Updater Services Limited has received a revised order from the Joint Commissioner (ST) Appeals, Chennai, reducing its earlier tax demand from Rs. 41.6 lakh to just Rs. 46,382. The company plans to pursue further legal remedies and expects no significant financial impact from the case.
Updater Services Limited (UDS), listed on both NSE and BSE, has announced a substantial reduction in its tax demand following a revised order issued by the Joint Commissioner (ST) Appeals, Chennai. The order, dated February 12, 2026, comes after the company’s appeal filed in July 2024.
Key Highlights
-
Reduction of demand from Rs. 41,60,998 to Rs. 46,382 under CGST Act, 2017
-
Order passed on February 12, 2026, and intimated to exchanges on February 13, 2026
-
Company believes the order lacks merit and intends to file a writ/appeal before the appellate authority
-
Management expects no material financial impact from the revised demand
-
The announcement underscores UDS’s proactive legal approach and reassures stakeholders that the financial exposure is negligible.
Source: Intimation filed by Updater Services Limited with NSE and BSE