NSEDisclosure under SEBI Takeover Regulations3d ago · 24 Jul 2026, 04:06 pm

Disclosure under SEBI Takeover Regulations

Updater Services Limited · UDS

✦ AI SummaryRegulatory

Updater Services Limited has submitted a disclosure under SEBI Takeover Regulations, stating that promoter Anjan Sarma has gifted 23,44,025 equity shares to his brother, resulting in Anjan Sarma's shareholding decreasing to 0.00%.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern3/10
Regulatory Risk8/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment5/10

✦ Ask a Question

Ask anything about this announcement — AI will answer based on the filing content.

0/500

Full Announcement

Updater Services Limited has submitted to the Exchange a copy of Disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Attachments (1)

📄

team_bbodade_01072026183413_UDS3.pdf

pdf

Download →
View document text
Redefining Business Services July 01, 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: Disclosure in terms of Regulation 2 of SEBI (SAST) Regulations, 2011. Pursuant to Regulation 29 of the SEBI Takeover Regulations, please find enclosed the disclosure from Mr.Anjan Sarma and Mr. Tangirala Venkata Subbiah Sarma, the Promoters of the Company in the prescribed format. Further, we wish to inform you that there is no change in the aggregate shareholding of promot r post the process. This is for your information and records. 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 June 30, 2026 Updater Services Limited BSE Limited (BSE) National Stock Exchange of India Limited (NSE) 1st Floor, No. 42, Corporate Relationship Gandhi Mandapam Road, Department, Listing Department Exchange Kotturpuram, Chennai Plaza, 600085 Phiroze Jeejeebhoy Towers, 25th Floor, Dalal 5th Floor, Plot No. C/1, G Street, Mumbai - 400001 Block, Bandra Kurla Complex, Bandra (East), Mumbai BSE Scrip Code: 543996 400051 NSE Code: UDS Kind Attn: The Company Secretary Subject: Disclosure under Regulation 29(1) and 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Dear Sir/Mam, I, Mr. Anjan Sarma (PAN: CYVPA3047E), one of the promotors of Updater Services Limited holding 23,44,025 equity shares (3.50%) of the company, wish to inform you that I have gifted 23,44,025 equity shares of the Company to my brother Mr. Tangirala Venkata Subbiah Sarma, promotor (PAN: CXEPT5691K) on June 30, 2026. Pursuant to this gift, my shareholding in the Company has decreased to 0.00% of the paid-up share capital, i.e., from 3.50% (last reported holding) to 0.00% resulting in Nil holding. In accordance with Regulation 29(1) and 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, please find enclosed herewith the requisite disclosure in the prescribed format. You are kindly requested to take the same on record and acknowledge receipt. Thank you. Yours faithfully, Anjan Sarma (Promoter) Format for Disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Details of Sale Name of the Target Company (TC) Updater Services Limited Name(s) of the seller/acquirer and Persons Anjan Sarma Acting in Concert (PAC) with the acquirer Whether the seller/acquirer belongs to Yes Promoter/Promoter group Name(s) of the Stock Exchange(s) where the 1) National Stock Exchange of India Limited shares of TC are Listed 2) BSE Limited Details of the acquisition / disposal as Number % w.r.t. % w.r.t. total follows total diluted share/voti share/voting n g capital capital of the TC wherever (**) applicable Before the acquisition/ disposal under consideration, holding of: a) Shares carrying voting rights 23,44,025 3.5009 3.5009 b) Shares in the nature of encumbrance - - - (pledge/lien/non-disposal undertaking/others) c) Voting rights (VR) otherwise than by equity - - - shares d) Warrants/convertible securities/any other - - - instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) e) Total (a+b+c+d) 23,44,025 3.5009 3.5009 Details of acquisition/sale a) Shares carrying voting rights acquired/sold 23,44,025 3.5009 3.5009 b) VRs acquired otherwise than by equity shares - - - c) Warrants/convertible securities/any other - - - instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired/sold d) Shares in the nature of encumbrance pledge/ - - - lien/ non-disposal undertaking/others) e) Total (a+b+c+/-d) 23,44,025 3.5009 3.5009 After the acquisition/sale, of: a) Shares carrying voting rights 0 0.0000 0.0000 b) Voting rights (VR) otherwise than by equity - - - shares c) Warrants/convertible securities/any other - - - instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) d) Shares in the nature of encumbrance - - - (pledge/lien/ non-disposal undertaking/others) e) Total (a+b+c+d) 0 0.0000 0.0000 Mode of sale/acquisition Off Market (e.g. off market/open market / public issue / rights issue / preferential allotment / inter-se transfer/encumbrance, etc.) Salient features of the securities sold/acquired Equity Shares of the Target Company including time till redemption, ratio at which it can be converted into equity shares, etc. Date of sale/acquisition of/ date of receipt of June 30, 2026 intimation of allotment of shares / VR/ warrants/convertible securities/any other instrument that entitles the acquirer to receive shares in the TC. Equity share capital / total voting capital of Rs. 66,95,32,410/- divided into 6,69,53,241 the TC before the said sale/acquisition equity shares of Rs. 10/- each Equity share capital/ total voting capital of the Rs. 66,95,32,410/- divided into 6,69,53,241 TC after the said sale/acquisition equity shares of Rs. 10/- each Total diluted share/voting capital of the TC Rs. 66,95,32,410/- divided into 6,69,53,241 after the said sale/acquisition equity shares of Rs. 10/- each (*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Reg. 31 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. (**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC. Anjan Sarma (Promoter) Place: Chennai Date: June 30, 2026