SIS Ltd acquires additional 6,53,960 equity shares of Updater Services Limited for ₹12.67 crore

SIS Limited has further increased its stake in Updater Services Limited by acquiring an additional 6,53,960 equity shares for ₹12.67 crore. The transaction, completed on July 17, 2026, raises SIS Limited's total shareholding in the target entity to 44,55,390 equity shares, representing 6.65% of the paid-up equity share capital of Updater Services Limited.

The acquisition was executed through cash consideration and does not constitute a related party transaction. SIS Limited confirmed that its promoter, promoter group, and group companies hold no interest in Updater Services Limited. The move aligns with the investment policy of SIS Limited.

Updater Services Limited operates in the Integrated Facilities Management (IFM) and Business Support Services (BSS) industry. According to the audited financial statements for the year ended March 31, 2026, the company reported a turnover of ₹1,762.41 crore.

Financial Performance of Updater Services Limited

The target entity has demonstrated consistent growth in turnover over the past three financial years.

Particulars	Amount (₹ Crore)
Financial Year ended on March 31, 2026	1,762.41
Financial Year ended on March 31, 2025	1,591.73
Financial Year ended on March 31, 2024	1,417.12

Updater Services Limited was incorporated on November 13, 2003, and operates as an integrated business services platform. The acquisition required no specific governmental or regulatory approvals.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.26%	-0.61%	+1.96%	+36.08%	+14.56%	-11.09%

SIS Limited successfully concluded its 42nd Annual General Meeting (AGM) on July 6, 2026, with all seven resolutions being passed with the requisite majority. The meeting, held via video conferencing, approved the audited financial statements for the financial year ended March 31, 2026, and ratified the re-appointment of Mrs. Rita Kishore Sinha and Mr. Arvind Kumar Prasad as directors. The special business included the appointment of Mrs. Rita Kishore Sinha as Executive Chairperson and the revision of remuneration for Mr. Rituraj Kishore Sinha, Managing Director, and Mr. Arvind Kumar Prasad, Whole-Time Director.

The voting results were declared by Mr. Suryakant Kumar, Practising Company Secretary and Scrutinizer. The total number of votes polled across all resolutions was approximately 125.4 million shares. The resolutions were passed through remote e-voting and e-voting conducted during the AGM. The record date for determining shareholder eligibility was June 29, 2026, with a total of 65,386 shareholders on record.

Key Voting Outcomes

The ordinary resolutions for adopting financial statements and re-appointing directors received overwhelming support. The special resolutions regarding remuneration revisions and the appointment of the Executive Chairperson were also approved comfortably.

Resolution Description	Votes In Favor	Votes Against	% In Favor
Adoption of Financial Statements	125,429,797	21	100.00
Re-appointment of Mrs. Rita Kishore Sinha	125,396,531	57,522	99.95
Re-appointment of Mr. Arvind Kumar Prasad	125,440,006	14,047	99.99
Appointment of Mrs. Rita Kishore Sinha as Executive Chairperson	125,434,677	19,376	99.98
Remuneration revision for Mr. Rituraj Kishore Sinha	125,453,820	231	100.00
Remuneration for Independent Directors	125,453,854	197	100.00
Remuneration revision for Mr. Arvind Kumar Prasad	125,454,023	28	100.00

Meeting Participation

A total of 82 members attended the meeting through video conferencing, comprising 4 from the Promoter and Promoter Group and 78 from the Public. The remote e-voting facility was available from July 3, 2026, to July 5, 2026. The proceedings were conducted in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 108 of the Companies Act, 2013.