Announcement under Regulation 30 (LODR) - Monitoring Agency Report for the Quarter ended June 30, 2026.

Redefining Business Services July 31, 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: Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Monitoring Agency Report. Pursuant to the Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Regulation 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find enclosed herewith the Monitoring Agency Report for the quarter ended on June 30, 2026, issued by ICRA Limited, the Monitoring Agency appointed in respect of utilization of proceeds of the Initial Public Offer of the Company. This intimation is being provided for your information and record. The same shall be available on the website of the Company at www.uds.in 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 Limited Date:July31, 2026 Mr. Ram Praveen Radhakrishnan Chief Financial Officer Updater Services Limited First Floor, No.42 Gandhi Mandapam Road, Kotturpuram, Chennai -600085 Dear Sir, Re: Final Monitoring Agency report of Updater Services Limitedfor Q1FY2027 Please refer to agreement dated August 24, 2023, appointing ICRA Limited as the Monitoring Agency (MA) forUpdater Services Limited IPOIssue. After due consideration, ICRA has prepared the attached final Monitoring Agency report as per SEBI (Issue of Capital and Disclosure Requirements) Regulations for Q1FY2027. Please note that the Monitoring Agency report does not constitute a commentary on the quality of the objects of the issue, appropriateness or reasonableness of costs or spending by Updater Services Limited against any objects / heads or assurance on outcome of such spending. We thank you for your kind cooperation extended during the course of Q1 FY2027. Should you require any clarification, please do not hesitate to get in touch with us. We look forward to your communication and assure you of our best services. With kind regards For ICRA Limited Parul Goyal Narang Vice President & Head-Process Excellence Parul.goyal@icraindia.com Building No. 8, 2ndFloor, Tower A Tel.: +91.124 .4545300 Website: www.icra.in DLF Cyber City, Phase II CIN : L749999DL1991PLC042749 Email: info@icraindia.com Gurugram 122002, Haryana Helpdesk: +91 9354738909 Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel. :+91.11.23357940-41 RATING RESEARCH INFORMATION Sensitivity Label : Confidential June2026 MONITORING AGENCYREPORT Name of the Issuer:Updater Services Limited For quarter ended: June30,2026 Name of the Monitoring Agency (MA):ICRA Limited (a) Deviation from the objects of the issue: Nodeviation -the utilization of the issuance proceeds is in line with the objects of the issue. (b) Range of deviation: Not Applicable Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intendedto or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit relatedanalyses. We confirm that we do not perceive any conflict of interest in such relationship/ interest while monitoring and reporting the utilization of the issue proceeds by the issuer. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the of the Board of Directors subsequent tothe MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no Signature: Parul Goyal Narang Vice President &Head-Process Excellence Analyst: Subhechha Banerjee Quality Analyst: Parul Goyal Narang Sensitivity Label : Confidential June2026 1. IssuerDetails Name of the Issuer:Updater Services Limited Name(s) of the promoters: Promoters Shanthi Tangirala TangiralaRaghunandana Anjan Sarma Jigyasa Sharma Venkata Subbiah SarmaTangirala Tangi Facility SolutionsPrivate Limited Source: Prospectus Industry/ sector to which it belongs: - Manpower Outsourcing and Security Services. 2. Issue Details Issue Period:Openingdate-September25, 2023 Closingdate-September27, 2023 Type of Issue:Initial Public Offer Type of specified securities:Equity shares IPO Grading, if any: No credit rating agency registered with SEBI has been appointed in respect ofobtaininggrading for theoffer. Issue Size (Rs. Crore):INR 640.000crores With OFS portion:INR 640.000Crore. Excluding OFS portion:INR400.000Crore. Net proceedsas per the Prospectus:INR 377.870Crore(Excluding Issue Related Expenses)* *Note: Actual Proceeds transferred to the Monitoring Accountis INR 377.760. INR 0.11 is parked in the public issue account. However,ICRA will be monitoring INR 377.870 Crore. Sensitivity Label : Confidential June2026 3. Details of the arrangement made to ensure the monitoring of issue proceeds. Source of information, Comments of certifications considered by Comments of the Monitoring Particulars Reply the Monitoring Agency for Agency Board of the preparation of report Directors -Peer Review CACertificate Whether all utilization is as per -Confirmation from the disclosures in the Offer Yes management No deviation observed. Document? -Bank statement of the proceeds account Whether shareholder approval has been obtained in case of As confirmed by material deviations#from No No comments management expenditures disclosed in the Offer Document? Whether the means of finance for the disclosed objects of the No No comments management issue has changed? Is there any major deviation observed over the earlier No No deviation observed No comments monitoring agency reports? Whether all Government/ statutory approvals related to Not No comments the object(s) have been Applicable management obtained? Whether all arrangements pertaining to technical Not No comments assistance/ collaboration are in Applicable management operation? Are there any favorable events As understood from the improving the viability of these No object(s)? management Are there any unfavorable As understood from the events affecting the viability of No the object(s)? management Is there any other relevant information that may materially As understood from the affect the decision making of the management investors? [Showing first 8,000 characters — download PDF for full document]