The Board Meeting to be held on 20/05/2025 has been revised to 24/05/2025 Updater Services Ltd has informed the stock exchange that the meeting of the Board of Directors of the Company ....
UDS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Updater Services has rescheduled its board meeting from May 20, 2025 to May 24, 2025. The delay is due to a merger order dated May 8, 2025 involving Stanworth Management Pvt Ltd and Tangy Supplies & Solutions Pvt Ltd merging into the company, which now needs to be accounted for under Ind AS 103 in the financials. The board will consider and approve the standalone and consolidated audited financial results for Q4 and full year ended March 31, 2025. The trading window for insiders remains closed from April 1, 2025 and will reopen 48 hours after the results are declared.
This is a procedural postponement to incorporate merger accounting rather than a negative development. Investors should expect the FY25 audited results on May 24, 2025, with figures reflecting the merged entities. The insider trading window closure signals results are still pending and trading remains restricted for insiders until after the announcement.