This file is indexed.

/sbin/upsd is in nut-server 2.7.2-4ubuntu1.

This file is owned by root:root, with mode 0o755.

The actual contents of the file can be viewed below.

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#!/bin/sh

# Include NUT nut.conf
[ -r /etc/nut/nut.conf ] && . /etc/nut/nut.conf

case "$MODE" in
  standalone|netserver)
    exec /lib/nut/upsd "$@"
  ;;
  none|netclient)
    echo "upsd disabled, please adjust the configuration to your needs"
    echo "Then set MODE to a suitable value in /etc/nut/nut.conf to enable it"
    # exit success to avoid breaking the install process!
    exit 0
  ;;
  *)
    exit 1
  ;;
esac