USG Tech Solutions Limited held its Board Meeting on August 13, 2026, from 3:00 PM to 4:30 PM, where several key items were approved and disclosed pursuant to SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Financial Results Approval

The Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026 (Q1 FY27), which were reviewed by the Audit Committee. The standalone results show a net loss of ₹7.61 lakh on total income of ₹0.16 lakh, compared to a net loss of ₹9.45 lakh on income of ₹0.14 lakh in the corresponding quarter of the previous year (Q1 FY26).

Standalone Financial Highlights (Q1 FY27):

  • Revenue from Operations: ₹0.00
  • Other Income: ₹0.16 lakh
  • Total Income: ₹0.16 lakh
  • Total Expenditure: ₹7.77 lakh (including Employee benefits expense of ₹0.90 lakh, Depreciation of ₹0.01 lakh, and Other expenses of ₹6.86 lakh)
  • Loss before tax: ₹7.61 lakh
  • Net loss: ₹7.61 lakh
  • Basic and Diluted EPS: -₹0.02

Consolidated Financial Highlights (Q1 FY27):

  • Revenue from Operations: ₹0.00
  • Other Income: ₹0.16 lakh
  • Total Income: ₹0.16 lakh
  • Total Expenditure: ₹12.18 lakh (including Employee benefits expense of ₹0.90 lakh, Finance Costs of ₹4.37 lakh, Depreciation of ₹0.01 lakh, and Other expenses of ₹6.90 lakh)
  • Loss before tax: ₹12.02 lakh
  • Net loss: ₹12.02 lakh
  • Basic and Diluted EPS: -₹0.03

The consolidated results include subsidiaries Zeal Appartment LLP, Niskarsh Properties Private Limited, and RIS Australia, whose interim financial statements were not reviewed/audited by their auditors but were considered not material to the Group.

Corporate Governance Updates

  • Mr. Gajanand Gupta (DIN: 01819397) was appointed as an additional Independent Director (non-executive). He is a Chartered Accountant with experience in corporate finance, business advisory, and audit services.
  • The 27th Annual General Meeting is scheduled for September 30, 2026, at 12:00 PM via video conferencing.
  • CDSL was appointed for conducting Remote E-voting, and CA Shiva Nishad (M. No. 560019) of M/s Krishan Rakesh & Co. was appointed as Scrutinizer for the e-voting process.
  • The register of members and share transfer books will remain closed from September 23, 2026, to September 30, 2026 (both days inclusive) for the AGM.

Auditor Review

MJRA & Associates, Chartered Accountants (FRN: 013850N), issued a limited review report on both standalone and consolidated financial results. Based on their review, nothing came to their attention that would suggest the results are not prepared in accordance with applicable accounting standards and SEBI LODR regulations.

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and represent the company's single segment business of Software Development/IT.