services re-appointed Mr. Raghunandana Tangirala as Chairperson and Managing Director for five years from 2027. This ensures leadership continuity for the company's long-term growth.
Updater Services Limited submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report confirms overall regulatory adherence with no material deviations.
Updater Services Ltd reported revenue from operations of ₹742.8 Cr (+4.8% YoY) and net profit of ₹27.4 Cr (-19.9% YoY) for Q4 FY26.
Updater Services Ltd reported consolidated total income of ₹296.02 Crore for FY2026. The results show steady operational performance across its facility management and business support segments.
Updater Services Limited scheduled a board meeting for May 28, 2026. Directors will consider audited financial results for the quarter and year ended March 2026.
Updater Services Limited issued a postal ballot notice to redesignate Mr. Amitabh Jaipuria as Senior Executive Whole-time Director. The proposed annual fixed salary is ₹1.50 Crore.