Updater Services Limited has submitted a regulatory disclosure to BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations).
The disclosure concerns Mr. Raghunandana Tangirala, identified as a Promoter and Managing Director of the company. The filing includes Form C dated September 17, 2026, which details changes in his shareholding as required under Regulation 6(2) for continual disclosure.
Transaction Details
- Name: Raghunandana Tangirala (PAN: A*********, DIN: 00628914)
- Category: Promoter
- Transaction Type: Purchase of equity shares
- Transaction Date: September 17, 2026
- Exchange: NSE
- Mode of Transaction: On market
- Number of Shares Purchased: 26,000 equity shares
- Pre-Transaction Holding: 1,61,52,010 shares (24.12%)
- Post-Transaction Holding: 1,61,78,010 shares (24.16%)
- Value of Transaction: ₹48,85,140 (exclusive of taxes, brokerage, and other charges)
The disclosure confirms that there was no trading in derivatives on the company's securities by the promoter during this period, with all relevant fields in the derivatives section marked as "NIL".
Financial Impact
The transaction represents a marginal increase in the promoter's stake from 24.12% to 24.16%, indicating a consolidation of promoter holding without significant dilution impact.