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.

GSS Infotech Limited has informed stock exchanges that it remains outside the Large Corporate category for FY 2026-27 under the Securities and Exchange Board of India's debt securities issuance framework. The disclosure was made on April 20, 2026, to both the National Stock Exchange of India Limited and Bombay Stock Exchange Limited.

Regulatory Compliance Disclosure

The company's disclosure relates to SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, which governs fund raising through debt securities issuance by Large Corporates. GSS Infotech confirmed that it does not fall under the Large Corporate category as per the framework's applicability criteria.

Financial Position Details

The company provided specific financial information to support its non-Large Corporate status:

Corporate Information

GSS Infotech Limited, incorporated with CIN L72200TG2003PLC041860, operates from its registered office in Hyderabad, Telangana. The company trades on NSE with the symbol GSS and on BSE with scrip code 532951. Managing Director Bhargav Marepally signed the disclosure documents, confirming the company's compliance with regulatory requirements.

SEBI Framework Implications

The SEBI circular establishes specific criteria for identifying Large Corporates and mandates certain disclosures and compliance requirements for debt securities issuance. Companies falling under this category face additional regulatory obligations, including minimum borrowing requirements through debt securities. GSS Infotech's confirmation of non-applicability indicates it remains exempt from these enhanced compliance requirements for the current financial year.