Updater Services Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 08, 2025
UDS · price
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Updater Services Limited has issued the notice for its 22nd AGM, scheduled for Friday, August 8, 2025, at 12:30 PM IST, to be held via Video Conferencing. Shareholders will vote on approving the audited standalone and consolidated financial statements for the year ended March 31, 2025, and on the re-appointment of Mr. Raghunandana Tangirala (Managing Director and Chairperson) who retires by rotation. Special business includes appointing M/s. A.K Jain & Associates as Secretarial Auditors for a five-year term (April 2025 to March 2030) with a fee of Rs. 1.50 lakh for FY 2025-26, approving a fixed annual remuneration of Rs. 96 lakh plus Rs. 20 lakh in variable pay for Executive Director Mrs. Jigyasa Sharma effective July 1, 2025, and approving up to 1% of standalone net profits as commission to Non-Executive Directors for FY 2025-26. Remote e-voting opens August 5, 2025 and closes August 7, 2025, with the cut-off date set as August 1, 2025.
This is a routine AGM notice with no immediate price-moving surprise, but shareholders should note two governance-cost items: a new Rs. 96 lakh annual remuneration package for the Executive Director (Mrs. Jigyasa Sharma, who is also the daughter-in-law of the Managing Director) and a potential commission pool of up to 1% of standalone net profits for Non-Executive Directors in FY 2025-26. The AGM outcome is largely procedural, with approval of FY25 audited accounts being the most market-relevant item.