Mr. Subinder Jeet Singh Khurana has resigned as an Independent Director of Denave India Private Limited, a material subsidiary of Updater Services Limited , effective from the close of business hours on July 31, 2026. The resignation stems from pre-occupation and other personal commitments. Consequently, Mr. Khurana will step down from his roles as a member of the Audit Committee, Nomination and Remuneration Committee, and Corporate Social Responsibility Committee of Denave India Private Limited.

The disclosure was made to the exchanges pursuant to Regulation 30(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Updater Services Limited confirmed that there are no other material reasons for the resignation beyond those stated. The Board of Denave India Private Limited has been requested to complete the necessary formalities under the Companies Act, 2013, and file the relevant forms with the Registrar of Companies.

Resignation Details

The specific details regarding the change in directorship are outlined below:

Updater Services Limited has approved the re-appointment of Mr. Raghunandana Tangirala as the Managing Director and Chairperson for a period of five years effective January 01, 2027. The decision was taken by the Board at its meeting held on May 28, 2026, pursuant to the recommendation of the Nomination and Remuneration Committee. The re-appointment is subject to regulatory disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Tangirala is a first-generation entrepreneur with over four decades of experience in the Integrated Facilities Management (IFM) industry. The Board noted that his leadership has been instrumental in the company's growth, including its Initial Public Offering and strategic acquisitions. His continued stewardship is expected to aid in the integration of recent acquisitions and the realization of long-term strategic synergies.

Key Details of the Re-appointment

The following table outlines the specific details regarding the re-appointment:

Governance and Disclosures

The company confirmed that Mr. Tangirala is not debarred from holding office by the Securities and Exchange Board of India (SEBI) or any other authority. Regarding inter-relationships, the filing disclosed that Mr. Tangirala is the father-in-law of Mrs. Jigyasa Sharma, the Executive Director of the company. The Board expressed that his re-appointment would ensure continuity, stability, and sustained growth for the company and its stakeholders.