Board Meeting5 Nov 2026, 05:53 pm
Upsurge Investment & Finance Ltd Approves Q2 FY27 Results, Appoints CFO, Plans ₹20 Cr Capital Raise
AI Summary
Upsurge Investment & Finance Ltd announced that its Board of Directors, in a meeting held on November 05, 2026, approved the unaudited standalone financial results for the second quarter and half-year ended September 30, 2026. The board also approved the appointment of Mr. Manish Kabra as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective November 05, 2026. Additionally, the company received board approval to raise additional capital up to ₹20 Crore through various instruments and methods, subject to regulatory and shareholder approvals.
Key Highlights
- Board approved unaudited standalone financial results for Q2 FY27.
- Mr. Manish Kabra appointed as CFO (KMP) effective November 5, 2026.
- Company plans to raise additional capital up to ₹20 Crore.
- Capital raise to be executed via preferential issue, private placement, or rights issue.
- Appointment and capital raise are subject to necessary approvals.
Price Impact
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