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Updater Services Limited ( (IN:UDS) ) has provided an update.
Updater Services Limited has announced an investigation into potential irregularities involving trade receivables and payables related to its subsidiary, Avon Solutions & Logistics Private Limited. The management has already made a preliminary assessment, recording a provision for doubtful recovery of INR 30 million, but the full impact on financial results remains uncertain pending the investigation’s completion.
More about Updater Services Limited
Updater Services Limited operates in the business services industry, focusing on providing comprehensive facility management and business support services. The company is headquartered in Chennai, India, and serves a diverse range of clients with solutions that enhance operational efficiency.
Average Trading Volume: 19,012
Technical Sentiment Signal: Sell
Current Market Cap: 15.67B INR
For a thorough assessment of UDS stock, go to TipRanks’ Stock Analysis page.