On November 5, 2025, Updater Services Limited announced its financial results for the second quarter of the fiscal year 2025, reporting unaudited standalone and consolidated results for the period ending September 30, 2025. The company disclosed a total of INR 250 million in trade receivables, net of provisions, alongside trade payables of INR 50 million. These figures are linked to transactions under scrutiny involving its subsidiary, Avon Solutions & Logistics Private Limited. The Board of Directors convened from 5:00 PM to 9:30 PM to approve these results, which will be subsequently published in both English and Tamil newspapers and made available on the company's website.

The financial review was conducted by B S R & Co. LLP, which noted irregularities concerning sales and vendor services at Avon. While the report acknowledges the potential impact of these irregularities, it does not express an audit opinion due to the ongoing investigation. The report emphasized that the overall financial results were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and other recognized accounting principles. Despite the concerns, no material misstatement was identified that would affect the disclosed information as per SEBI regulations.

Furthermore, the company has recently undergone an amalgamation with Stanworth Management Private Limited and Tangy Supplies & Solutions Private Limited, effective from April 1, 2024, as approved by the National Company Law Tribunal on May 8, 2025. This merger has been accounted for by restating prior period financial information to reflect the changes. The financial landscape of Updater Services is evolving as it navigates through these challenges and regulatory requirements, with the management committed to ensuring transparency and compliance in its financial reporting.