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 Ltd, bought 16,000 equity shares through the open market on November 13, 2025. This small purchase raised his stake from 24.0385% to 24.0624%, a marginal increase of 0.0239%. The transaction was disclosed under SEBI Takeover Regulations 29(1) and 29(2), which govern incremental shareholding changes by promoters. The shares were acquired on both NSE and BSE-listed stock of the company, which has a total equity share capital of Rs. 66.95 crore divided into 6.69 crore shares of Rs. 10 each.
The purchase is minor and signals promoter confidence, but is too small to materially affect stock price or control dynamics. Investors may note the promoter is approaching the 25% shareholding threshold, beyond which further acquisition rules tighten.