Nature of the Event

USG Tech Solutions Limited disclosed the outcome of its Board Meeting held on October 15, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board approved the unaudited standalone and consolidated financial results for the quarter ended September 30, 2026.

Key Quantitative Figures

Standalone Financial Results (Q2 FY2026):

  • Revenue from Operations: ₹0.00 lakh
  • Other Income: ₹0.07 lakh
  • Total Income: ₹0.07 lakh
  • Total Expenditure: ₹2.44 lakh
  • Loss Before Tax: ₹(2.37) lakh
  • Net Loss: ₹(2.37) lakh
  • Basic EPS: ₹(0.01)
  • Diluted EPS: ₹(0.01)

Standalone Financial Results (H1 FY2026):

  • Total Income: ₹0.23 lakh
  • Total Expenditure: ₹10.21 lakh
  • Loss Before Tax: ₹(9.98) lakh
  • Net Loss: ₹(9.98) lakh
  • Basic EPS: ₹(0.03)
  • Diluted EPS: ₹(0.03)

Consolidated Financial Results (Q2 FY2026):

  • Revenue from Operations: ₹0.00 lakh
  • Other Income: ₹0.07 lakh
  • Total Income: ₹0.07 lakh
  • Finance Costs: ₹4.53 lakh
  • Total Expenditure: ₹6.99 lakh
  • Loss Before Tax: ₹(6.92) lakh
  • Net Loss: ₹(6.92) lakh
  • Basic EPS: ₹(0.02)
  • Diluted EPS: ₹(0.02)

Consolidated Financial Results (H1 FY2026):

  • Total Income: ₹0.23 lakh
  • Total Expenditure: ₹19.17 lakh
  • Loss Before Tax: ₹(18.94) lakh
  • Net Loss: ₹(18.94) lakh
  • Basic EPS: ₹(0.05)
  • Diluted EPS: ₹(0.05)

Balance Sheet Position (as of September 30, 2026)

Standalone:

  • Total Assets: ₹410.875 lakh
  • Equity Share Capital: ₹394.142 lakh
  • Other Equity: ₹(22.183) lakh
  • Total Equity: ₹371.959 lakh
  • Non-current Borrowings: ₹38.354 lakh
  • Total Liabilities: ₹38.916 lakh

Consolidated:

  • Total Assets: ₹552.340 lakh
  • Non-current Borrowings: ₹177.300 lakh
  • Total Liabilities: ₹180.381 lakh

Cash Flow Information

Standalone (H1 FY2026):

  • Net Cash from Operating Activities: ₹(7.76) lakh
  • Net Cash from Financing Activities: ₹7.43 lakh
  • Net Decrease in Cash: ₹(0.33) lakh
  • Closing Cash Balance: ₹3.70 lakh

Consolidated (H1 FY2026):

  • Net Cash from Operating Activities: ₹(16.71) lakh
  • Net Cash from Financing Activities: ₹16.43 lakh
  • Net Decrease in Cash: ₹(0.29) lakh
  • Closing Cash Balance: ₹7.99 lakh

Dates of Action

  • Board Meeting Date: October 15, 2026 (2:00 PM to 5:00 PM)
  • Quarter Ended: September 30, 2026
  • Signing Date: October 15, 2026

Parties Involved

  • Subsidiaries: Zeal Appartment LLP, Niskarsh Properties Private Limited, RIS Australia
  • Auditor: M J R A & Associates (Chartered Accountants)
  • Managing Director: Servesh Gupta (DIN: 01451093)

Purpose and Rationale

The disclosure was made to comply with SEBI Listing Regulations requirements for quarterly financial results submission. The company confirmed that no public issue proceeds were raised during the quarter, making the Regulation 32 statement on deviation/variation inapplicable.

Financial and Operational Impact

The company continues to report losses with no revenue from operations. The primary business remains software development/IT services. The financial results have been reviewed by the Audit Committee and approved by the Board of Directors.

Capital Structure Impact

No change in share capital reported during the quarter. Equity share capital remains at ₹394.142 lakh.

Cash Flow Implications

Negative cash flow from operations continues, partially offset by financing activities mainly through long-term borrowings.