SIS Ltd has acquired an additional 1,96,289 equity shares in Updater Services Limited for a cash consideration of ₹3.79 crore, increasing its total shareholding to 5.17%. The transaction was completed on July 3, 2026, as part of the company's ongoing treasury management operations. Consequent to this acquisition, SIS Ltd now holds an aggregate of 34,63,473 equity shares in Updater Services Limited. The company confirmed that the acquisition does not constitute a related party transaction, and promoters or group companies hold no interest in the entity.

Updater Services Limited operates in the Integrated Facilities Management (IFM) and Business Support Services (BSS) industry. The entity was incorporated on November 13, 2003, and functions as an integrated business services platform. No governmental or regulatory approvals were required for the completion of this acquisition. The disclosure was submitted to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance of Updater Services Limited

Updater Services Limited has reported consistent revenue growth over the past three financial years, as reflected in its last audited financial statements. The following table summarises the turnover figures:

SIS Limited has approved a proposal to buy back its fully paid-up equity shares for an aggregate amount not exceeding ₹120 crore at a maximum price of ₹478.50 per share. This represents a 10% premium to the closing price of ₹435 on June 25, 2026. The buyback, which will be the company's fifth since listing in August 2017, is subject to shareholder approval and compliance with the Companies Act, 2013, and the SEBI (Buy-back of Securities) Regulations, 2018.

Board Approval and Buyback Details

The Board of Directors approved the proposal at its meeting held on June 29, 2026. The specific number of securities to be bought back and the exact percentage of existing paid-up capital will be determined following the completion of the buyback process. The company will make the requisite disclosures to the stock exchanges upon final approval of the detailed terms and conditions.

The key parameters of the proposed buyback are summarised below:

Director Continuation Approved

In addition to the buyback, the board approved the continuation of Mr. Arvind Kumar Prasad as Whole-Time Director of the company upon his attaining the age of 70 years. His term is extended until the end of his current tenure on April 23, 2027, subject to the approval of shareholders by way of a special resolution. Mr. Prasad, associated with the company since 1985, has over 37 years of experience in the finance function.

Pre-Buyback Shareholding Pattern

The following table presents the shareholding structure of SIS Limited prior to the buyback:

The intimation was signed by Pushpalatha Katkuri, Company Secretary and Compliance Officer of SIS Limited, on June 29, 2026.