Fourth Generation Information Systems Ltd

AGM approvals

• Re-appointment of Srivenkata Ramana Tammisetti as Director, retires by rotation, effective 28 Sep 2026.
• Regularize Ms Padmini Biradar as Independent Non-Executive Director for a five-year term from Aug 2026.

AGM details

• AGM held on 28 September 2026 at 10:00 AM via VC/OAVM.
• Meeting ended at 10:53 AM; physical attendance dispensed with.
• Quorum counted through VC/OAVM; proxies dispensed.

Key resolutions

• Resolution 1 — Adopt audited financial statements for year ended 31 March 2026.
• Resolution 2 — Re-appoint director by rotation (Srivenkata Ramana Tammisetti).
• Resolution 3 — Regularize appointment of Ms Padmini Biradar as Independent Director.

Voting results

• Resolution 1: Passed; one vote against.
• Resolution 2: Passed; one vote against.
• Resolution 3: Passed; one vote against.

Director changes

• Ms Padmini Biradar appointed Independent Non-Executive Director.
• Srivenkata Ramana Tammisetti retires by rotation; seeks re-appointment.

Fourth Generation Information Systems Limited — Trading Window shall remain closed from 01 October 2026 till completion of 48 hours after the declaration of the unaudited financial results of the Company for the quarter ending September 30, 2026.

AGM Details

• Date/time: 28 September 2026, 10:00 AM.
• Mode: VC/OAVM.
• Venue: VC/OAVM; venue deemed registered office.
• Live webcast on Bigshare platform.
• Cut-off date for voting eligibility: 21 September 2026.
• Remote e-voting window: 25–27 September 2026.
• Scrutinizer: Neha Pamnani, Practicing Company Secretary.
• Quorum: requisite quorum present; meeting commenced.
• Voting results to be announced and uploaded on company and stock exchange websites.

Resolutions

• Adopt audited financial statements for the year ended 31 March 2026.
• Reappoint director by rotation: Srivenkata Ramana Tammisetti.
• Regularize appointment of Ms Padmini Biradar as Independent Non-Executive Director.
• Voting outcomes pending; results to be announced.

Director Changes

• Srivenkata Ramana Tammisetti retires by rotation; seeks re-appointment.
• Ms Padmini Biradar appointed as Independent Non-Executive Director.

Board changes

• Appointment of Ms Padmini Biradar as Non-Executive Independent Director; additional director w.e.f 31 Aug 2026.
• Regularization for five-year term (31 Aug 2026 to 30 Aug 2031); not liable to retire by rotation.
• Resignation of Independent Director Santosh Reddy Sripathi and from all board committees, effective 31 Aug 2026.
• Proposed re-appointment of Srivenkata Ramana Tammisetti as Director (retiring by rotation).
• Profile: Ms Padmini Biradar – MBA in Finance; 10+ years in corporate consultancy and financial management.
• Ms Padmini Biradar affirmed not debarred by SEBI.

Financial results approved

• Board approved unaudited standalone results for quarter ended 30 June 2026.
• Limited Review Report on the results submitted by auditors.
• Q1 2026 total income ₹0.08 lakh; net loss ₹26.20 lakh.
• Earnings per share basic and diluted: -₹0.74.
• Erosion of net worth noted; material going concern uncertainty.

Going concern and funding plan

• Management plans to raise funds via promoters' infusion, equity, or other means.
• Software under development is capital work-in-progress, expected to generate cash flow.
• Going concern basis maintained; management expects funds to support operations.

Auditor observations

• Auditor notes going concern uncertainty; no modification to opinion.

Meeting Details

• Date: 10 August 2026; Location: Registered Office; Time not disclosed.

Key Agenda Items

• Consider and approve the unaudited standalone financial results for the Quarter ended 30 June 2026.

Other Notes

• Trading window closed for designated persons and immediate relatives from July 01, 2025.
• Window remains closed until 48 hours after conclusion of Board Meeting.

Dematerialisation status

• No dematerialisation requests were received during 01/04/2026 to 30/06/2026.

Audit and going concern

• 📍 Auditors issued an unmodified opinion on the standalone annual financial results.
• ⚠️ Auditors highlighted accumulated losses that fully eroded net worth as of 31 March 2026.
• ⚠️ Management said new software under CWIP is expected to generate cash flows.
• ⚠️ Management also plans additional funding through promoters, equity, or other means if required.

Balance sheet and cash flow

• 📊 Total assets were ₹438.01 lakh at 31 March 2026, versus ₹459.44 lakh a year earlier.
• 📊 Equity was negative ₹217.67 lakh, reflecting accumulated losses.
• 📊 Borrowings stood at ₹387.56 lakh at 31 March 2026.
• 📊 Cash and cash equivalents fell to ₹1.63 lakh from ₹10.98 lakh.
• 📊 Operating cash flow was negative ₹9.35 lakh in FY26.
• 🧱 Purchase of PPE and intangible assets consumed ₹50.50 lakh in investing cash flow.

Board action

• 📍 Board approved the standalone audited financial results for quarter and year ended 31 March 2026.
• 📍 Board meeting was held on 29 May 2026 and concluded the same day.

Business

• 🗒️ The company is developing software and carrying related costs in capital work-in-progress.
• 🗒️ The document also states the company is not a large corporate.