Updater Services Limited — Important, 05-02-2025: General Updates

M/s. Washroom Hygiene Concepts Private Limited, a subsidiary of Updater Services Limited, has received an order from the Superintendent in Wazirpur, Delhi for ₹23.37 lakh due to reconciliation differences related to excess Input Tax Credit (ITC) claimed. The subsidiary believes the order lacks merit and anticipates that the actual financial impact could be nil. They are actively considering legal avenues, including the possibility of filing a Writ Petition to contest the order. This development reflects potential legal challenges but may not significantly affect the overall financial health of Updater Services. Shareholders should stay informed on the progression of this situation.