GTT Data Solutions Limited disclosed that Independent Director Mr. Samarjeetsinh Vikramsinh Ghatge vacated his office effective August 14, 2025. The departure resulted from the director's absence from all Board meetings held over a twelve-month period, triggering Section 167(1)(b) of the Companies Act, 2013. This provision mandates the vacation of office if a director fails to attend any board meetings for one year.

The company informed BSE Limited regarding the cessation, noting that the vacancy occurred by operation of law upon a review of records and applicable provisions. The disclosure was submitted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Samarjeetsinh Vikramsinh Ghatge held the Director Identification Number (DIN) 01193699. The filing confirmed that no new appointment was made to fill the vacancy immediately, and no relationships between directors required disclosure in this context.

Details of Cessation

The notification was signed by Ebrahim Saifuddin Nimuchwala, Company Secretary & Compliance Officer, on behalf of GTT Data Solutions Limited (formerly known as Cinerad Communications Limited).

GTT Data Solutions Limited was fined ₹1,55,000 plus GST by BSE Limited for failing to maintain the required proportion of Independent Directors on its Board. The penalty, imposed on May 27, 2026, addresses a non-compliance with Regulation 17(1) of the SEBI (LODR) Regulations, 2015, which mandates that at least 50% of the Board must comprise Independent Directors. The company stated the financial impact is limited to the fine amount and does not affect its operations or financial position.

The violation arose consequentially after the appointment of an additional Non-Executive Director increased the total Board strength, thereby reducing the percentage of Independent Directors below the statutory threshold. The disclosure clarified that the lapse was not due to the resignation or removal of any existing Independent Director but was a result of the change in Board composition triggered by the new appointment.

To address the non-compliance, the company's Nomination and Remuneration Committee and the Board initiated a process to identify suitable candidates. Following due diligence, the Board approved the appointment of Mr. Sai Manik Sud as an Independent Director with effect from May 26, 2026. This appointment restores full compliance with Regulation 17 of the Listing Regulations. A separate disclosure regarding the appointment has been submitted to the exchange.