FCS Software Solutions Limited , a prominent player in the IT industry, has announced significant changes to its board and audit structure. The company's Board of Directors made two key appointments during their 225th meeting held on July 22, 2025, at their corporate office in Noida.

New Independent Director

Mr. Nitish Kumar Singh has been appointed as an Additional Non-Executive Independent Director for a five-year term, effective July 22, 2025. This appointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Mr. Singh brings valuable experience to the board, holding a Master's degree and boasting eight years of experience in IT Back Support. His appointment is expected to contribute to the company's strategic direction and governance.

New Secretarial Auditors

In another significant move, the Board has appointed M/s. Neeraj Arora & Associates as the company's Secretarial Auditors for a five-year period, spanning from FY 2025-26 to FY 2029-2030. This appointment is also pending shareholder approval at the AGM.

M/s. Neeraj Arora & Associates is a peer-reviewed firm established by Mr. Neeraj Arora, a Practicing Company Secretary with over 10 years of experience. The firm specializes in Company Law, Securities Laws, and Secretarial Audit, among other areas.

Additional Board Decisions

The Board meeting, which commenced at 11:00 A.M. and concluded at 12:10 P.M., also addressed several other important matters:

1. Approval of the Board's Report, Corporate Governance Report, and Management Discussion & Analysis Report for the financial year ended March 31, 2025.
2. Scheduling of the 32nd Annual General Meeting for August 19, 2025, to be held via video conferencing.
3. Setting the record date as August 12, 2025, for the AGM, with the Register of Members and Share Transfer Books to remain closed from August 13 to August 19, 2025.

Q1 FY2026 Financial Highlights

The Board also reviewed and approved the unaudited financial results for the quarter ended June 30, 2025:

The company reported a decline in revenue and profitability compared to the same quarter last year. However, the management remains focused on strategic initiatives to drive growth and improve performance in the coming quarters.

These appointments and financial results underscore FCS Software Solutions' commitment to strengthening its governance structure and transparency while navigating the challenges in the dynamic IT industry landscape.

FCS Software Solutions Limited , a prominent player in the IT sector, has announced its financial results for the first quarter. The company reported mixed results, with a consolidated profit despite a slight decline in revenue.

Consolidated Performance

On a consolidated basis, FCS Software Solutions posted a net profit of Rs 42.69 crore for Q1. The company's revenue from operations stood at Rs 830.73 crore, showing a marginal decrease from Rs 880.58 crore in the previous quarter.

Standalone Results

The standalone financial results paint a different picture:

*All figures in Rs. crore

On a standalone basis, the company reported a net loss of Rs 106.80 crore, compared to a profit of Rs 92.00 crore in the previous quarter. The revenue from operations declined to Rs 622.37 crore from Rs 731.79 crore in the preceding quarter, marking a 14.9% decrease.

Key Financial Highlights

• Employee benefit expenses increased to Rs 464.95 crore on a standalone basis.
• The basic earnings per share (EPS) on a standalone basis was negative at Rs 0.01.
• Other expenses stood at Rs 146.89 crore for the quarter.

Board Meeting and Corporate Actions

The company's Board of Directors, in its 225th meeting held on July 22, approved several key matters:

1. Appointment of Mr. Nitish Kumar Singh as an Additional Non-Executive Independent Director for a five-year term, subject to shareholder approval.
2. Approval of the Board's Report, Corporate Governance Report, and Management Discussion & Analysis Report for the previous fiscal year.
3. Scheduling of the 32nd Annual General Meeting for August 19, to be held via video conferencing.
4. Appointment of M/s. Neeraj Arora & Associates as Secretarial Auditors for a five-year term, subject to shareholder approval.

Management Commentary

While the company did not provide specific management commentary in the released information, the mixed results reflect the challenges and opportunities in the IT sector. The consolidated profit amidst revenue pressure suggests effective cost management and diversified operations contributing to the bottom line.

FCS Software Solutions continues to navigate the dynamic IT landscape, focusing on operational efficiency and strategic growth initiatives. Investors and stakeholders will be keenly watching the company's performance in the coming quarters for signs of sustained growth and profitability.