Resignation of Compliance officer and Company Secretary
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
USG Tech Solutions Ltd held a Board meeting on May 29, 2026, approving audited financial results for Q4 and FY ended March 31, 2026. The company reported cash losses of Rs. 16.50 Lakhs for FY 2026 (vs Rs. 46.29 Lakhs previous year). Key leadership changes include: Ms. Manju resigned as Company Secretary and Compliance Officer, and Ms. Shikha resigned as Independent Director. Mr. Anshul Gupta was appointed as Non-Executive Independent Director. M/s Chandni Singla & Associates was appointed as Internal Auditor for FY 2026-27. The auditor raised concerns about unconfirmed balances including investments of Rs. 128.17 Lakhs, loans/advances of Rs. 1,098.57 Lakhs, and trade receivables of Rs. 685.73 Lakhs outstanding over 5 years.
The dual resignations of the Company Secretary/Compliance Officer and an Independent Director signal governance concerns. Combined with cash losses and auditor's going concern doubts, this indicates elevated risk for shareholders.