UPDATER SERVICES: APPOINTS JIGYASA SHARMA AS CEO-DESIGNATE OF MATRIX BUSINESS SERVICES

• Leadership Appointment: Appointed Jigyasa Sharma as CEO-Designate of Matrix Business Services India Pvt Ltd, a subsidiary of Updater Services • Effective Date: Appointment as CEO-Designate effective November 1, 2026, until March 31, 2027 • CEO Transition: Jigyasa Sharma will take over as CEO of Matrix effective April 1, 2027 • Leadership Succession: Appointment forms part of the company's planned leadership transition • Current CEO: Raj Shankar will continue as CEO until March 31, 2027, and remain associated with the company in a new capacity thereafter • Professional Experience: Jigyasa Sharma currently serves as Executive Director at UDS Group, leading integrated business support services and facility management solutions • Previous Experience: Held leadership roles at US Ignite and worked on technology, public policy and innovation initiatives • Business Strategy: Leadership transition aims to ensure continuity and strengthen Matrix's future growth initiatives Impact: Neutral (Planned leadership succession supports management continuity, with no immediate financial impact disclosed.)

UPDATER SERVICES LIMITED

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