FCS Software Solutions Limited has submitted its quarterly compliance certificate to the stock exchanges for the quarter ended March 31, 2026, in accordance with SEBI regulatory requirements.

Regulatory Compliance Submission

The company filed the certificate under regulation 74(5) of SEBI (Depositories and participants) Regulations, 2018 on April 8, 2026. The submission was made to both the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited through a formal communication signed by Deepti Singh, Company Secretary and Compliance Officer.

Registrar Confirmation

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the registrar and share transfer agent for FCS Software Solutions Limited. The registrar provided the compliance certificate dated April 4, 2026, confirming adherence to regulatory requirements.

The certificate confirms that securities received from depository participants for dematerialisation during the quarter were properly processed and confirmed to the depositories. MUFG Intime India confirmed that all security certificates received for dematerialisation were appropriately handled within prescribed timelines.

Dematerialisation Process Compliance

The registrar's certificate validates several key compliance aspects:

• Securities received for dematerialisation were confirmed or rejected to depositories as required
• Security certificates comprised in the confirmations have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received were mutilated and cancelled after due verification by depository participants
• Names of depositories were substituted in the register of members as registered owners within prescribed timelines

Corporate Governance

The submission reflects FCS Software Solutions Limited's commitment to maintaining regulatory compliance and corporate governance standards. The certificate was signed by Swapan Kumar Naskar, Associate Vice President and Head of Delhi Branch at MUFG Intime India Private Limited, ensuring proper authorization and validation of the compliance processes.

FCS Software Solutions Limited announced its unaudited financial results for the quarter ended December 31, 2025, showing mixed performance across standalone and consolidated operations. The IT services company faced challenges in standalone operations while demonstrating growth in consolidated revenue.

Standalone Financial Performance

The company's standalone operations reflected a challenging quarter with significant deterioration in profitability metrics. Key financial highlights demonstrate the impact of operational challenges and regulatory changes on the business.

The company reported a standalone net loss of ₹240.52 lacs for Q3 FY26 compared to a net profit of ₹49.01 lacs in the corresponding quarter of the previous year. Revenue from operations declined marginally by 2.66% to ₹766.75 lacs from ₹787.70 lacs year-over-year.

Nine Months Performance Analysis

For the nine months ended December 31, 2025, standalone operations showed a substantial decline in financial performance. The company reported a net loss of ₹598.34 lacs compared to a net profit of ₹181.84 lacs in the corresponding period of FY25. Revenue from operations for the nine-month period decreased to ₹1,990.00 lacs from ₹2,535.72 lacs, representing a decline of 21.52%.

Consolidated Financial Results

Consolidated operations presented a different picture with significant revenue growth despite profitability challenges. The consolidated results include performance from subsidiaries and associate companies.

Consolidated revenue from operations surged by 60.59% to ₹1,485.81 lacs from ₹925.17 lacs in Q3 FY25. However, the company posted a consolidated net loss of ₹197.21 lacs compared to a profit of ₹125.78 lacs in the previous year's quarter.

Exceptional Items Impact

The financial results were significantly affected by exceptional items totaling ₹120.55 lacs in standalone financials and ₹120.70 lacs in consolidated financials. These exceptional items primarily relate to increased gratuity liability arising from the implementation of new Labour Codes notified by the Government of India on November 21, 2025.

The Labour Codes consolidate twenty-nine existing labour laws into a unified framework covering employee benefits during employment and post-employment. The company assessed the incremental impact based on guidance from the Institute of Chartered Accountants of India, resulting in the substantial increase in gratuity liability.

Segment Performance

Geographical segment analysis reveals varied performance across markets:

Standalone Segment Results:

• India: ₹367.98 lacs (Q3 FY26) vs ₹371.00 lacs (Q3 FY25)
• Outside India: ₹398.77 lacs (Q3 FY26) vs ₹416.70 lacs (Q3 FY25)

Consolidated Segment Results:

• India: ₹1,087.04 lacs (Q3 FY26) vs ₹508.47 lacs (Q3 FY25)
• Outside India: ₹398.77 lacs (Q3 FY26) vs ₹418.70 lacs (Q3 FY25)

The domestic market showed remarkable growth in consolidated operations, more than doubling from the previous year, while international operations remained relatively stable.

Corporate Structure

FCS Software Solutions Limited operates through multiple subsidiaries and one associate company. The subsidiary companies include FCS Software Solutions GmbH (Germany), FCS Software (Shanghai) Co., Ltd. (China), Insync Business Solutions Limited (India), Stablesecure Infraservices Pvt. Ltd. (India), and Bloom Healthcare & Hospitality Management Pvt Ltd. (India) with 71.01% holding. The company also holds 48.94% stake in associate company Enstaserv Eservices Ltd.

The Board of Directors approved these unaudited financial results in their 227th meeting held on February 9, 2026, at the corporate office in Noida. The results have been reviewed by the audit committee and auditors, with limited review reports issued by SPMG & Company, Chartered Accountants.