The register of member and the share transfer books of the company shall remain closed from September 17, 2025 to September 24, 2025 (both day inclusive) for the purpose of 26th Annual ....
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USG Tech Solutions Ltd reported Q1 FY26 (ended June 30, 2025) results with zero revenue from operations, total income of just Rs 0.14 lakh, and a standalone net loss of Rs 9.45 lakh (vs Rs 7.89 lakh loss in Q1 FY25); consolidated loss widened to Rs 14.04 lakh. The board approved a clutch of major decisions at its August 14, 2025 meeting: increasing authorized share capital up to Rs 80 crore, a further issue of shares via rights issue or other mode up to Rs 50 crore, sale of wholly-owned subsidiaries Nishkarsh Properties Pvt Ltd and Zeal Apartment LLP, signing an agreement to set up a green hydrogen plant, launching a new application, and appointing Mr. Aadarsh Aggarwal as the new CFO. The 26th AGM has been scheduled for September 24, 2025 via video conferencing, with the register of members closed from September 17 to 24, 2025. The company also confirmed no deviation in use of IPO proceeds.
The core IT business continues to show no operating revenue and losses are widening, which is a red flag. However, the proposed Rs 50 crore rights issue, entry into green hydrogen, and divestment of loss-making subsidiaries could reshape the business — existing shareholders should watch for dilution risk and clarity on the new business model at the AGM.