As per attached pdf
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Awaiting price reaction for this filing.
USG Tech Solutions reported unaudited Q1 FY26 (quarter ended June 30, 2025) results showing zero revenue from operations and a standalone loss of ₹9.45 lakhs (vs ₹7.89 lakh loss in Q1 FY25), while the consolidated loss widened to ₹14.04 lakhs. Total income was just ₹0.14 lakhs (only other income) against ₹9.59 lakhs in standalone expenses and ₹14.18 lakhs in consolidated expenses. For full year FY25, the company posted a standalone loss of ₹46.75 lakhs and a consolidated loss of ₹64.42 lakhs on revenue of just ₹0.80 lakhs. The board approved selling its two wholly-owned subsidiaries (Nishkarsh Properties and Zeal Apartment LLP), executing an agreement for a green hydrogen plant, increasing authorized share capital to ₹80 crore, and raising up to ₹50 crore via rights issue or other mode. A new CFO (Mr. Aadarsh Aggarwal) and Secretarial Auditor were also appointed, with the 26th AGM scheduled for September 24, 2025.
The company continues to post losses with virtually no operating revenue, raising going-concern concerns despite plans to raise up to ₹50 crore and pivot into green hydrogen. Shareholders should view this as a high-risk situation — losses are widening at the consolidated level, core IT operations appear dormant, and future value depends heavily on successful execution of the new green hydrogen venture and capital raise. The subsidiary divestments suggest a strategic restructuring to streamline the business.