Latest news about Updater Services
Updater Services
193.04
+9.93(+5.42%)
Company Performance:
View Company Insights1D+5.42%
1M+23.80%
6M+10.97%
1Y-37.10%
5Y-32.00%
More news about Updater Services
25Apr 26
Updater Services Limited Confirms Non-Classification as Large Corporate Under SEBI Framework
Updater Services Limited filed regulatory disclosure confirming non-classification as Large Corporate under SEBI framework as of March 31, 2026. The company reported NIL outstanding borrowings and maintains strong credit ratings of AA-(Stable) and A1+ from ICRA Limited. The disclosure was signed by Company Secretary and CFO on April 25, 2026, demonstrating regulatory compliance.
09Apr 26
Updater Services Limited Submits SEBI Compliance Certificate for Q4FY26
Updater Services Limited filed its Q4FY26 compliance certificate under SEBI Regulation 74(5) on April 09, 2026. The certificate, issued by RTA MUFG Intime India Private Limited, confirmed no dematerialization requests were received during the quarter, while one rematerialization request was successfully processed. The filing demonstrates the company's continued adherence to depository and participant regulations.
31Mar 26
Updater Services Appoints Amitabh Jaipuria as Senior Executive Director and Whole-time Director
Updater Services Limited has appointed Mr. Amitabh Jaipuria as Senior Executive Director and Whole-time Director, effective April 01, 2026, transitioning him from his previous Non-Executive Director role. The Board approved the appointment on March 30, 2026, for a three-year term following Nomination and Remuneration Committee recommendations. Jaipuria brings over 37 years of leadership experience across multiple sectors and previously led the company's successful public listing in 2023.
16Mar 26
Updater Services Announces CFO Transition with New Appointment and Resignation
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.
06Feb 26
Updater Services Limited Makes Q3 FY26 Earnings Call Audio Recording Available
Updater Services Limited has announced the availability of the audio recording from its Q3 and 9M FY26 earnings conference call held on February 6, 2026. The recording is accessible on the company's website at www.uds.in under the Q3 & FY'26 section, featuring discussions by key management including MD & Chairman Mr. Raghunandana Tangirala and Non-Executive Director Mr. Amitabh Jaipuria. The audio availability was communicated to BSE and NSE in compliance with SEBI LODR Regulations 2015.
06Feb 26
Updater Services Q3FY26: Net Profit Drops 70% to ₹92m Despite Revenue Growth
Updater Services Limited faced significant profitability challenges in Q3FY26 with net profit declining 70% to ₹92 million despite revenue growth of 10% to ₹7.67 billion. The quarter was impacted by ₹201 million impairment losses related to subsidiary Avon Solutions and ₹54 million exceptional items from new labour code implementation. While IFM segment achieved highest-ever quarterly run rate, BSS segment reported losses, though the company continues investing in AI-led solutions and maintains strong market positioning.
04Feb 26
Updater Services Limited Wins GST Appeal as Rs 4.69 Crore Demand Dropped by Chennai Authority
Updater Services Limited has won its GST appeal case with the Joint Commissioner (St), Appeals, Chennai dropping the entire demand of Rs 4,69,14,392 on February 3, 2026. The appellate authority's order, received on the same date, completely sets aside the GST Department's demand based on the company's submissions and documentary evidence. This favorable decision eliminates any liability for the company and resolves the GST matter that was initially disclosed to exchanges in April 2024.
30Jan 26
Updater Services Limited Announces Leadership Transition at Material Subsidiary Denave India
Updater Services Limited announced leadership changes at material subsidiary Denave India Private Limited. Mr. Snehashish Bhattacharjee will resign as Whole Time Director effective March 31, 2026, while Mr. Sunil Munshi has been appointed as Additional Executive Director from January 29, 2026. The changes aim to enable new leadership for the company's next growth phase.
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.
Industry Peers
International Gemological Institute
WeWork India Management
Nesco
SIS
Nirlon
Indiabulls
Smartworks Coworking Spaces
CMS Info Systems
Hemisphere Properties
Quess Corp
368.40
(+1.77%)
641.05
(+1.67%)
1,112.60
(-1.80%)
417.05
(-1.64%)
615.15
(-0.69%)
23.24
(-1.44%)
453.10
(+0.64%)
305.80
(+0.23%)
141.07
(+2.14%)
235.71
(+9.61%)
we are part of Raise Financial Services
built with love
for indians who love to invest & trade
Market Community
Follow us on
