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USG Tech Solutions Ltd has filed the notice for its 26th Annual General Meeting, to be held on Wednesday, September 24, 2025 at 12:00 PM via video conferencing, along with the Annual Report for FY 2024-25. Ordinary business includes adopting the audited standalone and consolidated financial statements for the year ended March 31, 2025 and re-appointing Managing Director Mr. Servesh Gupta, who retires by rotation. Special business includes proposing an increase in authorised share capital from Rs. 43 crore (4.3 crore shares) to Rs. 80 crore (8 crore shares of Rs. 10 each), and raising up to Rs. 50 crore or USD 6 million through equity shares, QIPs, GDRs, FCCBs, or other securities. The company also seeks approval to sell its two subsidiaries — Niskarsh Properties Pvt Ltd and Zeal Appartment LLP — and to appoint three new directors (two independent and one executive), besides appointing M/s Chandan J & Associates as Secretarial Auditor for a 5-year term. A prior EGM resolution from December 16, 2024 related to authorised capital increase is proposed to be rescinded.
Shareholders will vote on a potential Rs. 50 crore fund raise (possible dilution) and a near-doubling of authorised capital, alongside exits from two subsidiaries. The outcome could reshape the company's capital structure and strategic focus, with dilution risk depending on the route and pricing of the issue.