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.

Updater Services Limited has disclosed the shareholding details of its promoters for the financial year ended March 31, 2026. The company submitted the necessary filings to BSE Limited and the National Stock Exchange of India Limited in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosures confirm the equity shares held by various promoters as of the specified date.

Promoter Holdings

The declarations received from the promoters outline their respective stakes in the company. Raghunandana Tangirala holds the largest individual stake among the disclosed promoters. The filings also confirm that no new encumbrances were created on the shares during the financial year 2025-26, other than those previously disclosed.

Shareholding Details

The following table summarizes the equity shares held by the promoters as on March 31, 2026:

Compliance and Confirmation

Each promoter explicitly stated in their declaration that they have not made any encumbrances, directly or indirectly, of the shares of the company during the financial year 2025-26. This confirmation is part of the standard regulatory disclosure requirements aimed at ensuring transparency in shareholding patterns. The company has requested the exchanges to place this information on their records.