Updater Services Ltd

Updater Services Ltd Proposes Leadership Change & Shareholder Voting 🗳️

- Updater Services Ltd is conducting a Postal Ballot for shareholder approval on key resolutions.

- Key resolution: Change in designation of Mr. Amitabh Jaipuria from Non-Executive Director to Senior Executive Director and his appointment as Whole-time Director and Key Managerial Personnel.

- Proposed remuneration for Mr. Amitabh Jaipuria includes a fixed salary of Rs. 1,50,00,000 per annum, with additional benefits and perquisites as per company policy.

- Remote e-voting period: Starts at 9:00 AM IST on May 27, 2026, and ends at 5:00 PM IST on June 25, 2026.

- Results of the Postal Ballot will be announced on or before June 26, 2026, and displayed on the company's website and stock exchange platforms.

- Mr. Amitabh Jaipuria has over 37 years of experience, including leadership roles such as CEO and Managing Director, and brings expertise in corporate affairs and strategic initiatives.