Intimation of Newspaper Publication of Postal Ballot Notice for Change in Designation of Mr. Amitabh Jaipuria - Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015.
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Updater Services Limited has published newspaper notices and completed dispatch of Postal Ballot Notice seeking shareholder approval for changing the designation of Mr. Amitabh Jaipuria (DIN: 01864871) from Non-Executive Director to Senior Executive Director, along with his appointment as Whole-time Director and Key Managerial Personnel. This is a Special Resolution requiring shareholder approval. The company engaged NSDL for remote e-voting, which is open from May 27, 2026 (9:00 AM IST) to June 25, 2026 (5:00 PM IST). Results will be announced on or before June 26, 2026. The notice was published in Financial Express (English) and Makkal Kural (Tamil) newspapers on May 26, 2026.
Shareholders should vote on this resolution as it changes the board composition and executive management structure. If approved, Mr. Jaipuria will move from a non-executive to a full-time executive role with greater operational responsibilities, which may signal increased management commitment but also reduced board independence.