Updater Services Limited — JV/Acquisition, 10-05-2025: Amalgamation/Merger

Updater Services Limited has announced a board meeting on the financial results for the quarter and half-year. The company is merging its wholly owned subsidiaries, Stanworth Management Private Limited and Tangy Supplies & Solutions Private Limited, to simplify its group structure, strengthen finances, and optimize resources. Since these are fully owned subsidiaries, no new shares will be issued, avoiding shareholder dilution. After the merger, the subsidiaries will dissolve, and Updater will increase its authorized capital accordingly, streamlining operations and preserving key employee rights.