UIUpsurge Investment & Finance531390Board key decisions

Q2 FY27 standalone results approved, CFO appointed, capital raise of up to Rs. 20 Crore cleared

Board meeting on 05 Nov 2026 took three decisions.

By ScoutQuest · Thu 5 Nov 2026, 5:45 PM IST · 2 min read

Capital Raise Approved

up to Rs. 20 Crore

CFO Appointed

Mr. Manish Kabra as Chief Financial Officer (Key Managerial Personnel) w.e.f. 05 Nov 2026

Results Period

unaudited standalone financial results for the quarter and half year ended 30 Sep 2026

The board met on 05 November 2026, from 5.00 PM to 5.20 PM, and approved three items, as per the outcome shared with the exchanges.

Results approved

• The board approved the unaudited standalone financial results for the quarter and half year ended 30 September 2026, along with the limited review report on them.
• "Standalone" means the accounts of the company on its own. A "limited review" is a narrower check by the auditors than a full audit, and is the usual review applied to quarterly numbers.

New chief financial officer

• Mr. Manish Kabra has been appointed Chief Financial Officer and Key Managerial Personnel with effect from 05 November 2026.
• The appointment was made on the recommendation of the Nomination & Remuneration Committee.
• "Key Managerial Personnel" is the label for a company's senior-most executives, whose appointment has to be informed to the exchanges.

Capital raise cleared

• The board considered and approved raising additional capital to the extent of Rs. 20 Crore.
• The money can be raised through one or more instruments, including equity shares, convertible or non-convertible securities of any description, warrants, or debt securities.
• The routes permitted are preferential issue, private placements, rights issue, or any other methods or a combination of them as allowed under applicable laws.
• The raise is subject to such regulatory and statutory approvals as may be required, including the approval of the shareholders of the company.

What the instrument choices can mean

• Equity shares, convertible securities or warrants can bring in new shareholders. If new shares are issued, existing holders end up owning a smaller slice of the company, which is dilution.
• Non-convertible securities or debt securities are borrowings, which normally carry an interest cost.
• A preferential issue or private placement allots shares to selected investors, while a rights issue offers them to existing shareholders first.
• Rs. 20 Crore is the ceiling that has been approved; the actual instrument mix follows from the routes and approvals named.

Points a shareholder can track

• Shareholder approval is one of the conditions named for the capital raise, so the proposal moves to that stage next.
• The CFO's appointment is effective from 05 November 2026.
• The results approval covers the quarter and half year ended 30 September 2026 on a standalone basis, with a limited review report.

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