Updater Services Limited has announced a significant leadership appointment, elevating Mr. Amitabh Jaipuria from Non-Executive Director to Senior Executive Director and Whole-time Director. The appointment, effective April 01, 2026, was approved by the Board on March 30, 2026, following recommendations from the Nomination and Remuneration Committee.

Leadership Transition Details

The company has disclosed the appointment under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Jaipuria, who holds DIN: 01864871, will also serve as Key Managerial Personnel alongside his new executive role.

Executive Profile and Experience

Mr. Jaipuria brings extensive leadership experience spanning over 37 years across diverse sectors including FMCG, telecom, financial services, industrial products, agriculture, and business services. His career highlights include top leadership positions such as CEO, Managing Director, and President in leading Indian and multinational organizations.

Key aspects of his professional background include:

• Over 20 years in CEO and Business Head roles
• 8+ years of board experience
• Strong expertise in strategy, mergers and acquisitions, investor relations, and corporate governance
• Previously led Updater Services' successful public listing in 2023
• Served as Founding CEO of Accelerate India Philanthropy

Strategic Leadership Capabilities

The appointment leverages Mr. Jaipuria's proven track record in strategic thinking and leadership across various business cycles. He is recognized for building high-performance teams and maintaining a people-centric leadership approach. His expertise extends beyond traditional business operations to include coaching, philanthropy, teaching, and community engagement initiatives.

Regulatory Compliance

The company has confirmed that Mr. Jaipuria meets all regulatory requirements for the appointment. According to the disclosure, he is not debarred from holding the office of director by virtue of any SEBI order or other regulatory authority, ensuring full compliance with listing regulations.

Corporate Governance Enhancement

This leadership transition represents Updater Services' commitment to strengthening its executive team with experienced professionals. Mr. Jaipuria's transition from a non-executive role to an executive position indicates the company's confidence in his strategic vision and operational capabilities to drive future growth initiatives.

Updater Services has announced significant changes to its financial leadership, appointing Ram Praveen Radhakrishnan as Group Chief Financial Officer and Key Managerial Personnel effective March 17, 2026. Simultaneously, the company disclosed the resignation of Surinder Kumar from his position as interim Group CFO, effective from the close of business hours on March 16, 2026.

Leadership Transition Details

The Board of Directors approved Radhakrishnan's appointment on March 16, 2026, following recommendations from the Nomination and Remuneration Committee and Audit Committee. The transition represents a strategic move to strengthen the company's financial leadership structure.

New CFO Profile and Experience

Ram Praveen Radhakrishnan brings extensive financial expertise to Updater Services, with 23 years of experience managing portfolios across diverse geographies and sectors including agri-solutions, manufacturing, ITES, and banking. He is a Commerce graduate and qualified Chartered Accountant who has completed the Senior Leadership Development Programme from the Indian School of Business and holds Certified Six Sigma Green Belt certification.

Expertise and Strategic Focus

Radhakrishnan is recognized as a strategic finance professional with specialized expertise in business partnering, cost control, capital allocation and restructuring, taxation, governance, and regulatory compliance. His experience includes SAP implementations and a strong track record in strengthening financial discipline, optimizing cash flows, establishing shared services, and driving digital finance transformation.

At Coromandel International Limited, he served as Corporate Controller and Chief Financial Officer of Coromandel Chemicals Limited, where he enabled scalable businesses through robust financial systems and controls.

Outgoing CFO Transition

Surinder Kumar, who served as interim Group CFO, will continue his association with the group in a different capacity. Following his resignation from the Group CFO position, he will continue to serve as CFO of Denave and support other group initiatives in a senior finance leadership role. The Board expressed sincere appreciation for his services as interim Group CFO and wished him continued success within the group.