Upsurge Investment & Finance board clears Q2 FY27 results, appoints CFO and okays Rs 20 crore fundraise

• Quarterly results: Approved unaudited standalone financial results for the quarter and half year ended 30th September, 2026 along with the limited review report.
• New CFO (KMP): Appointment of Mr. Manish Kabra as Chief Financial Officer (Key Managerial Personnel) of the Company with effect from 05th November 2026.
• Capital raise size: Board has "considered and approved to raise additional capital to the extent of Rs 20.00 cr".
• Instruments: The capital may be raised "through issue of one or more instruments including Equity Shares, Convertible or Non-Convertible Securities of any description or Warrants or Debt Securities".
• Routes: The issue may be done "through Preferential Issue, Private Placements, Rights Issue or any other methods or combination thereof as may be permitted under applicable laws".
• Approvals pending: The capital raise is "subject to such regulatory/statutory approvals as may be required including the approval of the shareholders of the Company".
• Board meeting timing: The meeting commenced at 05.00 P.M. and concluded at 05.20 P.M.

Investors searching for Upsurge Investment & Finance Ltd buyback, bonus issue or dividend record date should note that this particular Outcome of Board Meeting filing does not contain:

• Any buyback of shares (no buyback price per share, size or percentage of equity is mentioned).
• Any bonus issue (no bonus ratio or related timetable is mentioned).
• Any dividend declaration (no dividend per share, record date or payment date is mentioned).

The only capital-related decision recorded is the enabling resolution to raise up to Rs 20.00 cr through various possible instruments and methods, as described in point 3 of the board's outcome letter. The filing does not provide a detailed timetable, pricing, or specific structure for this proposed fundraising.

Because the filing does not announce a buyback, bonus issue or dividend, it also does not specify any record date, ex-date or eligibility criteria for such actions.

For the proposed capital raise of up to Rs 20.00 cr, the board has stated that it will be subject to further regulatory and statutory approvals, "including the approval of the shareholders of the Company". Details such as the exact instrument, issue price, ratio (if any), and schedule would typically be provided in subsequent shareholder notices or offer documents once the company finalises the structure.

The letter is signed by Daya Dhavalbhai Savani, Company Secretary & Compliance Officer, on behalf of Upsurge Investment & Finance Limited.