Updater Services Limited — Others, 03-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Updater Services Limited has announced a board meeting to discuss the financial results for the quarter and half-year. The company confirmed there were no material deviations in the usage of funds raised through its Initial Public Offer amounting to ₹377.87 crore for the quarter ended December 31, 2024. This aligns with the report reviewed by the Audit Committee. A clean statement of deviation further reinforces financial discipline, enhancing investor confidence in the company’s operational integrity and fund management. The absence of deviations suggests a stable outlook, potentially positively influencing investor sentiment towards the stock.