Nature of the Event
SIS Limited has made a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the acquisition of additional equity shares in Updater Services Limited (UDS). This is a continuation of previous disclosures made on June 5, 2026 and June 11, 2026.
Key Quantitative Figures
- Number of shares acquired: 178,000 equity shares of UDS
- Aggregate shareholding post-acquisition: 3,099,000 equity shares
- Percentage of paid-up equity share capital: 4.63%
- UDS turnover (FY26): ₹1,762.41 crore
- UDS turnover (FY25): ₹1,591.73 crore
- UDS turnover (FY24): ₹1,417.12 crore
Dates of Action
- Acquisition completion date: June 19, 2026
- Disclosure date: June 19, 2026
- Company incorporation date: November 13, 2003
Parties Involved
- Acquiring company: SIS Limited (CIN: L75230BR1985PLC002083)
- Target entity: Updater Services Limited (UDS) (CIN: L74140TN2003PLC051955)
- Disclosing officer: Pushpalatha Katkuri, Company Secretary and Compliance Officer
Purpose and Rationale
The acquisition forms part of SIS Limited's ongoing treasury management operations. The company confirmed this is not a related party transaction, and promoters/promoter group/group companies have no interest in UDS.
Target Entity Details
- Industry: Integrated Facilities Management (IFM) and Business Support Services (BSS)
- Country of presence: India
- Incorporation: Under Companies Act, 1956
Transaction Details
- Consideration type: Cash consideration
- Government approvals: Not applicable
- Time period: Transaction completed on June 19, 2026
Financial Impact
The disclosure does not quantify the financial impact of this specific acquisition. The transaction is characterized as part of ongoing treasury management operations.