GSS Infotech Limited has informed the Exchange regarding submission of Annual Secretarial Compliance Report for the FY ended March 31, 2026.
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GSS Infotech Limited has submitted its Annual Secretarial Compliance Report for FY 2025-26 under SEBI Regulation 24A. The report, certified by Practicing Company Secretary Neha Pamnani, indicates the company has largely complied with applicable SEBI regulations but shows two current-year deviations: (1) non-compliance with Board composition requirements including failure to appoint a woman director, resulting in Rs. 65,000 fine from BSE and NSE, and (2) non-appointment of an independent director on the board of material subsidiary. The company acknowledges these issues and states it is in the process of appointing directors and paying fines. Prior year penalties totaling approximately Rs. 2.31 lakh for delayed financial results submissions, secretarial report filing delays, and failure to appoint a qualified company secretary have already been paid.
The filing reveals recurring compliance lapses with cumulative fines exceeding Rs. 2.3 lakh. While the company has paid past penalties, ongoing Board composition issues (woman director requirement) and subsidiary governance gaps suggest weak corporate governance, which may concern investors.