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.

Updater Services Limited has published its postal ballot notice in Financial Express and Makkal Kural on May 26, 2026, to seek shareholder approval for the re-designation and appointment of Mr. Amitabh Jaipuria as a Whole-time Director and Key Managerial Personnel. The publication was made pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was dispatched electronically on May 25, 2026, to members whose names appeared in the Register of Members or Register of Beneficial Owners as on the cut-off date of Friday, May 22, 2026.

The Board of Directors, at its meeting held on March 30, 2026, approved the proposal to change Mr. Jaipuria's designation from Non-Executive Director to Senior Executive Director. The appointment is subject to the approval of shareholders through a special resolution via remote e-voting.

Appointment Details

Mr. Amitabh Jaipuria (DIN: 01864871) is proposed to be appointed as a Senior Executive Whole-time Director for a period of three years with effect from April 01, 2026. The tenure includes provisions for extension as mutually agreed. He will be liable to retire by rotation.

The remuneration proposed for Mr. Jaipuria includes a fixed salary of ₹1,50,00,000 per annum. Additionally, a mutually agreed variable pay scheme will be determined during the year. Perquisites and other benefits will be governed by the Company’s remuneration policy and applicable provisions of the Companies Act, 2013.

E-Voting Schedule

The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process. Shareholders whose names appear in the Register of Members or Register of Beneficial Owners as on the cut-off date of Friday, May 22, 2026, are eligible to vote.

The results of the postal ballot will be announced on or before Friday, June 26, 2026. The notice is available on the company's website and the websites of BSE Limited and National Stock Exchange of India Limited.