GSS Infotech Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 17/09/2025 ,inter alia, to consider and approve subject to such statutory, regulatory, ....
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GSS Infotech Ltd has informed BSE that its Board of Directors will meet on September 17, 2025 at 6:30 PM at the registered office in Hyderabad. The key agenda item is considering and approving the conversion of Compulsorily Redeemable Preference Shares (CRPS) into Equity Shares, subject to statutory, regulatory, and shareholder approvals. The Board will also consider convening a General Meeting or Postal Ballot to seek the necessary approvals from shareholders under the Companies Act, 2013 and SEBI regulations. The CFO and Company Secretary Sonu Kumar has signed the intimation dated September 10, 2025.
If approved, converting CRPS into equity shares would change the company's capital structure by adding more equity shares to the total, which could dilute existing equity shareholders. Shareholders should watch for the outcome of the September 17 meeting and any subsequent postal ballot, as it may affect shareholding patterns.