GSS Infotech Limited reported a consolidated net loss of ₹5,039.62 crore for the financial year ended March 31, 2026, primarily due to exceptional items amounting to ₹5,212.51 crore. The company's board approved the audited standalone and consolidated financial results for the fourth quarter and fiscal year 2026 on May 30, 2026. The statutory auditors, M/s. Rambabu & Co., issued an unmodified opinion on the financial results.

The consolidated revenue from operations for FY26 stood at ₹8,711.83 crore, a decrease from ₹12,587.71 crore in the previous year. For the quarter ended March 31, 2026, the company reported a consolidated net loss of ₹4,914.43 crore, compared to a net loss of ₹69.29 crore in the same period last year. The exceptional item for the year includes a loss in value of investments of ₹5,212.51 crore in Polimeraas Limited.

On a standalone basis, GSS Infotech reported a net loss of ₹5,207.68 crore for FY26, with revenue from operations at ₹809.05 crore. The standalone results for the quarter ended March 31, 2026, showed a net loss of ₹5,257.14 crore. The company's total equity decreased to ₹30,189.00 crore as of March 31, 2026, from ₹34,972.88 crore in the previous year.

Consolidated Financial Highlights

The board meeting was convened pursuant to Regulation 29 and 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The trading window for dealing in the company's securities, which had been closed since April 1, 2026, will reopen 48 hours after the conclusion of the board meeting.

GSS Infotech Limited announced on May 9, 2026, the outcome of its postal ballot process initiated through a notice dated 7th April, 2026. The ballot sought approval from members for the appointment of Ms. Barsha Agrawal (DIN: 11539716) as Non-Executive Non-Independent Director of the Company, liable to retire by rotation, with effect from 12th February, 2026. The resolution was passed with an overwhelming majority, reflecting strong shareholder support for the appointment.

Postal Ballot Process and Timeline

The postal ballot was conducted entirely through remote e-voting facilitated by the National Securities Depository Limited (NSDL), with an E-Voting Event Number (EVEN) of 139064. The voting window opened on 8th April, 2026 at 09:00 A.M. (IST) and closed on 7th May, 2026 at 05:00 P.M. (IST). The cut-off date for determining eligible members was Friday, 3rd April, 2026, and the total number of members on record as of that date stood at 19,491.

Mr. Rupesh Kothari (ACS: 70206 and COP No.: 26215), Practicing Company Secretary of Rupesh Kothari & Associates, was appointed as the Scrutinizer by the Board of Directors at its meeting held on 6th April, 2026, to oversee the process in a fair and transparent manner pursuant to Section 110 of the Companies Act, 2013.

Voting Results Summary

The Scrutinizer submitted his report on May 9, 2026, confirming that the Ordinary Resolution was passed with requisite majority. The following table presents the consolidated voting outcome:

In terms of member participation, 80 members exercised their votes during the e-voting period, of whom 69 voted in favour (assent) and 11 voted against (dissent).

Category-Wise Voting Breakdown

The voting data, as verified against shareholding records on the cut-off date, is detailed below across shareholder categories:

All votes across all categories were cast through the e-voting mode. The promoter and promoter group, as well as public institutional shareholders, voted entirely in favour of the resolution, with dissent recorded only among public non-institutional shareholders.

Resolution Details and Declaration

The resolution pertained to the appointment of Ms. Barsha Agrawal as Non-Executive Non-Independent Director under an Ordinary Resolution, with promoters and the promoter group having no interest in the agenda. The Scrutinizer declared the resolution passed on the basis that more than 50% of the votes cast by number of shares were in favour. The postal ballot results were announced on May 9, 2026, and the report was signed by CS Rupesh Kothari (UDIN: A070206H000317541) at Hyderabad.