Quarterly Updates23 Feb 2026, 07:42 pm
Upsurge Investment & Finance Ltd. Approves Equity Share Allotment Post Conversion of Convertible Warrants
AI Summary
Upsurge Investment & Finance Ltd. board of directors approved the allotment of 18,50,000 equity shares at a premium of Rs. 63/- each to promoters, promoter group, and strategic investors. This allotment is pursuant to the conversion of convertible warrants issued on 24th August 2024. The company has received Rs. 10,12,87,500/- from the allottees. The equity share capital of the company has increased from Rs. 20,07,14,000/- to Rs. 21,92,14,000/- post allotment.
Key Highlights
- Allotment of 18,50,000 equity shares at a premium of Rs. 63/- each
- Pursuant to conversion of convertible warrants issued on 24th August 2024
- Received Rs. 10,12,87,500/- from the allottees
- Increase in equity share capital from Rs. 20,07,14,000/- to Rs. 21,92,14,000/-