GTT Data Solutions has initiated a postal ballot process seeking shareholder approval to increase its authorised share capital and convert outstanding promoter loans into equity. The e-voting period opens on July 04, 2026, and closes on August 02, 2026, with results expected to be announced on or before August 04, 2026.

Share Capital Increase

The Board proposes to increase the authorised share capital from ₹70 crore to ₹100 crore by creating an additional 3 crore equity shares of ₹10 each. This move aims to meet future capital requirements and enable the issuance of further shares. The alteration requires shareholder approval under Sections 13, 61, and 64 of the Companies Act, 2013.

Related Party Transactions

Shareholders will vote on approving material related party transactions with SMCV Management Services Private Limited for FY 2026-27. The proposed transactions, which include availing or rendering services, lending or borrowing, and property leasing, are capped at ₹20 crore. The company disclosed that in the previous financial year, it took an inter-company deposit of ₹8.90 crore from the related party.

Director Appointments

The company seeks ratification for the appointment of Mr. Sai Manik Sud and Dr. Charudatta Palwe as Independent Directors. Mr. Sud was appointed on May 26, 2026, for a term ending May 25, 2031, while Dr. Palwe was appointed on June 9, 2026, for a term ending June 8, 2031. Both appointments are subject to shareholder approval via special resolution.

Loan Conversion

A special resolution has been proposed to authorise the Board to convert outstanding loans and inter-corporate deposits from SMCV Management Services Private Limited and other promoters into equity shares. This conversion is intended to strengthen the capital base, reduce leverage, and improve the company's debt-equity mix.

Voting Details

The remote e-voting facility is managed by Central Depository Services (India) Limited (CDSL). Shareholders registered as of June 26, 2026, are eligible to vote. M/s. Kirti Sharma & Associates has been appointed as the scrutinizer for the process.

GTT Data Solutions has accepted the resignations of Deepak Shinde and Nitin Patil from its Board of Directors effective June 15, 2026. The resignations were submitted pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both directors have also stepped down from all committee positions they held on the Board.

Deepak Shinde, who served as a Non-Executive Independent Director, cited a change in his personal interests within an organization forming part of the promoter group as the reason for his departure. In his resignation letter, Shinde stated that continuing on the Board could be perceived to compromise his independence. He confirmed that there are no other material reasons for his resignation beyond those stated.

Nitin Patil, a Non-Executive Non-Independent Director, resigned due to increased professional and personal commitments requiring greater attention and time. He stated that he is unable to devote sufficient time to the affairs of the company. Patil also confirmed that there are no material reasons for his resignation other than those disclosed in his letter.

The Board of Directors placed on record its sincere appreciation for the valuable guidance, support, and contributions made by both directors during their tenure. The company disclosed that neither Shinde nor Patil holds directorships in any other listed entity as of the date of their resignation letters.

The details of the resignations were furnished in Annexure-A to the filing submitted to BSE Limited. The company confirmed that the necessary disclosures would be filed with the stock exchanges and regulatory authorities.