Fourth Generation Information Systems Limited appointed Ms Padmini Biradar as an additional independent director effective August 31, 2026. The board simultaneously accepted the resignation of Mr Santosh Reddy Sripathi from the same role due to professional commitments.

The company’s board meeting on August 31, 2026, also approved the notice and directors’ report for the financial year ended March 31, 2026. Members will vote on these matters at the 28th Annual General Meeting scheduled for September 28, 2026.

Board Composition Changes

Ms Biradar, an MBA in Finance with over 10 years of experience in corporate consultancy and financial management, joins the board as a Non-Executive Independent Director. Her appointment follows a recommendation by the Nomination and Remuneration Committee. She will hold office for a five-year term until August 30, 2031, and is not liable to retire by rotation.

Mr Sripathi stepped down from his position as Non-Executive Independent Director and all associated board committees with effect from the close of business on August 31, 2026. He confirmed there were no material reasons for his resignation other than increased professional preoccupations.

Annual General Meeting Details

The company will hold its AGM through Video Conferencing or Other Audio-Visual Means. Share transfer books will remain closed from September 22, 2026, to September 28, 2026. The cut-off date for determining voting eligibility is September 21, 2026.

Members can cast electronic votes via Bigshare Services Pvt Ltd from September 25, 2026, at 9:00 am to September 27, 2026, at 5:00 pm. Ms Neha Pamnani, Company Secretary in Practice, has been appointed as the scrutinizer for the e-voting process.

Other Approvals

The board took note of the Secretarial Audit Report for the financial year ended March 31, 2026. Additionally, Mr Srivenkata Ramana Tammisetti, who retires by rotation, has offered himself for re-appointment as a director.

Fourth Generation Information Systems Limited reported a net loss of ₹78.89 lakh for the financial year ended March 31, 2026, as accumulated losses fully eroded its net worth. The company's statutory auditors, M/s Gorantla & Co, issued an unmodified opinion on the audited standalone financial results, which were approved by the board on May 29, 2026. The material uncertainty regarding the company's ability to continue as a going concern was highlighted in the auditor's report, though the financial statements were prepared on a going concern basis based on management's assessment.

Financial Performance

For the quarter ended March 31, 2026, the company reported a net loss of ₹18.42 lakh, widening from the loss of ₹8.22 lakh in the corresponding quarter of the previous year. Revenue from operations remained nil for the quarter and the full year, compared to ₹13.70 lakh in FY25. Total income for the year stood at ₹0.08 lakh, a significant drop from ₹16.11 lakh in the previous year.

Going Concern Uncertainty

The auditor's report drew attention to Note No. 4, stating that the company's net worth had been fully eroded by accumulated losses as of March 31, 2026. This condition indicates a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern. Management assessed that the development of new software, currently carried under Capital Work-in-Progress, is projected to generate sufficient cash flows to service debts and discharge liabilities. The board is also committed to raising additional funds through promoter infusion or equity if required.

Operational and Cash Flow Details

Total expenses for FY26 decreased to ₹78.97 lakh from ₹105.47 lakh in the previous year, primarily driven by lower employee benefit expenses and other expenses. Finance costs for the year stood at ₹56.25 lakh. The company's cash and cash equivalents decreased to ₹1.63 lakh as of March 31, 2026, from ₹10.98 lakh a year earlier. Net cash used in operating activities was ₹9.35 lakh during the year.