Promoter Anjan Sarma gifts 3.50 percent stake to brother (also a promoter)
UDS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mr. Anjan Sarma, promoter of Updater Services, gifted 23,44,025 equity shares (3.50 percent of paid-up capital) to his brother Mr. Tangirala Venkata Subbiah Sarma, also a promoter, on June 30, 2026, via off-market transfer. Post this, Anjan Sarma's holding dropped from 3.50 percent to 0.00 percent. The company clarified there is no change in aggregate promoter shareholding since both individuals are promoters. Total equity share capital remains unchanged at 6,69,53,241 shares of Rs 10 each.
Neutral; internal family transfer between two promoters leaves aggregate promoter holding and share capital unchanged. No expected stock price impact.