Updater Services

Bandhan Mutual Fund has cut its holding in Updater Services Ltd., selling 2.16 million shares in the open market on June 5. The transaction reduced the fund's stake from 9.25% to 6.26% of the paid-up capital, a decline of more than three percentage points. Valued at roughly ₹40 crore based on prevailing prices, the sale marks the first update on the fund's position since July 2025. Bandhan Mutual Fund, which was the second-largest institutional shareholder, has now fallen below the 7% threshold, triggering a mandatory disclosure under SEBI takeover rules. The development adds to recent governance challenges at the facility management firm.

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March 16 (Reuters) - Updater Services Ltd UPDA.NS:

• UPDATER SERVICES LTD - APPOINTS RAM PRAVEEN RADHAKRISHNAN AS GROUP CFO

Source text: ID:nBSE97t3kP

Further company coverage: UPDA.NS

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Feb 13 (Reuters) - Updater Services Ltd UPDA.NS:

• UPDATER SERVICES LTD - RECEIVES REVISED ORDER FROM JOINT COMMISSIONER APPEALS

• UPDATER SERVICES LTD - DEMAND AMOUNT REDUCED TO 46,382 RUPEES FROM 4.2 MILLION RUPEES

Source text: ID:nBSExNTwT

Further company coverage: UPDA.NS

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** Shares of Updater Services UPDA.NS fall 5.2% to 154.06 rupees, set to snap three session gaining streak

** Co's Q3 consol net profit dropped 70.3% Y/Y, while consol revenue rose 10.4% Y/Y

** Trading vols over 3x the 30-day average at 590,878 shares so far

** UPDA fell 49% in 2025

($1 = 90.2620 Indian rupees)

(Reporting by Vijay Malkar)

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Dec 30 (Reuters) - Updater Services Ltd UPDA.NS:

• UNIT GETS TAX DEMAND FOR 10.1 MILLION RUPEES

Source text: ID:nNSE7f81rh

Further company coverage: UPDA.NS

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Dec 1 (Reuters) - Updater Services Ltd UPDA.NS:

• UPDATER SERVICES LTD - APPOINTS SURINDER KUMAR AS INTERIM GROUP CHIEF FINANCIAL OFFICER

Source text: ID:nBSEbPvQk2

Further company coverage: UPDA.NS

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Jan 27 (Reuters) - Updater Services Ltd UPDA.NS:

• DEC-QUARTER CONSOL NET PROFIT 308.8 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 6.95 BILLION RUPEES

Source text: ID:nBSE79N9jS

Further company coverage: UPDA.NS

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Dec 20 (Reuters) - Updater Services Ltd UPDA.NS:

• UPDATER SERVICES - APPLICATION FOR FAST-TRACK MERGER REJECTED BY REGIONAL DIRECTOR

Source text: ID:nNSE6sKkzL

Further company coverage: UPDA.NS

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** Shares of Updater Services UPDA.NS rise 7.5% to 386.70 rupees, set for best day in over two months

** Business support services provider's Sept-qtr consol net profit more than doubled to 281.2 mln rupees ($3.3 mln), rev from ops rose 13%

** Busiest session in over a month; more than 1 mln shares change hands, over three times the 30-day avg

** Stock up ~15% so far this year

($1 = 84.0800 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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Oct 29 (Reuters) - Updater Services Ltd UPDA.NS:

• UPDATER SERVICES LTD SEPT-QUARTER CONSOL NET PROFIT 281.2 MILLION RUPEES

• UPDATER SERVICES LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 6.8 BILLION RUPEES

Source text: ID:nBSE9kG41Q

Further company coverage: UPDA.NS

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Aug 20 (Reuters) - Updater Services Ltd UPDA.NS:

• INCREASED INVESTMENT IN UNIT DENAVE INDIA TO 89.57% FROM 67.27%

• ACQUIRED 22.3% STAKE FOR 525.7 MILLION RUPEES

Source text for Eikon: ID:nBSE8zgkst

Further company coverage: UPDA.NS

(Reporting by VijayDattaram Malkar)

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** Shares of Updater Services Ltd UPDA.NS rise as much as 5.9% to 328 rupees

** Business service platform provider reported a near two-fold rise in its Q1 consol profit to 253.6 mln rupees, helped by business support service segment growth of ~33% y/y

** Consol rev grew 13.1% y/y

** Stock on track to snap 2 days of losses

** More than 397,000 shares traded as of 1:03 p.m. IST, 1.9x their 30-day moving avg

** UPDA shares last up 1.6%, fell 6.7% YTD so far

(Reporting by Meenakshi Maidas in Bengaluru)

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Aug 5 (Reuters) - Updater Services Ltd UPDA.NS:

• JUNE-QUARTER CONSOL NET PROFIT 253.6 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 6.52 BILLION RUPEES

Further company coverage: UPDA.NS

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July 23 (Reuters) - Updater Services Ltd UPDA.NS:

• APPROVED MERGER OF TWO UNITS

Source text for Eikon: ID:nBSE41T8b4

Further company coverage: UPDA.NS

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July 4 (Reuters) - Updater Services Ltd UPDA.NS:

• HIGH COURT OF MADRAS DISMISSED WRIT PETITION FILED BY UNIT

Source text for Eikon: ID:nBSE9YFhJ1

Further company coverage: UPDA.NS

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March 15 (Reuters) - Updater Services Ltd UPDA.NS:

• GETS TAX ORDER WORTH 7 MILLION RUPEES

Source text for Eikon: ID:nBSEc8fTQD

Further company coverage: UPDA.NS

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** Shares of Updater Services UPDA.NS up 2.1%, easing from session-high jump of ~7%

** Brokerage Motilal Oswal sees co to benefit from long-term trend of outsourcing non-core business operations

** UPDA provides business support services, including audit services, through its unit, Matrix

** Motilal starts coverage with "buy" rating and PT 465 rupees, says healthy cash balance to support co's growth

** Expect earnings growth to outpace revenue growth over FY24-26 - note

** Trading vols 1.5x 30-day avg

** Stock has gained ~29% since listing in Oct 2023

(Reporting by Hritam Mukherjee in Bengaluru)

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Jan 3 (Reuters) - Updater Services Ltd UPDA.NS:

• RECEIVED ORDER FROM OFFICE OF DEPUTY COMMISSIONER UNIT, NANDANAM FOR AN AMOUNT OF 387.3 MILLION RUPEES

• HOPEFUL THAT THERE WILL BE NO SIGNIFICANT FINANCIAL IMPACT IN THIS CASE

Source text for Eikon: [ID:]

Further company coverage: UPDA.NS

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Dec 1 (Reuters) - Updater Services Ltd UPDA.NS:

• UPDATER SERVICES LTD - NAMES RADHA RAMANUJAN AS CFO

• UPDATER SERVICES LTD - BALAJI SWAMINATHAN RESIGNS AS CFO

Source text for Eikon: ID:nNSE6gWWd9

Further company coverage: UPDA.NS

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** Shares of Updater Services UPDA.NS down as much as 5.3% to 284.15 rupees in debut trade at 18.95 bln rupees valuation($227.67 mln)

** After opening at 285 rupees, stock rises to session-high of 298.65 rupees, still lower than IPO price 300 rupees

** UPDA provides business support services, including audit services through its unit, Matrix

** Listing is disappointing; high IPO price and mixed financial performance among reasons for negative response - Shivani Nyati, Head of Wealth at Swastika Investmart

** For FY23 ended March, consol rev from contracts with customers rose 41.5% while net profit dropped 35.3% - prospectus

** IPO had fresh issue of shares worth 4 bln rupees, 2.4 bln rupees worth shares on offer for sale from existing stakeholders - prospectus

($1 = 83.2349 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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April 26 (Reuters) - An alert on Assurant Inc AIZ.N and New York-headquartered Updater entering a partnership agreement has been withdrawn as it was inadvertently tagged to unrelated India-based Updater Services Ltd UPDA.NS.

For the correct alert click: nFWN36T1GN

STORY_NUMBER:FWN36T1GK

STORY_DATE:26/04/2023

STORY_TIME:[03:00:42PM GMT]

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