Upsurge Investment & Finance531390Senior KMP change

Chief Financial Officer resigns with effect from 04 November 2026; company accepts

Chief Financial Officer Mr. Mayank Goyal has resigned from Upsurge Investment & Finance with effect from the close of business hours of 04 November 2026.

By ScoutQuest · Wed 4 Nov 2026, 5:58 PM IST · 2 min read

Resigning Officer: Mr. Mayank Goyal, Chief Financial Officer
Effective Date: close of business hours of 04 November 2026
Stated Reason: pursue other career opportunities; no other material reasons

What has been announced

Mr. Mayank Goyal has resigned from the position of Chief Financial Officer of the company. The resignation takes effect from the close of business hours of Wednesday, 04th November 2026, and he will be relieved from the services of the company from the closing hours of that date.

The stated reason

The disclosure records that the resignation is in consideration of other career opportunities. Mr. Goyal has confirmed that there are no other material reasons for his resignation beyond that.

How the company has handled it

The resignation has been accepted, and the resignation letter is enclosed with the disclosure.
The intimation is signed by Dayakrishna Goyal, Managing Director.
The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the SEBI circular dated 13th July 2023, which covers changes in key managerial personnel.

Why a CFO change matters

The CFO is the executive responsible for the company's accounts, financial reporting, internal financial controls and interactions with auditors and lenders. A change in this seat is therefore a key managerial personnel event that the company is required to inform the exchanges about promptly.

What to note

The exit is effective from the close of business hours of 04th November 2026, so the transition date is defined.
The stated reason is a personal career move, and the disclosure records the officer's confirmation that there are no other material reasons.
The letter is signed by the outgoing CFO and marked as accepted by the company.

How to read this

A CFO resignation on personal career grounds is a routine, time-bound disclosure. The perception it creates is one of a change in the senior finance leadership of the company rather than any stated concern about its accounts or operations, since the disclosure records no material reason other than career opportunities.

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