Updater Services Ltd

Updater Services Ltd Reports Smooth Utilization of IPO Funds 🏦

- Monitoring Agency Report for June 30, 2025, submitted by ICRA Limited.

- Total issue size: ₹640.00 Cr, net proceeds: ₹377.87 Cr (excluding expenses).

- Funds allocated to: Repayment of borrowings (₹133.00 Cr), Working capital (₹115.00 Cr), Inorganic initiatives (₹80.00 Cr), General corporate purposes (₹49.87 Cr).

- Only ₹0.11 Cr remains unutilized under general corporate purposes.

- No delays or material deviations in fund utilization.

- Report available on company website: www.uds.in.