UDS
Updater Services Limited
NSELast Traded Price
₹206.74
-1.16 (-0.56%)
Open
₹207.9
High
₹208.25
Low
₹200.84
Prev Close
₹207.9
Industry
Diversified Commercial Services
Market Cap
1384.19 Cr
Filing History
Recent corporate announcements and filings for UDS
Routine
Neutral
2026-10-01 18:45
- Denave India Private Limited, a material subsidiary of Updater Services Limited, decided to voluntarily close its wholly owned step-down subsidiaries, Denave Europe Limited and Denave Korea Limited.
- The closure aims to let the group focus on more promising opportunities.
- The closures do not have any material financial impact on the company's books.
- Denave Europe contributed negligible turnover (0.07%) and net worth (0.17%), while Denave Korea contributed 0.39% turnover and 0.22% net worth.
Business Update
Positive
2026-09-29 19:00
- Updater Services Limited informed the stock exchanges that ICRA Limited has reaffirmed its credit ratings on the company's bank facilities.
- Long-term fund-based facilities (totaling ₹135 crores) were reaffirmed at [ICRA]AA- with a Stable outlook.
- Short-term fund-based and non-fund-based facilities (totaling ₹79 crores) were reaffirmed at [ICRA]A1+.
Financials
Positive
2026-09-29 18:42
- ICRA Limited has reaffirmed the credit ratings on the bank facilities of Updater Services Limited.
- Long-term fund-based facilities totaling Rs. 135.00 Crores reaffirmed at [ICRA]AA- (Stable).
- Long-term fund-based sublimit facilities of Rs. (30.00) Crores reaffirmed at [ICRA]AA- (Stable).
- Short-term non-fund based and fund-based facilities totaling Rs. 79.00 Crores reaffirmed at [ICRA]A1+.
Routine
Neutral
2026-09-25 17:00
- Trading window for dealing in securities of the company will remain closed from October 1, 2026.
- Closure will remain in effect until 48 hours after declaration of Un-audited Financial Results for the quarter and half-year ending September 30, 2026.
- Board meeting date to be intimated in due course.
Business Update
Neutral
2026-09-21 15:56
- Concall Schedule
- Concall Date: 28th September 2026
- Concall Time: 10:00-11:00 AM IST
Governance
Negative
2026-09-08 13:51
CRITICAL RED FLAG DETECTED
- Ms. Samriti Malhotra has resigned from her position as Chief Human Resources Officer (CHRO) of Updater Services Limited, effective September 07, 2026.
- This change is a result of an organizational restructuring aimed at flattening the structure and ensuring direct Board and Executive Member attention to the HR function.
- Ms. Jigyasa Sarma, Executive Director, will now assume direct charge of the HR function.
- The Head of HR position will no longer be considered a member of Senior Management.
Business Update
Neutral
2026-08-11 14:57
- Investor Meeting Schedule
- Meeting Date: 14th August 2026
- Meeting Time: 02:00 PM Onwards
- Organized by: Emkay Global Conference
Governance
Positive
2026-08-11 12:08
- Changes in Senior Management Personnel effective August 12, 2026.
- Mr. Saravanan C.R. re-designated from Chief Operating Officer (COO) to Chief Growth Officer (CGO).
- Mr. Rajeev Bhardwaj appointed as the new Chief Operating Officer (COO).
- The restructuring aims to create new opportunities for growth.
Governance
Positive
2026-08-11 12:08
- Mr. Saravanan C.R. redesignated from Chief Operating Officer (COO) to Chief Growth Officer (CGO) effective August 12, 2026.
- Mr. Rajeev Bhardwaj appointed as the new Chief Operating Officer (COO) effective August 12, 2026.
- The changes are part of an organizational restructuring to drive growth and adapt to industry changes.
Business Update
Positive
2026-08-06 12:40
- Declared an interim dividend of INR1 per share.
- Management expects low double-digit revenue growth (9-12%) for both IFM and BSS segments in the coming years.
- Confident of healthy growth in IFM, supported by industry tailwinds, outsourcing, and diversified opportunities.
- Global Flight Handling aims for sustainable growth and margin improvement via higher-margin value-added services.
- BSS segment's improved margins are deemed sustainable due to cost optimization and simplified structure.
- Cash balance of over INR300 Cr to be deployed for inorganic growth, organic growth (product development, technology), and shareholder returns.
- Agentic AI is identified as a key opportunity for entering new service segments and optimizing costs.
Governance
Neutral
2026-08-03 14:15
- The 23rd Annual General Meeting (AGM) of Updater Services Limited is scheduled for Tuesday, August 25, 2026, at 12:30 P.M. (IST) through Video Conferencing (VC) facility / Other Audio Visual Means (OAVM).
- The Annual Report for the Financial Year 2025-26 is available on the company's website, with a web-link provided for members.
Governance
Neutral
2026-08-03 12:58
- 23rd Annual General Meeting (AGM) for FY 2025-26 to be held on August 25, 2026, at 12:30 PM IST via Video Conferencing/Other Audio Visual Means.
- Agenda includes approval of financial statements, re-appointment of Mrs. Jigyasa Sharma as Executive Director, and re-appointment of Mr. Raghunandana Tangirala as Chairperson & MD for five years.
Business Update
Neutral
2026-07-31 18:12
- Audio recording of the Earnings Call for the quarter ended June 30, 2026 (Q1 FY27), held on July 30, 2026, is available on the company's website.
Routine
Neutral
2026-07-30 20:11
New Filing detected. See link for details.
Routine
Neutral
2026-07-30 19:54
New Filing detected. See link for details.
Routine
Neutral
2026-07-30 19:49
New Filing detected. See link for details.
Business Update
Neutral
2026-07-27 19:12
- Concall Schedule
- Concall Date: 31st July 2026 (Friday)
- Concall Time: 12:00 Noon, IST
Ownership
Neutral
2026-07-24 16:08
- Promoter Mr. Anjan Sarma gifted 23,44,025 equity shares (3.50% of the company) to his brother Mr. Tangirala Venkata Subbiah Sarma, also a promoter, on June 30, 2026.
- Post-transaction, Mr. Anjan Sarma's shareholding in Updater Services Limited decreased from 3.50% to 0.00%.
- The company confirmed there is no change in the aggregate shareholding of promoters following this process.
Financials
Neutral
2026-07-20 18:33
- Updater Services Limited re-submitted revised SFS and CFS XBRL for the Quarter ended June 30, 2025.
- The re-submission, dated July 16, 2026, was to correct a variance in EPS figures between the XBRL filing and PDF financial results.
Ownership
Negative
2026-07-01 18:10
- Disclosure under SEBI PIT Regulations, 2015, for promoters Mr. Anjan Sarma and Mr. Tangirala Venkata Subbiah Sarma.
- Both promoters gifted 23,44,025 Equity Shares each (3.50% of their prior holding) via off-market transactions on June 30, 2026.
- Their post-disposal holding is 0.00%.
Routine
Neutral
2026-06-26 15:56
- Trading window for dealing in securities of Updater Services Limited will close from Wednesday, July 1, 2026.
- It will remain closed until 48 hours after the declaration of Un-audited Financial Results for the quarter ended June 30, 2026.
Governance
Positive
2026-06-25 21:11
- Shareholders approved the change in designation of Mr. Amitabh Jaipuria from Non-Executive Director to Senior Executive Director and his appointment as Whole-time Director and Key Managerial Personnel via postal ballot.
- The resolution passed with 99.7679% votes in favour.
Governance
Neutral
2026-06-25 21:08
- Shareholders approved the redesignation of Mr. Amitabh Jaipuria from Non-Executive Director to Senior Executive Director and his appointment as Whole-time Director and Key Managerial Personnel.
- The resolution passed with 99.7679% votes in favor via postal ballot on June 25, 2026.
- His fixed annual remuneration will be ₹1.5 Crore.