Upsurge investment & finance Limited has submitted its confirmation certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 for the quarter and year ended 31st March, 2026. The company filed this regulatory compliance document with BSE Limited on 6th April, 2026.

Certificate Details

The confirmation certificate was issued by Adroit Corporate Services Private Limited, which serves as the Registrar and Share Transfer Agent for Upsurge Investment & Finance Limited. The certificate is dated 1st April, 2026 and addresses the regulatory requirements for dematerialisation processes during the specified quarter.

Regulatory Compliance Confirmation

Adroit Corporate Services confirmed that securities received from depository participants for dematerialisation during the quarter ended 31st March, 2026 were properly processed and confirmed to the depositories. The registrar verified that all securities comprised in the certificates have been listed on stock exchanges where the company's previously issued securities are traded.

The certificate also confirms that security certificates received for dematerialisation have been mutilated and cancelled after due verification by the depository participant. Additionally, the names of the depositories have been substituted in the register of members as registered owners within the prescribed 15-day timeframe.

Filing Authority

The submission was made by Daya Dhavalbhai Savani, Company Secretary and Compliance Officer of Upsurge Investment & Finance Limited. The document was digitally signed and submitted from Mumbai, ensuring proper authentication and compliance with electronic filing requirements.

This regulatory filing demonstrates the company's adherence to SEBI's depositories regulations and maintains transparency in its securities handling processes for the quarter ended 31st March, 2026.

Upsurge Investment & Finance Ltd. received another regulatory disclosure filing under SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 2011 from promoter Pratibha Goyal on February 25, 2026. This follows the company's successful warrant conversion that resulted in the allotment of 18,50,000 equity shares on February 23, 2026.

Warrant Conversion Transaction

The company completed the warrant conversion exercise, allotting equity shares at Rs. 73.00 per share, comprising a face value of Rs. 10.00 and a premium of Rs. 63.00 per share. The total transaction generated proceeds of Rs. 10,12,87,500.00 for the company.

Pratibha Goyal Shareholding Changes

Pratibha Goyal converted 10,00,000 warrants into equity shares, significantly altering her shareholding pattern. Her equity shareholding increased from 22,86,330 shares to 32,86,330 shares, with the overall shareholding percentage rising from 11.39% to 14.99% of the total share capital.

Complete Allottee Distribution

The warrant conversion involved multiple promoter entities and one non-promoter investor. Pratibha Goyal received the largest allocation of 10,00,000 shares, while both D.K. Goyal HUF and Dayakrishna Goyal received 4,00,000 shares each. Pradeep Rooplal Nagori, categorized as a non-promoter investor, received 50,000 shares.

Capital Structure Impact

The warrant conversion has strengthened the company's capital base substantially. The paid-up equity share capital increased from Rs. 20,07,14,000.00 consisting of 2,00,71,400 equity shares to Rs. 21,92,14,000.00 consisting of 2,19,21,400 equity shares of Rs. 10.00 face value each.

Regulatory Compliance

The warrant conversion was executed in full compliance with SEBI regulations. Pratibha Goyal submitted the mandatory disclosure under Regulation 29(2) & 29(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 2011 to BSE Limited, confirming the increased shareholding position following the warrant conversion completed on February 23, 2026. The disclosure was filed from her Mumbai address at B-503 Royal Classic, New Link road, Next to Citi Mall, Andheri West.