GSS Infotech Ltd — Board/Management Information 2021

Jul 14, 2021

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Date: 14.07.2021

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To To
Listing Department The of Corporate Relations Department
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Bandra Kurla Complex Phiroz Jeejeebhoy Towers,
Bandra (E), Mumbai – 400051 25 [th] Floor, Dalal Street, Mumbai – 400001
Scrip Symbol: GSS Scrip Code – 532951/GSS
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Dear Sir,

Sub: Outcome of Board meeting Held on 14[th] July, 2021.

With reference to the captioned subject and in compliance with the regulation 30 and other applicable regulation of the SEBI (listing Obligations and Disclosure Requirements) Regulations 2015, we wish to inform you that:

1.The Board of Directors in its meeting held on July 14, 2021 considered the appointment of the Mr. Bhargav Marepally as the Managing Director for the term of 5 year in its top leadership team on the basis of the recommendation of Nomination & Remuneration Committee (NRC meeting held on 14[th] July, 2021) and subject to the approval of the Central Government and to the approval of the shareholders at the ensuing Annual General Meeting of the Company.

The Board has further designated him as the Managing Director with effect from July 14, 2021.

The above appointment are subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company. The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed as Annexure 1.

1. The Board of Directors in its meeting held on July 14, 2021, has approved the raising of funds upto USD 10 million through issue of equity shares and/or equity shares through depository receipts and/or convertible securities and/or preference shares or warrants and/or debt or any alternative investment structure and/or a combination of all in any proportion.

The above information is also available on Company's website at www.gssinfotech.comThe meeting started at 06:15 p.m. and ended at 07:30 p.m. Please take the information on record.

For GSS Infotech Ltd.

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Amrita Singh Company Secretary

Encl: Annexure 1 – details as required under Reg 30 of Listing Regulations Annexure 2 – brief profile

GSS Infotech Limited

• Wing-B, Ground Floor, N Heights, Plot No. 12, TSIIC Software Units Layout, Madhapur, Serilingampally Mandal, Rangareddy District, Hyderabad – 500081, Telangana, India CIN No: L72200TG2003PLC041860 Tel: 91 40 4455 6600 | E-mail: india@gssinfotech.com | www.gssinfotech.com

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Annexure 1

S. No.	Particulars	Mr. Bhargav Marepally
1	Reason for change viz. appointment, resignation, removal, death or otherwise	The tenure of Mr. Bhargav Marepally as the Managing Director has been expired on 31stMay 2021 hence the board has approved the appointment of Mr. Bhargav Marepally as the Managing Director for a period of 5years.
2	Date of appointment/cessation (as applicable) Term of appointment	July 14, 2021, on such terms and conditions as may be approved by shareholders at the forthcoming AGM and subject to the approval of the Central Government
3	Briefprofile	Profile attached.
4	Disclosure of Relationships between Directors (in case of Appointment of a Director)	Mr. Bhargav Marepally is not related to any Director of the Company.
5	Information as required pursuant to BSE Circular with ref. no. LIST/COM P/14/2018- 19 and the National Stock Exchange of India Ltd with ref. no. NSE/CML/2018/24, dated 20th June, 2018	Mr. Bhargav Marepally is not debarred from holding the office of Director by virtue of any SEBI Order or any other such authority.

GSS Infotech Limited

Wing-B, Ground Floor, N Heights, Plot No. 12, TSIIC Software Units Layout, Madhapur, Serilingampally Mandal, Rangareddy District, Hyderabad – 500081, Telangana, India CIN No: L72200TG2003PLC041860 Tel: 91 40 4455 6600 | E-mail: india@gssinfotech.com | www.gssinfotech.com

Annexure-II

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Brief Profile of Mr. Bhargav Marepally

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Bhargav Marepally, the director and founder of GSS Infotech Ltd and CEO of the GSS Infotech CT Inc, US subsidiary of the GSS Infotech Ltd. He comes with more than 20 years of experience in the IT Services Industry. He holds a double Master’s degree from BITS, Pilani. He is a member of many technology and management associations worldwide. He was also nominated for "The Entrepreneur of the Year" contest by Earnst & Young in 2005. Bhargav's vision is to make GSS Infotech as the most preferred Managed IT Services Provider and grow the revenue and profits in line with the best in the industry. He has been awarded the "Udyog Rattan Award" on April 11, 2008, in recognition of his significant contribution to the country's IT industry. This award also recognizes his outstanding performance as the Best Manager for putting GSS on the express elevator to growth.

GSS Infotech Limited

Wing-B, Ground Floor, N Heights, Plot No. 12, TSIIC Software Units Layout, Madhapur, Serilingampally Mandal, Rangareddy District, Hyderabad – 500081, Telangana, India CIN No: L72200TG2003PLC041860 Tel: 91 40 4455 6600 | E-mail: india@gssinfotech.com | www.gssinfotech.com