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USG Tech Solutions' board, meeting on August 14, 2025, approved standalone and consolidated unaudited Q1 FY26 results (quarter ended June 30, 2025). The company reported no revenue from operations, total income of just Rs. 0.14 lakh, and a standalone loss before tax of Rs. 9.45 lakh (consolidated loss Rs. 14.04 lakh), continuing a pattern of losses (FY25 standalone loss was Rs. 46.75 lakh). The board approved increasing authorized share capital to Rs. 80 crore and a further share issuance on rights basis or other mode up to Rs. 50 crore, subject to shareholder approval. It also approved the sale of wholly-owned subsidiaries Nishkarsh Properties Pvt Ltd and Zeal Appartment LLP, and signed an agreement to set up a green hydrogen plant. Mr. Aadarsh Aggarwal was appointed as the new CFO, and the 26th AGM was scheduled for September 24, 2025 via video conferencing.
The company continues to post losses with no operating revenue, making the proposed Rs. 50 crore rights issue a critical capital-raise event that could dilute existing shareholders. Divestment of subsidiaries and entry into green hydrogen suggest a strategic pivot, but execution risk is high given the weak financials.