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USG Tech Solutions Ltd's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. The company appointed M/s Chandni Singla & Associates as Internal Auditor for FY 2026-27 and Mr. Anshul Gupta as Non-Executive Independent Director. Ms. Shikha resigned as Independent Director and Ms. Manju resigned as Company Secretary and Compliance Officer. The auditor's report raises concerns: trade receivables of Rs 685.73 lakhs are outstanding for over 5 years without external confirmations, loans and advances of Rs 1,098.57 lakhs lack balance confirmations, and the company incurred cash losses of Rs 16.50 lakhs (current year) and Rs 46.29 lakhs (previous year). An unsecured loan from IKF Technology Ltd, currently under IBC insolvency proceedings, remains outstanding.
The company faces going concern issues as auditors flagged material uncertainty about ability to meet liabilities. Multiple unexplained receivables and loans without confirmations, combined with consistent cash losses, signal elevated financial risk for shareholders.