Date: July 18, 2026

Board Meeting Outcomes

  • The Company has acquired an additional 6,53,960 equity shares of Updater Services Limited (UDS)
  • The acquisition was completed on July 17, 2026
  • Total consideration paid was INR 12.67 crore in cash

Disinvestment / Strategic Actions

Target Entity Details:

  • Name: Updater Services Limited (UDS)
  • Incorporation Date: November 13, 2003
  • Industry: Integrated Facilities Management (IFM) and Business Support Services (BSS)

Transaction Details:

  • Acquisition of 6,53,960 equity shares
  • Post-acquisition holding: 44,55,390 equity shares (6.65% of paid-up equity share capital)
  • Consideration: Cash payment of INR 12.67 crore
  • Not a related party transaction
  • No promoter/promoter group/group companies have any interest in UDS
  • No governmental or regulatory approvals required

Financial Performance of UDS:

  • FY2026 Turnover: INR 1,762.41 crore
  • FY2025 Turnover: INR 1,591.73 crore
  • FY2024 Turnover: INR 1,417.12 crore

Strategic Rationale:

  • Acquisition made in accordance with the Company's investment policy