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Latest news about Updater Services

Updater Services Announces CFO Transition with New Appointment and Resignation Mar 16, 2026

Updater Services has executed a strategic CFO transition, appointing experienced finance professional Ram Praveen Radhakrishnan as Group CFO and KMP effective March 17, 2026, while interim CFO Surinder Kumar resigned to focus on other group roles. The appointment strengthens financial leadership with Radhakrishnan's 23 years of cross-sector expertise.

Updater Services Limited Makes Q3 FY26 Earnings Call Audio Recording Available Feb 06, 2026

Updater Services Q3FY26: Net Profit Drops 70% to ₹92m Despite Revenue Growth Feb 06, 2026

Updater Services Limited Wins GST Appeal as Rs 4.69 Crore Demand Dropped by Chennai Authority Feb 04, 2026

Updater Services Limited Announces Leadership Transition at Material Subsidiary Denave India Jan 30, 2026

More news about Updater Services

24Jan 26

Updater Services Limited Receives ₹21.99 Lakh CGST Order from Chennai Tax Authority

Updater Services Limited received a ₹21,99,560/- CGST order from Chennai Commercial Tax Officer under Section 74 of CGST Act, 2017, for alleged wrongful ITC availment on insurance expenses. The company considers the order without merit and plans to explore legal options including appeals, expecting nil financial impact.

30Dec 25

Updater Services Subsidiary Fusion Foods Receives ₹1.01 Crore Tax Order

Updater Services has disclosed that its subsidiary Fusion Foods and Catering Private Limited received a ₹1.01 crore tax order from Chennai tax authorities under Section 73 for supplies to SEZs without tax payment. The company deems the December 29, 2025 order as devoid of merits and expects nil financial impact while exploring legal remedies including writs and appeals.

23Dec 25

Updater Services Limited Receives ₹18.20 Lakh CGST Order from Pune Authorities

Updater Services Limited received a ₹18,19,524 CGST order from Pune tax authorities under Section 74 of CGST Act, 2017, related to alleged short payment of tax on housekeeping services. The company disputes the order, claiming it was passed without considering their response, and is exploring legal options including appeals. Based on their assessment, the company expects no significant financial impact from this regulatory matter.

20Dec 25

Updater Services Receives ₹11.07L Tax Order from Chennai, Plans Legal Action

Updater Services Limited has received a tax order worth ₹11.07 lakh from the Deputy Commissioner in Chennai under Section 73 of the CGST Act, 2017, related to disallowance of ineligible Input Tax Credit. The company considers the order devoid of merits and plans to explore legal options including filing a writ petition or appeal, expecting no significant financial impact.

08Dec 25

Updater Services Promoter Raghunandana Tangirala Acquires Additional Equity Shares

Raghunandana Tangirala, Managing Director and Promoter of Updater Services Limited, acquired 10,000 equity shares on December 8, 2025, through an on-market transaction on NSE. This purchase increased his shareholding from 24.12% to 24.14%. The transaction was reported in compliance with SEBI insider trading regulations.

21Nov 25

Updater Services Promoter Boosts Stake: Insider Trading Insights

Raghunandana Tangirala, Managing Director and Promoter of Updater Services Limited, acquired 11,000 equity shares on November 21, 2025, through an on-market transaction on NSE. This increased his stake from 24.08% to 24.10%, signaling confidence in the company's future. The transaction was disclosed in compliance with SEBI insider trading regulations.

13Nov 25

Updater Services Reports Mixed Q2 Performance: IFM Growth Offset by BSS Challenges

Updater Services Limited (UDS) reported mixed Q2 results. The Integrated Facilities Management (IFM) segment grew 10% YoY to INR 9,608.00 million in H1, adding 14 new clients. However, the Business Support Services (BSS) segment faced challenges, growing only 1.5% YoY. The company expects 9-10% consolidated revenue growth for the full year, with 12-13% in IFM and 3-4% in BSS. UDS took INR 30.00 million in provisions for receivables at its Avon subsidiary. Despite challenges, management remains confident in the company's strong business portfolio and future growth prospects.

12Nov 25

Updater Services Promoter Boosts Stake: Insider Trading Insights

Raghunandana Tangirala, Managing Director of Updater Services Limited, acquired 20,000 equity shares through on-market transactions on the NSE on November 11, 2025. This increased his shareholding from 24.00% to 24.03%. The transaction, valued at approximately ₹39,80,000, was disclosed to SEBI on November 12, 2025, in compliance with insider trading regulations.

06Nov 25

Updater Services Reports 7% Revenue Decline in Q2FY26 Despite Strategic Contract Wins

Updater Services Limited (UDS) reported Q2 FY2026 results with revenue declining 7% to ₹7,349.00 million, while EBITDA improved 36.39% to ₹506.00 million. The EBITDA margin expanded from 5.00% to 7.40%. Despite revenue challenges, the company secured strategic contracts and added 28 marquee clients across segments. UDS anticipates full-year FY2026 revenue growth in the 0-10% range. An internal review identified due diligence issues in the Avon subsidiary.

05Nov 25

Updater Services Uncovers Potential Irregularities Worth INR 280 Million in Subsidiary

Updater Services Limited (UDS) has reported potential financial irregularities in its subsidiary, Avon Solutions & Logistics Private Limited. The issues involve INR 280.00 million in trade receivables and INR 50.00 million in trade payables under scrutiny. UDS has recorded a provision of INR 30.00 million for doubtful recovery. The company has initiated an investigation and informed stock exchanges as per SEBI regulations. The full impact on UDS's financial results is yet to be determined.

05Aug 25

Updater Services Reports Full Utilization of IPO Proceeds and Strong Q1 Performance

Updater Services Limited (UDS) has fully utilized its IPO proceeds of INR 377.76 crores across four key areas: repayment of borrowings, working capital requirements, inorganic initiatives, and general corporate purposes. The company's Q1 financial results show robust performance with revenue from operations at INR 7,002.41 crores and profit after tax at INR 289.88 crores. UDS operates in two main segments: Integrated Facility Management Services (IFM) and Business Support Services (BSS), both contributing significantly to the total income. The company also announced the resignation of its Group CFO, Mrs. Radha Ramanujan, effective September 04.

05Aug 25

Updater Services Reports Q1 Profit of ₹289.88 Crore; CFO Radha Ramanujan to Step Down

Updater Services Limited (UDS) announced Q1 financial results with a consolidated profit after tax of ₹289.88 crore and revenue from operations of ₹7,002.41 crore. The company's Integrated Facility Management Services segment generated ₹4,767.64 crore, while Business Support Services contributed ₹2,376.14 crore. UDS also reported significant management changes, including the resignation of CFO Mrs. Radha Ramanujan, effective September 4. The company appointed M/s. R.G.N. Price & Co. as Internal Auditor and has utilized ₹3,777.56 crore of its IPO funds for various purposes.

05Aug 25

Updater Services Reports Q1 Revenue Growth Amid EBITDA Margin Compression

Updater Services Limited (UDS) reported a 7.4% increase in consolidated revenue to ₹7.00 billion and a 12.6% rise in net profit to ₹286.00 million for Q1. However, EBITDA declined to ₹393.00 million from ₹410.00 million year-over-year, with EBITDA margin compressing to 5.61% from 6.27%. The company's Integrated Facility Management Services segment generated ₹4,767.64 million in total income, while Business Support Services contributed ₹2,376.14 million. UDS maintained a strong balance sheet with total assets of ₹15,976.08 million and capital employed of ₹9,947.72 million as of June 30.

26May 25

Updater Services Reports Mixed Q4 Results: Profit Up, EBITDA Down

Updater Services released Q4 financial results showing a 12.20% increase in revenue to ₹7.09 billion and a 33.13% surge in net profit to ₹344.00 million. However, EBITDA decreased by 11.33% to ₹357.00 million, with the EBITDA margin contracting from 6.37% to 5.00% year-over-year. The results indicate strong top-line and bottom-line growth despite operational challenges.