GSS Infotech Ltd has incorporated a wholly owned subsidiary named Polimeraas Retail Private Limited to expand its operational footprint. The new entity, registered with the Corporate Identity Number (CIN) U47890TS2024PTC189261, is fully owned by the parent company. This strategic move follows the provisions outlined in Regulation 30 Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company holds Rs. 49,99,990 in the subsidiary, comprising 4,99,999 shares of Rs. 10 each. This investment represents nearly the entire total authorised share capital of Polimeraas Retail Private Limited, which stands at Rs. 50,00,000. The details of the shareholding structure are outlined below.

The intimation regarding the incorporation was submitted to the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited. The filing was signed by P.S. Bhaninder Nath, Chief Financial Officer of GSS Infotech Ltd .

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.