Regulatory27 May 2026, 12:09 pm
Upsurge Investment: No Deviation in Preferential Issue
AI Summary
Upsurge Investment & Finance Limited confirms no deviation or variation in the use of proceeds raised through the preferential issue of equity shares via warrant conversion for the year ended March 31, 2026. The company raised ₹10,12,87,500 on February 23, 2026, for capital expenditure, working capital, and general corporate purposes, with no deviations reported.
Key Highlights
- Upsurge Investment reports no deviation in use of preferential issue proceeds.
- Funds raised on Feb 23, 2026, totaled ₹10,12,87,500.
- Proceeds allocated for capital expenditure, working capital, and corporate purposes.
- Audit committee and auditors have no specific comments on fund utilization.
Price Impact
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