Updater Services Limited has reported INR 250 million in trade receivables for the quarter ending September 30, 2025, as disclosed in their recent board meeting held on November 5, 2025. The company, which transitioned from Updater Services Pvt Ltd to its current name, provided both standalone and consolidated un-audited financial results during this meeting. The results will be published in both English and Tamil newspapers and made accessible on their website, in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The report also highlighted a balance of INR 50 million in trade payables, raising concerns regarding potential irregularities involving its subsidiary, Avon Solutions & Logistics Private Limited. Management has identified several questionable transactions related to sales and services, and an investigation is currently underway. Until this investigation concludes, it is uncertain whether any adjustments to the financial results will be necessary. The Limited Review Report from B S R & Co. LLP noted these concerns but did not indicate any major misstatements outside of this issue.

Additionally, the company's recent amalgamation of two subsidiaries, Stanworth Management Private Limited and Tangy Supplies & Solutions Private Limited, was approved by the National Company Law Tribunal on May 8, 2025. This amalgamation has been accounted for by adjusting prior financial statements as per Indian Accounting Standards. The implications of these developments will be closely monitored, especially as Updater Services navigates through its ongoing investigation and the integration of its newly amalgamated subsidiaries.