USG Tech Solutions Limited (ISIN: INE718B01017) announced that its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), Mr. Aadarsh Aggarwal, has tendered his resignation. The company disclosed this information in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.

Resignation Details

Mr. Aggarwal's resignation will take effect on November 14, 2025, after the closing of business hours. The company stated that the resignation was due to personal reasons, as mentioned in Mr. Aggarwal's resignation letter.

Key Points

• Effective Date: November 14, 2025 (after closing of business hours)
• Reason: Personal reasons
• Position Vacated: Chief Financial Officer (CFO) and Key Managerial Personnel (KMP)

Company's Response

USG Tech Solutions has informed that Mr. Aggarwal will cease to be a Key Managerial Personnel under the provisions of Section 203 and other applicable provisions of the Companies Act 2013. Additionally, he will no longer be responsible for determining the materiality of events or transactions for making required disclosures to the stock exchange under SEBI LODR Regulations 30(5).

The company's Board of Directors will formally record Mr. Aggarwal's resignation at their upcoming board meeting. USG Tech Solutions has also stated that they are in the process of appointing a new Chief Financial Officer and will communicate this appointment to the stock exchanges in due course.

Impact and Next Steps

The departure of a key executive can often raise questions about a company's financial leadership. However, USG Tech Solutions has assured stakeholders of a smooth transition. The company's proactive approach in initiating the process to appoint a new CFO demonstrates its commitment to maintaining strong financial management and compliance with regulatory requirements.

Investors and stakeholders will likely be watching closely for announcements regarding the appointment of a new CFO, as this role is crucial for the company's financial strategy and reporting.

As the situation develops, USG Tech Solutions is expected to keep the market informed about the appointment of a new CFO, ensuring transparency and compliance with SEBI regulations.

USG Tech Solutions Limited has announced the resignation of its Chief Financial Officer (CFO), Manish Kumar, effective July 31, 2025. The company disclosed this information in a regulatory filing.

Resignation Details

According to the company's statement, Manish Kumar has tendered his resignation from the post of Chief Financial Officer and Key Managerial Personnel (KMP) due to personal reasons. His resignation will take effect from the close of business hours on July 31, 2025.

Regulatory Compliance

The resignation was intimated to the stock exchange in compliance with Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. USG Tech Solutions stated that Kumar will cease to be a Key Managerial Personnel under the provisions of Section 203 and other applicable provisions of the Companies Act 2013, as well as under Regulation 30(5) of the SEBI LODR Regulations.

Board Acknowledgment and Future Plans

The company informed that Kumar's resignation will be formally recorded by the Board of Directors at their upcoming meeting. USG Tech Solutions is currently in the process of appointing a new Chief Financial Officer and has committed to communicating the appointment to the stock exchange in due course.

Other Corporate Updates

In a separate announcement on the same day, USG Tech Solutions also notified the stock exchanges about the postponement of a previously scheduled Board Meeting due to unavoidable circumstances. The company had earlier intimated a Board Meeting on July 18, 2025, under Regulation 29(1)(d) of SEBI (LODR) Regulations, 2015.

The trading window closure, which was communicated to the Stock Exchanges on June 25, 2025, will continue to remain in effect until 48 hours after the declaration of the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2025.

USG Tech Solutions has assured that it will inform the Stock Exchange of the revised date for the Board Meeting in due course.