Upsurge Investment & Finance filed its annual report for the financial year ended March 31, 2026, with the BSE on September 4, 2026. The Mumbai-based non-banking financial company reported a net profit after tax of ₹322.77 lakh for FY26, down from ₹1,595.35 lakh in the previous fiscal year.

The board of directors approved the standalone audited financial statements and the annual report on September 1, 2026. The company has scheduled its 32nd Annual General Meeting (AGM) for September 30, 2026, to be held through Video Conferencing or Other Audio-Visual Means (VC/OAVM).

Financial Performance

Profit before tax stood at ₹500.58 lakh in FY26, compared to ₹1,973.29 lakh in FY25. Total income from operations decreased to ₹5,354.75 lakh from ₹11,316.64 lakh in the prior year. The moderation in profits was attributed to lower trading volumes and fair-value gains compared to an exceptional FY25.

Despite the decline in profitability, the company’s balance sheet strengthened. Total assets grew by 14.4% to ₹12,284.74 lakh, while net worth increased by 11.8% to ₹11,717.81 lakh. Borrowings other than debt securities rose to ₹460.84 lakh from ₹19.05 lakh in the previous year, resulting in a debt-to-equity ratio of 0.04x.

Dividend and Capital Structure

The board declared an interim dividend of Re. 0.50 per equity share (5% on face value of ₹10) during its meeting on August 12, 2025. The dividend was paid to eligible members on September 2, 2025.

During FY26, the company converted 18,50,000 convertible warrants into fully paid-up equity shares upon receipt of the balance issue price. The remaining 14,50,000 warrants lapsed as holders failed to remit the balance amount within the stipulated timeframe. Post-conversion, the paid-up equity share capital increased to ₹21,92,14,000, comprising 2,19,21,400 equity shares.

AGM Agenda and Director Reappointment

The primary ordinary business items for the AGM include the adoption of the Standalone Audited Financial Statements for FY26 and the reappointment of Mrs. Pratibha Goyal as a director liable to retire by rotation. Mrs. Goyal (DIN: 00399056), who has served as a director since September 30, 2014, holds 32,86,330 shares in the company. She currently serves on the CSR Committee, Nomination and Remuneration Committee, and chairs the Stakeholders Relationship Committee.

E-Voting Schedule

Members can cast their votes electronically via Central Depository Services (India) Limited (CDSL). E-voting begins on September 25, 2026, at 9:00 am and ends on September 29, 2026, at 5:00 pm. The cut-off date for determining voting entitlements is September 23, 2026. The book closure period runs from September 24, 2026, to September 30, 2026, inclusive.

Upsurge Investment & Finance has scheduled a meeting of its Board of Directors for September 1, 2026. The company issued a prior intimation to the BSE Listing Department on August 22, 2026, pursuant to Regulation 29 of the SEBI LODR Regulations, 2015.

Agenda Items

The Board will consider several key matters related to the upcoming Annual General Meeting (AGM). The primary focus is finalizing the day, date, and time for convening the 32nd AGM. Additionally, the directors will approve the draft notice for the AGM.

The meeting agenda also includes adopting and approving the draft Board Report along with the Corporate Governance Report for the year ended March 31, 2026. Other procedural items involve finalizing the book closure dates and fixing the cut-off date for the forthcoming AGM.

The Board will also appoint a Scrutinizer for the process of Remote E-voting as well as voting at the AGM. Any other matter may be taken up with the permission of the Board.