BSE has listed 18,50,000 new equity shares of Upsurge Investment And Finance Ltd. (Scrip Code: 531390, ISIN: INE890B01014) for trading on the Exchange effective Friday, April 17, 2026. The shares were issued on a preferential basis to Promoter and Non-Promoter shareholders pursuant to the conversion of warrants, at an issue price of Rs. 73/- per share (face value Rs. 10/- + premium of Rs. 63/-).

Key Points

• Scrip Code: 531390 | ISIN: INE890B01014
• New Shares Listed: 18,50,000 equity shares of Rs. 10/- each
• Issue Price: Rs. 73/- per share (Rs. 10/- face value + Rs. 63/- premium)
• Allotment Basis: Preferential allotment pursuant to conversion of warrants to Promoter and Non-Promoter
• Date of Allotment: 23 February 2026
• Distribution Numbers: 20071401 to 21921400
• Pari-passu Status: New shares rank pari-passu with existing equity shares
• Trading Effective From: Friday, April 17, 2026

Regulatory Changes

No new regulatory changes introduced. This is a standard listing notice under BSE’s Listing Operations framework permitting newly allotted preferential shares to trade on the Exchange.

Compliance Requirements

• Trading members are informed that the new securities are admitted to trading from April 17, 2026
• Lock-in restrictions must be observed as specified below; these shares cannot be traded until the respective lock-in expiry dates
• The issuer company has complied with allotment and listing formalities as required under SEBI (Issue of Capital and Disclosure Requirements) Regulations

Important Dates

Impact Assessment

Share Capital Dilution: The addition of 18,50,000 shares increases the total listed equity of Upsurge Investment And Finance Ltd., which may have a dilutive effect on existing shareholders’ percentage holding.

Lock-in Overhang: The majority of newly issued shares (18,00,000 out of 18,50,000) are locked in until November 15, 2027, limiting near-term selling pressure. Only 50,000 shares become freely tradable after November 15, 2026.

Price Reference: The preferential issue price of Rs. 73/- serves as a cost reference for promoter/non-promoter allottees and may act as a support level in the near term.

Market Impact: Limited broader market impact; this is a company-specific event for a small-cap finance company. Trading members should update their records to reflect the new share distribution numbers.