The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for D K Goyal HUF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter entity D.K. Goyal HUF has disclosed an acquisition of 4,00,000 equity shares in Upsurge Investment & Finance Ltd through the conversion of warrants into equity shares on 23rd February 2026. This is not a fresh market purchase but a conversion of existing warrants already held by the promoter. As a result, the promoter's voting shareholding in the company has risen from 8.21% to 8.75%, while the total share count of the company has expanded from 2,00,71,400 to 2,19,21,400 equity shares (suggesting other warrant holders also converted). No fresh capital was brought in by the promoter for this particular transaction.
This is a non-dilutive-to-promoter event — the promoter already held these warrants, so the conversion simply changes the form of holding without changing the economic interest materially, though it does increase voting power slightly. For shareholders, there is no negative implication; the expanded share base could modestly dilute non-converters.