GTT Data Solutions Limited, formerly known as Cinerad Communications Limited, has announced two strategic acquisitions to bolster its artificial intelligence (AI) and automation capabilities, along with its financial results for the second quarter ended September 30, 2025.

Strategic Acquisitions

The company's Board of Directors has approved the acquisition of 100% stakes in two companies:

1. Antworks Solutions India Private Limited: A global leader in Intelligent Document Processing (IDP), with a proprietary AI technology for processing complex, unstructured content.
2. Insurant AI Limited: A UK-based company providing AI-powered services and technology to insurance sector clients globally.

These acquisitions aim to strengthen GTT Data's capabilities in AI-driven automation, IDP, and expand its presence in the global InsurTech market. The acquisitions will be executed through share swap arrangements under preferential issue, subject to share purchase agreements and regulatory approvals.

Key Acquisition Details

Q2 FY2026 Financial Highlights (Consolidated)

For the quarter ended September 30, 2025, GTT Data Solutions reported:

The significant year-over-year revenue growth is primarily attributed to the consolidation of newly acquired subsidiaries.

Other Key Developments

• The Board approved increasing the authorized share capital from INR 65.00 crores to INR 70.00 crores.
• A Merger & Acquisition Committee has been constituted to oversee valuation and execution of definitive agreements for the new acquisitions.
• The company has given advances of INR 354.00 lakhs to O2 Breathing Brains Private Limited and INR 177.00 lakhs to Ujjvilas Technologies for IP rights acquisition, with transactions expected to complete by Q3 2025.

GTT Data Solutions continues to focus on expanding its AI and automation capabilities through strategic acquisitions, positioning itself for growth in the rapidly evolving IT services and InsurTech markets.

Investors and stakeholders should note that while the company is pursuing an aggressive growth strategy, it reported a net loss for the quarter. The integration of new acquisitions and their impact on the company's financial performance will be crucial to monitor in the coming quarters.

GTT Data Solutions Limited (formerly known as Cinerad Communications Limited) has announced the appointment of Ms. Pallabi Saboo as an Additional Independent Director, effective September 5, 2025. The appointment, subject to shareholder approval, is for a term of five years.

Appointment Details

The company's Board of Directors approved Ms. Saboo's appointment through a resolution dated September 5, 2025. GTT Data Solutions has confirmed that Ms. Saboo is not debarred from holding the office of Director by any order from SEBI or any other authority.

About Pallabi Saboo

Ms. Saboo brings a wealth of experience to her new role:

• Over 25 years of global business experience
• Founded and scaled organizations with a 29.00% CAGR over two decades
• Successfully founded and exited four companies
• Led over 70 integrations and completed more than 30 restructurings across diverse business categories
• Served on influential boards, including the Virginia Small Business Financing Authority and the U.S. Army Science Board
• Over 15 years of corporate governance and regulatory compliance expertise

Educational Background

Ms. Saboo's educational qualifications include:

• Advanced Management degree from Harvard Business School
• MBA from Virginia Tech
• B.S. in Electronics Engineering

Independence and Relationships

The company has confirmed that Ms. Saboo meets the independence criteria as prescribed under the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, she is not related to any existing directors of GTT Data Solutions Limited.

Regulatory Compliance

This appointment has been disclosed in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The company has submitted the required details to the BSE Limited, where its shares are listed under the scrip code 530457.