USG Tech Solutions Limited approved its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a board meeting held on May 29, 2026. The meeting, originally scheduled for May 28, 2026, was rescheduled due to unavoidable reasons. The board also approved the appointment of Mr. Anshul Gupta as a Non-Executive Independent Director in the Additional Director category, subject to the allotment of a Director Identification Number (DIN). Additionally, M/s Chandni Singla & Associates were appointed as the Internal Auditor for the financial year 2026-27.

The board took note of the resignation of Ms. Shikha as an Independent Director and Ms. Manju as Company Secretary and Compliance Officer. The company submitted the outcome to the Bombay Stock Exchange Limited and the Calcutta Stock Exchange Limited.

Financial Performance

The company reported a standalone net loss of ₹16.87 lakh for the year ended March 31, 2026, compared to a net loss of ₹46.75 lakh in the previous year. Total expenditure for the year stood at ₹17.46 lakh, while total income from operations was nil. The consolidated financial statements reported a net loss of ₹37.02 lakh for FY26, compared to a loss of ₹64.42 lakh in FY25.

Auditor's Report and Key Matters

M/s M J R A And Associates, Chartered Accountants, audited the financial statements and issued an unmodified opinion. The auditor drew attention to several emphasis of matters in the standalone financial statements, including the lack of external confirmations for investments in listed and unlisted equity shares amounting to ₹78.17 lakh and ₹50 lakh respectively. The auditor also noted the absence of external balance confirmations for loans and advances of ₹1,098.57 lakh and non-current financial assets of ₹589.62 lakh. Trade receivables amounting to ₹685.73 lakh have been outstanding for over five years without external confirmations. Furthermore, the company has an outstanding unsecured loan from IKF Technology Ltd., which is undergoing insolvency proceedings under the Insolvency and Bankruptcy Code, 2016.

USG Tech Solutions has announced that its board of directors will meet on Thursday, May 28, 2026, to discuss and approve key financial and administrative matters. The meeting is scheduled to begin at 02:00 P.M. at the company's corporate office located in Ghaziabad, Uttar Pradesh.

Agenda for the Meeting

The primary focus of the board meeting will be the consideration and approval of the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. Alongside the financial results, the board will review the Auditor's Report on the same.

Additionally, the directors are scheduled to consider the appointment of an internal auditor for the upcoming financial year 2026-27. The agenda also includes a provision to consider any other item with the permission of the Chair.

Meeting Details

The board meeting will be conducted physically at the company's registered corporate address. The notification was issued in compliance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.