Updater Services Limited has disclosed its financial results for Q2 FY2025, reporting a significant ₹250 million in trade receivables as of September 30, 2025. This announcement was made following a board meeting held on November 5, 2025, in which the directors reviewed and approved the standalone and consolidated un-audited financial results. The results will soon be published in both English and Tamil newspapers and made available on the company’s official website, www.uds.in, in compliance with the Securities and Exchange Board of India (SEBI) regulations.

The financial report highlights that the trade receivables are net of a provision of ₹30 million. The company is currently facing scrutiny due to alleged irregularities in transactions involving its subsidiary, Avon Solutions & Logistics Private Limited, which has raised concerns regarding the integrity of its receivables. The board has stated that an investigation is underway, and the final implications of these findings on the financial results will be determined once it is completed. Additionally, the trade payables balance reported stands at ₹50 million related to the same transactions, marking a period of uncertainty for the company's financial standing.

In a related development, Updater Services has also accounted for the amalgamation of Stanworth Management Private Limited and Tangy Supplies & Solutions Private Limited, which was sanctioned by the National Company Law Tribunal on May 8, 2025. This amalgamation affects the financial reporting for prior periods, necessitating adjustments to reflect its impact on the financial statements starting from the appointed date of April 1, 2024. As the company navigates through these challenges, stakeholders will be closely monitoring how the ongoing investigations and financial adjustments will shape the future outlook for Updater Services Limited.