GSS Infotech Limited has informed the Exchange regarding Board meeting held on August 26, 2025.
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GSS Infotech's Board met on August 26, 2025 and approved the Notice for the 22nd Annual General Meeting (AGM) along with the Directors' Report for the financial year ending March 31, 2025. The 22nd AGM has been scheduled for September 25, 2025 at 11:00 AM via video conferencing, with the e-voting cut-off date set as September 18, 2025 and the e-voting window running from September 22 to September 24, 2025. The Board proposed raising funds of up to USD 10 Million through equity shares, depositary receipts, convertible securities, preference shares, warrants, debt, or any alternative investment structure, subject to shareholder approval at the AGM. The Board also proposed the re-appointment of Mr. Rambabu Sampangi Kaipa as Director (retiring by rotation) and the appointment of Ms. Neha Pamnani as the new Secretarial Auditor for a five-year term from April 1, 2025 to March 31, 2030.
The proposed USD 10 Million fund-raising is the most material item for shareholders—if equity or convertible instruments form a large part of the raise, existing shareholders could face dilution. Investors should watch the AGM voting outcome on September 25, 2025, as approval is required before any fund-raising action can proceed. Routine items like the AGM schedule, e-voting process, and auditor appointment are administrative and have no direct price impact.