The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Raghunandana Tangirala
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Mr. Raghunandana Tangirala, a Promoter of Updater Services Limited, acquired 36,000 equity shares through the open market on November 10, 2025. This purchase increased his shareholding in the company from 23.9474% to 24.0011%, a rise of 0.0537% of the paid-up share capital. The acquisition was disclosed under Regulation 29(1) and 29(2) of SEBI's Takeover Regulations, 2011. The total equity share capital of the company remains Rs. 66.95 crore, divided into 6,69,53,241 shares of Rs. 10 each. The promoter bought the shares directly in the market with no encumbrance involved.
This is a small but confidence-signalling purchase by the promoter, indicating continued faith in the company. The size of the acquisition is very minor (0.05%) and is unlikely to materially move the share price, though it may be viewed positively by retail investors as promoter buying.