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USG Tech Solutions' Board, at its August 14, 2025 meeting, approved standalone and consolidated unaudited results for Q1 FY26 (June 30, 2025). The company reported zero revenue from operations and only Rs. 0.14 lakh of other income, posting a standalone loss of Rs. 9.45 lakhs and a consolidated loss of Rs. 14.04 lakhs (vs. Rs. 7.89 lakh and Rs. 11.81 lakh loss in Q1 FY25). The Board also approved increasing authorized share capital to up to Rs. 80 crores and a fresh equity raise of up to Rs. 50 crores via rights issue or other modes. Two wholly-owned subsidiaries — Nishkarsh Properties Pvt Ltd and Zeal Appartment LLP — will be sold, with Zeal Appartment LLP being taken over by its designated partner Mr. Ajit Singh. Additionally, the Board approved an agreement to set up a green hydrogen plant, launched a new application, and appointed Mr. Aadarsh Aggarwal as the new CFO. The 26th AGM is set for September 24, 2025 via video conferencing.
The company continues to operate at a loss with no core revenue, making the planned Rs. 50 crore equity raise potentially dilutive for existing shareholders. The entry into green hydrogen marks a strategic shift, while the subsidiary divestments signal consolidation of focus. Near-term stock sentiment may remain weak given the persistent losses and small-scale financials.