Upsurge Investment & Finance reported an 80% decline in annual net profit to ₹322.77 lakh for the financial year ended March 31, 2026, down from ₹1,595.35 lakh in the prior year. The steep fall in profitability was primarily driven by a substantial reduction in revenue from the sale of shares and securities. For the quarter ended March 31, 2026, the company posted a net loss of ₹623.38 lakh, a sharp reversal from the profit of ₹30.78 lakh recorded in the corresponding period of the previous year.

The board of directors approved the audited standalone financial results at its meeting held on May 26, 2026. The statutory auditors, Jain & Trivedi, expressed an unmodified opinion on the results. The company confirmed that there was no deviation or variation in the use of proceeds raised through a preferential issue of warrants convertible into equity shares, which amounted to ₹10,12,87,500 and was raised on February 23, 2026. The company published a newspaper advertisement regarding these results in Business Standard and Mumbai Mitra on May 27, 2026, pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015.

Financial Performance

Total revenue from operations for the quarter stood at ₹242.23 lakh, significantly lower than the ₹3,658.87 lakh reported in the same quarter of the previous year. On an annual basis, total revenue from operations decreased to ₹5,354.75 lakh in FY26 from ₹11,316.63 lakh in FY25. The company’s main business is NBFC activity, and it reported no separate reportable segments in accordance with Ind AS 108.

Key Financial Metrics

The following table outlines the financial performance for the quarter and year ended March 31, 2026:

Balance Sheet Highlights

As of March 31, 2026, the company’s total assets stood at ₹12,284.74 lakh, an increase from ₹10,733.74 lakh in the previous year. Cash and cash equivalents improved significantly to ₹584.22 lakh from ₹4.54 lakh, while borrowings rose to ₹460.84 lakh from ₹19.05 lakh. Equity share capital increased to ₹2,192.14 lakh from ₹2,007.14 lakh, reflecting the issuance of shares during the year.

The audited financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) and are available on the company’s website.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE890B01014/3530c17e-b483-46f7-9ef8-514d52b792ac.pdf

Upsurge Investment & Finance has notified the Bombay Stock Exchange of an upcoming board meeting scheduled for Tuesday, May 26, 2026. The intimation was filed on May 13, 2026, pursuant to Regulation 29(1) read with Regulation 33 of the SEBI (Listing Obligation and Disclosures Requirements) Regulations, 2015, as amended from time to time.

Board Meeting Agenda

The board meeting has been convened to address key financial and statutory matters. The following items are on the agenda for consideration:

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the company's securities has been closed effective April 1, 2026. The closure will remain in effect until 48 hours after the financial results are made public on May 26, 2026.

All designated employees and other connected persons, as defined under the company's policy pursuant to the said regulations, have been advised to refrain from trading in the company's securities during this period.

Filing Details

The intimation was signed by Daya Dhavalbhai Savani, Company Secretary & Compliance Officer of Upsurge Investment & Finance Limited, and submitted to the Corporate Relationship Department of the Bombay Stock Exchange Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001.