gtl has submitted a disclosure to the stock exchanges regarding the encumbrance status of its promoter holdings for the financial year ended March 31, 2026. The communication was made in compliance with Regulations 31(4) and 31(5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Disclosure Details

The disclosure was filed on behalf of the promoters and persons acting in concert (PAC) by Global Holding Corporation Private Limited. The company confirmed that as of March 31, 2026, there have been no new encumbrances made directly or indirectly on the promoter holdings during the financial year, other than those already disclosed.

Regulatory Compliance

The submission addresses the mandatory reporting requirements for the financial year 2025-26. The confirmation ensures that the stock exchanges are updated on any changes in the holding structure or encumbrance status of the promoters.

The letter was addressed to the Secretaries of BSE Limited and the National Stock Exchange of India Limited. Copies of the disclosure were also forwarded to the Company Secretary of GTL Limited and the company's Audit Committee.

GTL Limited reported a net profit of ₹58,254.74 lakhs for the financial year ended March 31, 2026, reversing the net loss of ₹838.18 lakhs recorded in the previous year. This turnaround was primarily driven by exceptional items amounting to ₹61,044.45 lakhs, which included the accounting impact from the One Time Settlement (OTS) with lenders. The Board of Directors approved the audited financial results at its meeting held on May 14, 2026, and the results were subsequently published in newspapers 'The Free Press Journal' and 'Navshakti' on May 15, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

Revenue from operations for FY26 stood at ₹22,437.20 lakhs, a decrease from ₹25,387.94 lakhs in FY25. Total expenses increased to ₹28,994.70 lakhs from ₹23,480.84 lakhs in the prior year, with exchange loss contributing significantly at ₹11,104.51 lakhs compared to ₹3,236.74 lakhs in FY25. The company reported a basic and diluted EPS of ₹37.03 for FY26 (after exceptional items), compared to a negative EPS of ₹0.54 in the previous year. The following table summarizes the key financial metrics for the quarter and year ended March 31, 2026:

Exceptional Items and OTS Impact

Exceptional items for the year totaled ₹61,044.45 lakhs, comprising an OTS accounting impact of ₹73,991.19 lakhs and non-recurring revenue of ₹4,953.26 lakhs on account of revision in rates. Additionally, a claim of ₹17,900.00 lakhs arose from the invocation of pledges on shares, which was previously considered a contingent liability. The company has settled the dues of eleven secured original lenders and is awaiting OTS sanctions from the remaining three lenders. Consequent to the dismissal of the suit relating to one of the arbitration matters, the company is continuing its efforts to arrive at a settlement in respect of the Upside Sharing Agreement with the lenders.

Balance Sheet Highlights

The following table presents the key balance sheet figures as at March 31, 2026, compared to the previous year:

Cash Flow Summary

GTL Limited generated net cash flows from operating activities of ₹16,613.57 lakhs in FY26, compared to ₹19,812.38 lakhs in FY25. Net cash used in investing activities stood at ₹246.08 lakhs, while net cash used in financing activities was ₹16,104.21 lakhs, primarily on account of repayment of long-term borrowings of ₹15,098.60 lakhs. Cash and cash equivalents at the end of the year stood at ₹305.32 lakhs, up from ₹42.03 lakhs at the beginning of the year.

Auditor's Report and Going Concern

Auditors M/s. GDA & Associates issued a modified opinion, noting that the company has neither paid nor provided interest on borrowings from unsettled lenders. Had this interest been recognized, the finance cost would have increased by ₹21,296.46 lakhs, reducing the reported profit after Other Comprehensive Income to ₹37,030.25 lakhs and the EPS to ₹23.49. The audit qualification has been raised for the ninth time. The auditors also highlighted a material uncertainty regarding the company's ability to continue as a going concern due to eroded net worth and current liabilities exceeding current assets. However, management has prepared the financial statements on a going concern basis, citing the OTS progress and operational revival plans. Additionally, balance confirmations with respect to bank loans including interest accrued, bank guarantees, bank current accounts, and fixed deposits aggregating to ₹1,38,043.56 lakhs have not been received as at March 31, 2026.