Updater Services Limited — Board Meeting, 24-05-2025: Outcome of Board Meeting

Updater Services Limited has announced a board meeting to approve the financial results for the quarter and half-year. Consolidated revenue grew 12% to INR 2,736 Cr, with profit after tax nearly doubling to INR 119 Cr. The company completed mergers with Stanworth Management and Tangy Supplies, expanding its footprint. An exceptional reversal of INR 22 Cr post-subsidiary merger boosted profits. The board appointed M/s. A.K. Jain & Associates as Secretarial Auditors for five years starting FY26 and approved utilization of IPO funds. A recent cybersecurity incident had no financial impact.