AGM Details

The 23rd Annual General Meeting of Updater Services Limited will be held on Tuesday, August 25, 2026, at 12:30 P.M IST through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The deemed venue for the AGM is the Registered Office of the Company at 1st Floor, No. 42, Gandhi Mandapam Road, Kotturpuram, Chennai - 600085.

Business to be Transacted

Ordinary Business

Item 1: To consider and approve:

  • Audited Standalone Financial Statements for the quarter and financial year ended March 31, 2026, with Reports of Board of Directors and Auditors
  • Audited Consolidated Financial Statements for the quarter and financial year ended March 31, 2026, with Report of Auditors

Item 2: Re-appointment of Mrs. Jigyasa Sharma (DIN: 10474292)

  • Resolution as Ordinary Resolution for re-appointment as Executive Director
  • She retires by rotation and is eligible for re-appointment

Special Business

Item 3: Re-appointment of Mr. Raghunandana Tangirala (DIN: 00628914)

  • Resolution as Special Resolution for re-appointment as Chairperson & Managing Director
  • Term: Five years from January 01, 2027 to December 31, 2031
  • Continuation approved beyond age of 70 years (attains 70 on November 03, 2030)

Remuneration Details for Mr. Raghunandana Tangirala

Current Remuneration: ₹1,92,00,000 per annum (basic salary)

Proposed Remuneration Structure:

  • Basic Salary: ₹1,92,00,000 per annum (unchanged)
  • Perquisites: Use of company car for official duties, telephone at residence, mobile phone
  • Expense Reimbursement: All business expenses including travel, boarding, lodging, entertainment
  • Incentive: Up to ₹2,00,000 as determined by NRC based on Key Performance Indicators (KPIs)
  • No sitting fees for Board or Committee meetings
  • No commission payment

Minimum Remuneration Clause: In event of absence or inadequacy of profits, remuneration shall be paid in accordance with Schedule V of Companies Act, 2013.

Director Information

Mrs. Jigyasa Sharma (DIN: 10474292)

  • Age: 32 years | Date of Birth: February 09, 1994
  • First Appointment: April 02, 2024
  • Qualifications: Bachelor's in economics (University of Delhi), Master's in applied economics (National University of Singapore), Master's in public policy (University of California, Berkeley)
  • Experience: Economics and policy, worked with C-suite officials in Asia and US
  • Shareholding: 5,00,000 shares (0.75%)
  • Relationship: Daughter-in-law of Mr. Raghunandana Tangirala
  • Remuneration: ₹96,00,000 per annum (₹72,00,000 drawn during FY 2025-26 effective July 01, 2025)

Mr. Raghunandana Tangirala (DIN: 00628914)

  • Age: 66 years | Date of Birth: November 03, 1960
  • First Appointment: November 13, 2003
  • Qualifications: Bachelor's degree in commerce from Guru Nanak College of Arts & Science, Chennai
  • Experience: 35 years, including 32+ years in service sector as entrepreneur
  • Shareholding: 1,61,52,010 shares (24.12%)
  • Relationship: Father-in-law of Mrs. Jigyasa Sharma

Voting Arrangements

Remote e-Voting:

  • Service Provider: National Securities Depository Limited (NSDL)
  • Voting Period: Saturday, August 22, 2026 (9:00 AM IST) to Monday, August 24, 2026 (5:00 PM IST)
  • Cut-off Date: Wednesday, August 19, 2026 (for shareholder eligibility)

Scrutinizer Appointment:

  • Mr. M. Alagar (M.No: F7488; COP No.: 8196) or alternatively Mr. D. Saravanan (M.No: 13721; COP No.: 22608)
  • Designated Partners of Alagar & Associates LLP (Firm Registration No. L2025TN019200)

Voting Results: To be announced within stipulated time and placed on company website (www.uds.in) and NSDL website within two working days from meeting conclusion.

Additional AGM Information

Document Availability: Notice and Annual Report available on company website (www.uds.in), stock exchange websites (BSE and NSE), and NSDL website (https://www.evoting.nsdl.com).

Register Inspection: Register of Directors and Key Managerial Personnel (Section 170) and Register of Contracts (Section 189) available for electronic inspection during AGM and at Registered Office during working hours until AGM date.

Attendance: Physical attendance dispensed with. VC/OAVM facility available for first 1,000 members on first-come basis, excluding large shareholders (2%+), promoters, institutional investors, directors, KMPs, committee chairpersons, and auditors.

Proxy Facility: Not available for individual members. Body corporates may appoint authorized representatives with certified copy of Board Resolution/Power of Attorney.