Updater Services Limited — Important, 20-02-2025: General Updates

Updater Services Limited has received an order amounting to ₹85.71 crore from the Bengaluru Deputy Commissioner under Section 73 of the KGST Act, 2017, due to alleged non-payment of GST on SEZ supplies. The company is exploring legal avenues, including an appeal, and anticipates that this issue will not have a significant financial impact, projecting a potential outcome of nil. Investors should keep a watch on developments as the situation unfolds and assess any implications this may have on the company's financial standing and operational strategy.