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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
USG Tech Solutions Ltd held its Board Meeting on May 29, 2026, approving audited standalone and consolidated financial results for Q4 and year ended March 31, 2026. The meeting also approved appointment of Mr. Anshul Gupta as Non-Executive Independent Director and M/s Chandni Singla & Associates as Internal Auditor for FY 2026-27. The Board noted resignations of Ms. Shikha (Independent Director) and Ms. Manju (Company Secretary and Compliance Officer). The auditor's report raises significant concerns including unconfirmed investments of Rs 78.17 lakh (listed) and Rs 50 lakh (unlisted), unconfirmed loans and advances of Rs 1098.57 lakh, non-current financial assets of Rs 589.62 lakh without external confirmations, and trade receivables of Rs 685.73 lakh outstanding for over 5 years. The company reported cash losses of Rs 16.50 lakh in FY 2025-26 and Rs 46.29 lakh in the prior year. Outstanding tax disputes include Rs 47.47 lakh (AY 2013-14) and Rs 21.06 lakh (AY 2017-18).
The filing reveals significant financial distress with the auditor explicitly stating material uncertainty about the company's ability to meet liabilities within one year. Multiple senior-level resignations and unconfirmed financial balances suggest weak internal controls and governance concerns. Shareholders should exercise extreme caution given going concern risks and unresolved tax liabilities.