Updater Services Limited — Others, 05-11-2024: Shareholders meeting

Updater Services Limited has announced the results of their recent Postal Ballot, where a special resolution for the amalgamation with Stanworth Management Private Limited and Tangy Supplies & Solutions Private Limited was proposed. Although the majority of votes were in favor, the resolution did not pass as it failed to achieve the required majority under the Companies Act. Detailed voting results indicate that the resolution received 99.9996% votes in favor but did not meet the requisite shareholding consent threshold.