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The latest update is out from Updater Services Limited ( (IN:UDS) ).
Updater Services Limited has informed the stock exchanges that the Joint Commissioner (St), Appeals, Chennai has passed an order dated 3 February 2026 dropping an earlier demand raised by the GST Department. Following submissions and documentary evidence furnished during the appellate proceedings, the authority has set aside in full a GST demand of Rs 4.69 crore, leaving the company with no resulting tax liability; this outcome removes a potential financial and operational overhang for the firm and clarifies its position on the disputed tax matter for investors and other stakeholders.
More about Updater Services Limited
Updater Services Limited, formerly Updater Services Pvt Ltd, is a Chennai-headquartered business services company providing integrated facility management and related support services to corporate clients. The company operates across India, focusing on outsourced business and facility solutions for enterprises, and is listed on both the BSE and NSE under the code UDS.
Average Trading Volume: 11,231
Technical Sentiment Signal: Sell
Current Market Cap: 9.93B INR
For a thorough assessment of UDS stock, go to TipRanks’ Stock Analysis page.