Updater Services Limited (UDS) announced the outcome of its Board Meeting held on February 05, 2026, where the Board considered and approved the Standalone and Consolidated Un-audited Financial Results for the quarter and nine months ended December 31, 2025. The financial results, along with the Limited Review Report, have been submitted and will be published in English and Tamil newspapers within the prescribed timeline, and will also be made available on the company's website, www.uds.in. The Board meeting commenced at 6:00 PM and concluded at 8:00 PM. The Limited Review Report from B S R & Co. LLP highlights a matter concerning trade receivables and payables of INR 266 million and INR 35 million respectively, relating to alleged irregularities in its subsidiary, Avon Solutions & Logistics Private Limited. An expense of INR 201 million has been recognized for expected credit loss due to doubtful recovery of these receivables. This matter was also noted in the previous quarter's review report. The report also details the amalgamation of Stanworth Management Private Limited (SMPL) and Tangy Supplies & Solutions Private Limited (TSSPL) with Updater Services Limited, approved by the National Company Law Tribunal on May 8, 2025.
