GSS Infotech Limited has formally intimated both National Stock Exchange of India Limited and Bombay Stock Exchange Limited about the incorporation of a wholly owned subsidiary named Polimeraas Retail Private Limited. The disclosure is made pursuant to Regulation 30 Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The subsidiary has been registered with CIN (Corporate Identification Number) U47890TS2024PTC189261. GSS Infotech Limited holds an investment of ₹49,99,990 in the subsidiary, comprising 4,99,999 equity shares of ₹10 each. This holding represents 99.99% of the subsidiary's total authorized share capital of ₹50,00,000.
The company has requested both stock exchanges to take this information on record. The communication was signed by P.S. Bhaninder Nath, Chief Financial Officer of GSS Infotech Limited.
Company registered address: Wing-B, Ground Floor, N heights, Plot No.12, TSIIC Software Units Layout, Madhapur, Serilingampally Mandal, Rangareddy District, Hyderabad - 500081, Telangana, India. Company CIN: L72200TG2003PLC041860.