GTT Data Solutions held its 40th Annual General Meeting on Saturday, September 12, 2026, via video conferencing. The meeting concluded at 5:41 pm after shareholders voted on ordinary and special business items.

Dr. Ganesh Natarajan, Chairman, presided over the proceedings. The Company Secretary confirmed the requisite quorum was present. Shareholders had previously registered questions via email until September 5, 2026, which were addressed during the session.

Resolutions Passed

The shareholders approved several key resolutions under ordinary business:

• Adoption of audited standalone and consolidated financial statements for FY26.
• Re-appointment of Mr. Kaushal Uttam Shah as Director.
• Appointment of M/s. N A M M & Associates as Statutory Auditors for a five-year term to fill a casual vacancy.
• Re-designation of Dr. Ganesh Natarajan from Whole-time Director to Non-Executive Non-Independent Director.

Special Business: Acquisitions and Investments

Under special business, shareholders approved significant corporate actions involving acquisitions and related-party transactions:

The approvals included preferential issues of equity shares for consideration other than cash to selling shareholders of the acquired entities. Related-party transactions were approved with specific individuals and entities including Sangli-Miraj Commercial Ventures Private Limited, Ebrahim Saifuddin Nimuchwala, Govind Paliwal, and Mr. Hamad Jabor J J Al Thani.

Prior special resolutions regarding these acquisitions were rescinded before the new approvals were passed. M/s. Kirti Sharma & Associates served as the scrutinizer for the voting process.

GTT Data Solutions received a penalty of ₹4,10,000 from BSE Limited on August 25, 2026, for failing to constitute its Nomination and Remuneration Committee as per SEBI Listing Regulations.

The exchange imposed the fine across three separate intimations covering the quarters ended December 2025, March 2026, and June 2026. The violation pertains to Regulation 19(1)/19(2) of the SEBI (LODR) Regulations, 2015, which mandates specific composition requirements, including the requisite proportion of Independent Directors.

Regulatory Action Details

The penalty was levied under the SEBI Standard Operating Procedure for non-compliance. The company disclosed the action under Regulation 30(6) read with Para A (20) of Part A of Schedule III of the Listing Regulations.

Remediation Status

GTT Data Solutions stated that the non-compliance was administrative in nature. The Board reconstituted the Nomination and Remuneration Committee effective June 7, 2026, restoring full compliance. Mr. Sai Manik Sud serves as Chairman, with Ms. Ruchika Mehta and Mr. Kaushal Uttam Shah as members.

What the Numbers Show

The company explicitly stated that the monetary impact is limited to the fine amount plus applicable GST. There is no reported impact on operations or financial position, indicating the penalty did not trigger broader regulatory sanctions or business disruptions.