Updater Services Limited has informed stock exchanges about receiving a regulatory order from tax authorities in Maharashtra. The company disclosed this development under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Regulatory Order Details

The Chennai-based business services company received an order from the Office of the Superintendent, Pune, Maharashtra on December 23, 2025. The order pertains to tax obligations under the Goods and Services Tax framework.

Nature of Tax Dispute

The order has been issued on the basis of alleged short payment of tax on housekeeping and cleaning services falling under composite supply provisions as per Section 8 of the CGST Act, 2017. This relates to the company's business operations in providing facility management and related services.

Company's Response and Assessment

Updater Services Limited has expressed disagreement with the regulatory order. The company stated that the order was passed without considering the response they had submitted against the initial notice from the tax authorities.

Legal Strategy

The company is taking a proactive approach to address this regulatory challenge:

• Exploring all available legal options
• Considering filing a writ petition
• Evaluating appeal options before the appellate authority
• Assessing the merits of the case for potential resolution

Financial Impact Assessment

Based on the company's internal assessment, Updater Services Limited believes the order lacks merit and expects the financial impact to be negligible. The company has indicated confidence that there will be no significant financial impact on its operations once the legal process is completed.

The company has fulfilled its disclosure obligations by informing both BSE (Scrip Code: 543996) and NSE (Code: UDS) about this regulatory development as required under the listing regulations.

Updater Services Limited has received a tax order worth ₹11.07 lakh from the Deputy Commissioner in Chennai, Tamil Nadu, under Section 73 of the Central Goods and Services Tax (CGST) Act, 2017. The company disclosed this development through a regulatory filing under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Order Details

The tax order addresses specific compliance issues identified by the tax authorities. The following table summarizes the key details of the order:

Basis of Tax Order

The order stems from discrepancies in the company's GST filings and tax credit claims. The specific violations identified include:

• Disallowance of ineligible Input Tax Credit (ITC)
• Disallowance of ITC claimed return defaulters tax non-payers

Company's Response and Legal Strategy

Updater Services Limited has expressed disagreement with the tax order, stating that it was passed without considering the response they had submitted against the initial notice. The company's position and planned actions are outlined below:

The company plans to challenge the order through appropriate legal channels, including filing a writ petition or appeal before the appellate authority.

Financial Impact Assessment

Despite the amount involved in the tax order, Updater Services Limited expects minimal financial impact. The company's assessment suggests that the order lacks merit, and they are confident about their position in potential legal proceedings. Based on their evaluation, the company has indicated that the financial amount impact is expected to be nil.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations, specifically under Clause 20 of Para A of Part A of Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.