Updater Services Limited has announced the appointment of M/s R.G.N. Price & Co. as the company's internal auditors, effective from July 1, 2025, to March 31, 2026. This decision was approved during a board meeting held on November 5, 2025, and is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The internal audit functions will be carried out by R.G.N. Price & Co., which has a solid reputation in the field of audit, assurance, and management consultancy services.
R.G.N. Price & Co. brings over 75 years of experience in various domains, including taxation, financial compliance, and advisory services. The firm is well-versed in Internal Control Frameworks, Cost Reduction Strategies, and Mergers and Acquisitions, among other specialized services. Their extensive expertise is expected to enhance Updater Services' internal audit functions and ensure compliance with regulatory standards. The appointment aims to bolster the company's governance and operational efficiencies.
The announcement has been communicated to both the BSE (Scrip Code: 543996) and the NSE (Code: UDS), reflecting Updater Services Limited's commitment to transparency and adherence to regulatory requirements. This strategic decision underscores the company’s dedication to maintaining high standards of financial integrity and operational excellence, as it continues to navigate the complexities of the business environment.