Credit Rating

Redefining Business Services September 29, 2026 To: To: BSE Limited (BSE) National Stock Exchange of India Limited Corporate Relationship Department (NSE) Phiroze Jeejeebhoy Towers, Listing Department 25th Floor, Dalal Street, Exchange Plaza, 5th Floor, Plot No. C/1, Mumbai - 400001 G Block, Bandra Kurla Complex, Bandra (East), Mumbai — 400051 BSE Scrip Code: 543996 NSE Code: UDS Dear Sir/Madam, Sub: Intimation regarding Credit Rating under Regulation 30 of SEBI Listing Regulations. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we wish to inform you that ICRA Limited (“ICRA”) has reaffirmed the credit ratings assigned to the Company’s bank facilities. The ratings for the Company’s long-term fund-based and long-term non-fund-based bank facilities have been reaffirmed at [ICRA] AA- (Stable), while the ratings for the short-term fund-based and short-term non-fund-based bank facilities have been reaffirmed at [ICRA] A1+. In this regard, please find below the details of the credit ratings currently outstanding in respect of the Company’s bank facilities, together with the rating actions undertaken by ICRA as on date. FACILITY RATED AMOUNT RATING RATING ACTION (Rs. In Crores) Long-term – Fund- 135.00 [ICRA]AA- (Stable) Reaffirmed based Long-term – Fund- (30.00) [ICRA]AA- (Stable) Reaffirmed based – (sublimit) Short-term – Non- 44.00 [ICRA]A1+ Reaffirmed fund based Short-term – Fund- 35.00 [ICRA]A1+ Reaffirmed based Total 214.00 The rating letter received from ICRA is attached as an Annexure. The above information will also be available on the website of the Company at www.uds.in Kindly take the same on record and acknowledge. Yours faithfully, For Updater Services Limited Sandhya Saravanan Company Secretary and Compliance Officer A66942 Updater Services Limited (earlier Updater Services Pvt Ltd) 1st Floor, No.42, Gandhi Mandapam Road, Kotturpuram, Chennai - 600085 +91 44 2446 3234 I 0333 I sales@uds.in I facility@uds.in I www.uds.in I CIN L74140TN2003PLC051955 Our Values: happy people I clear purpose I better everyday I do good I balance all ICRA/Updater Services Limited/29092026/01 Date: September 29, 2026 Mr. Ram Praveen Chief Financial Officer Updater Services Limited Old No. 42, New No. 15 Gandhi Mandapam Road, Kotturpuram, Chennai -600 085. Dear Sir, Re: Updater Services Limited following rating actions for the mentioned instruments of your company. Rated Amount Financial Sector Instrument Rating Action1 (Rs. crore) Regulator# Long-term Fund-based 135.00 [ICRA]AA-(Stable) reaffirmed RBI Long-term Fund-based (30.00) [ICRA]AA-(Stable) reaffirmed RBI (sublimit) Short-term Non-fund 44.00 [ICRA]A1+; reaffirmed RBI based Short-term Fund-based 35.00 [ICRA]A1+; reaffirmed RBI Total 214.00 # ilable for activities and instruments which fall under the regulatory purview of Financial Sector Regulators other than SEBI. The aforesaid rating(s) will become due for surveillance within one year from the date of rating communication letter. However, ICRA reserves the right to review and/or, revise the above rating(s) at any time based on new information becoming available, or the required information not being available, or other circumstances that ICRA believes could have an impact on the rating(s). Therefore, request the lenders and investors to visit ICRA websiteatwww.icra.in for latest rating(s) of the company. The rating(s) arespecific to the terms and conditions of the instruments as indicated to us by you, and any change in the terms or size of the same would require a review of the rating(s) by us. In case there is any change in the terms and conditions or the size of the rated instrument, the same must be brought to our notice before the instrument is used by you. In the event such changes occur after the rating(s) have been assigned by us and their use has been confirmed by you, the rating(s) would be subject to our review, following which there could be a change in the rating(s) previously assigned. Notwithstanding the foregoing, any change in the over-all limit of the instrument from that specified in this letter, would constitute an enhancement that would not be covered by or under the said Rating Agreement. The rating(s) assigned must be understood solely as an opinion and should not be treated, or cause to be treated, as recommendation to buy, sell, or hold the rated instrument availed/issued by your company. 1Complete definitions of the ratings assigned are available at www.icra.in. ICRA Limited Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel. +91-11-23357940-41 Building No. 8, 2nd floor, Tower A, DLF Cyber City, Phase II, Gurugram-122002 www.icra.in info@icraindia.com +91-93547-38909 +0124-44554455330000 CCIINN:: LL7744999999DDLL11999911PPLLCC004422774499 Sensitivity Label : Restricted You are also requested to forthwith inform us about any default or delay in repayment of interest or principal amount of the instrument rated, as above, or any other debt instruments/ borrowing and keep us informed of any other developments which may have a direct or indirect impact on the debt servicing capability of the company including any proposal for re- schedulement or postponement of the repayment programmes of the dues/ debts of the company with any lender(s) / investor(s), or occurrence of any significant development that could impact the ability of the company to raise funds such as restriction imposed by any authority from raising funds through issuance of debt securities through electronic bidding system. Further, you are requested to inform us immediately as and when the borrowing limit for the instrument rated, as above, or as prescribed by the regulatory authority(ies) is exceeded. We look forward to your communication and assure you of our best services. With kind regards, Yours sincerely, For ICRA Limited Srikumar Krishnamurthy Senior Vice President and Co-Group Head ksrikumar@icraindia.com Sensitivity Label : Restricted Annexure Details of Bank Limits Rated by Amount (Rs. ICRA (Rated on Long-Term Rating Rating Assigned On crore) Scale) Fund based Cash Credit YESBankLimited 25.00 DBSBankLimited 20.00 ICICIBankLimited 5.00 HDFCBankLimited 55.00 [ICRA]AA- September 22, 2026 StandardCharteredBank 30.00 (Stable) Sublimit DBSBankLimited (25.00) KotakMahindraBankLimited (5.00) Total 135.00 Details of Bank Limits Rated by Amount (Rs. ICRA (Rated on Long- Rating Rating Assigned On crore) Term/Short-Term Scale) Non Fund-Based Facilities DBSBankLimited 5.00 ICICIBankLimited 25.00 HDFCBankLimited 14.00 [ICRA]A1+ September 22, 2026 Working Capital Demand Loan Kotak Mahindra Bank Limited 35.00 Total 79.00 Sensitivity Label : Restricted