GSS Infotech Limited has informed the Exchange regarding outcome of Board Meeting held on May 30, 2026
GSS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
GSS Infotech reported FY2026 standalone revenue of Rs 809 Lakhs (down from Rs 888 Lakhs in FY25) and a massive net loss of Rs 5,258 Lakhs, primarily due to an exceptional write-down of Rs 5,213 Lakhs representing loss in value of investments in Polimeraas Limited. Consolidated revenue declined 12.3% to Rs 8,712 Lakhs from Rs 9,938 Lakhs, with consolidated net loss of Rs 5,040 Lakhs. Both standalone and consolidated results show losses before exceptional items. The company operates in software services and trading business segments. The audit report was issued with unmodified (clean) opinion, and the CFO confirmed unmodified opinions on annual financial results.
The massive exceptional write-down on Polimeraas investment will severely impact book value and likely cause significant negative sentiment. Revenue decline and operating losses without exceptional items also signal underlying business stress. Shareholders should watch for further updates on Polimeraas investment recovery potential and cash burn.