Updater Services Limited has informed the Exchange about Action(s) taken or orders passed
UDS · price
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Awaiting price reaction for this filing.
Updater Services Limited received a revised order from the Office of Joint Commissioner (Service Tax) Appeals, Chennai, under the CGST Act, 2017. The order, passed on February 12, 2026, follows an appeal filed by the company on July 23, 2024, and drastically reduces the original tax demand from Rs. 41,60,998 to just Rs. 46,382. The company has stated that, based on its assessment, the revised order is without merit and expects the eventual financial impact to be NIL. It is planning to file a writ or further appeal before the appropriate authority to set aside the remaining demand.
The dramatic reduction in the tax demand (from ~Rs 41.6 lakhs to ~Rs 46,382) is a clear positive for shareholders, and the company's view that residual financial impact will be NIL further limits downside risk. The stock is unlikely to see any material negative reaction from this filing.