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, purchased 20,000 equity shares through the open market on September 26, 2025. This acquisition raised his shareholding from 23.9175% to 23.9474%, an increase of just 0.0299% of the company's paid-up share capital. The disclosure was filed under Regulation 29(1) and 29(2) of the SEBI Takeover Regulations, 2011. The shares were bought at a time when the total equity capital stood at Rs. 66.95 crore divided into 6.69 crore equity shares of Rs. 10 each. This is a small, incremental purchase by the promoter.
The acquisition is too small (0.03%) to have a meaningful impact on the stock price, but it signals continued promoter confidence in the company. Shareholders may view this as a positive sign of the promoter's long-term commitment.