Upsurge Investment & Finance Ltd. Board Approves Allotment of 18,50,000 Equity Shares Following Conversion of Convertible Warrants

Upsurge Investment & Finance Ltd. announced the outcome of their Board Meeting held on 23 February 2026. The Board approved the allotment of 18,50,000 Equity Shares at a premium of Rs. 63/- each to Promoter/ Promoter Group and Strategic Investors (Non-Promoters) following the conversion of Convertible Warrants. The warrants were initially issued and allotted on a preferential basis on 24 August 2024. The allotment is in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and The Companies Act, 2013. The company has received Rs. 10,12,87,500/- from the allottees on conversion of Convertible Warrants.