Annual Report for the financial year 2024-25 along with the Notice convening the Twenty Sixth Annual General Meeting
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USG Tech Solutions Limited (BSE Scrip Code: 532402) has submitted its Annual Report for FY 2024-25 along with the Notice for its 26th AGM, scheduled for Wednesday, September 24, 2025 at 12:00 PM via video conferencing. The AGM will consider adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, re-appointment of Managing Director Mr. Servesh Gupta (retiring by rotation), and appointment of new directors including Ms. Anubha Chauhan and Mr. Ramanuj Murlinarayan Darak as Independent Directors for 5-year terms, and Mr. Avani Kumar Shukla as Executive Director. Key proposals include increasing the authorised share capital from INR 43 crore (4.30 crore shares) to INR 80 crore (8 crore shares of INR 10 each), and raising funds up to Rs. 50 crore or USD 6 million through equity shares, GDRs, FCCBs, QIP, or other instruments. The company also seeks shareholder approval to sell its wholly owned subsidiary Niskarsh Properties Private Limited and subsidiary Zeal Appartment LLP, and to appoint M/s Chandan J & Associates as Secretarial Auditors for 5 years (FY 2025-26 to FY 2029-30).
Multiple significant corporate actions are being put to vote — a potential Rs. 50 crore fund raise and 86% increase in authorised capital could lead to equity dilution for existing shareholders, while the proposed sale of two subsidiaries signals portfolio restructuring. Shareholders should review these resolutions carefully; the cut-off date for e-voting eligibility is September 17, 2025.