ESDS Software shares hit 5% upper circuit ahead of Q1 results; what investors need to know

ESDS Software Solution shares surged 5% to hit an upper circuit during the trading session on Thursday, September 24, as investors awaited the newly listed company’s April to June quarter results for the financial year 2026-27.

NSE data showed that ESDS Software shares surged 5% to hit an intraday and record high of ₹1,859.20 apiece on Thursday’s market, in comparison to ₹1,770.70 apiece at the previous equity market close.

Trading volumes surged above 2.6 million equity shares, triggering the high-volume gains on Monday’s market.

After touching the day’s high, ESDS Software’s stock retracted its gains marginally, trading around 4.7% higher as of the afternoon market hours on September 24.

The board of directors are scheduled to hold a meeting to consider and approve the financial statements for the second quarter of FY27.

“The meeting of Board of Directors of the company is scheduled to be held on Thursday, September 24, 2026, to consider and approve standalone and consolidated financial results of the company for the quarter ended June 30, 2026,” ESDS Software informed the exchanges earlier this week.

ESDS Software extends AGM

In an exchange filing on Thursday, ESDS Software said that the company's application to extend the time to hold its Annual General Meeting (“AGM”) for the financial year ended March 31, 2026, has been approved.

The company informed investors that it is expected to hold its AMG on or before November 30.

“The company may now hold its AGM for FY 2025-26 on or before November 30, 2026, instead of September 30, 2026. The date, time and mode of the AGM, and the record date or book closure (if applicable), will be announced to the exchanges in due course,” ESDS Software informed the exchanges.

145% gain since IPO listing

Since the company’s listing back on September 4, ESDS Software shares have delivered more than 145% returns to investors as of the highest level on Thursday’s market, with the stock rising to ₹1,859.20 apiece compared to the debut price of ₹757 apiece.

The exchange data showed that the company’s stock has risen nearly 13% in the last five market sessions.

The company’s market capitalisation (m-cap) was at ₹21,791 crore as of the trading session on Thursday, September 24.

With an entire fresh issue, ESDS Software raised ₹720 crore from equity market investors in the primary market by issuing 1.68 crore equity shares.

ESDS Software plans to use 86.35% or ₹576 crore of the proceeds to purchase and install cloud computing, other equipment and infrastructure in the relevant data centres, while using the remaining 13.65% or ₹91.04 crore funds for general corporate purchases.