GTT Data Solutions Limited Schedules Board Meeting for January 17, 2026 to Consider Fund Raising Proposals

GTT Data Solutions Limited has announced a board meeting to evaluate comprehensive fund raising strategies, marking a significant corporate development for the company formerly known as Cinerad Communications Limited.

Board Meeting Details

The company has scheduled a board meeting for Saturday, January 17, 2026, in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting notification was issued on January 13, 2026, providing the mandatory advance notice to stakeholders and regulatory authorities.

Meeting Parameter:	Details
Date:	Saturday, January 17, 2026
Purpose:	Fund raising proposal evaluation
Regulatory Compliance:	SEBI (LODR) Regulations, 2015
Scrip Code:	530457

Fund Raising Options Under Consideration

The board will consider and evaluate multiple fund raising mechanisms to strengthen the company's capital structure. The comprehensive proposal encompasses various financial instruments and issuance methods designed to provide flexibility in capital mobilization.

Proposed Financial Instruments

The company is exploring several categories of securities for potential issuance:

Equity Shares: Direct equity participation instruments
Convertible Preference Shares: Hybrid securities offering conversion options
Convertible Debentures: Debt instruments with equity conversion features (fully or partly convertible)
Composite Issues: Non-convertible debentures combined with warrants
Warrants: Instruments entitling holders to apply for equity shares
Other Eligible Securities: Additional permissible instruments under applicable laws

Issuance Methodologies

The board will evaluate multiple modes of securities issuance to determine the most suitable approach:

Issuance Mode:	Description
Private Placement:	Including qualified institutional placements
Public Issue:	Further public offering of equity/debt securities
Preferential Issue:	Targeted issuance to specific investors
Rights Issue:	Offering to existing shareholders
Combination Approach:	Multiple methods as permitted

Regulatory Framework and Compliance

The proposed fund raising initiatives will operate within established regulatory parameters. The company has confirmed adherence to the Companies Act, 2013, and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, along with other applicable rules and guidelines issued by the Securities and Exchange Board of India.

Trading Window Restrictions

In accordance with regulatory requirements, the company has implemented trading window restrictions during the evaluation period. All directors, designated persons, and connected persons have been formally notified to refrain from trading in company securities during this closure period, ensuring compliance with insider trading regulations.

The fund raising evaluation represents a strategic initiative by GTT Data Solutions Limited to explore capital enhancement opportunities through various permissible financial instruments and issuance mechanisms, subject to board approval and regulatory compliance.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.01%	-8.73%	-5.40%	-7.23%	-25.14%	+6,598.11%

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:

Antworks Solutions India Private Limited: A global leader in Intelligent Document Processing (IDP), with a proprietary AI technology for processing complex, unstructured content.
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

Particular	Antworks Solutions	Insurant AI Limited
Acquisition Cost	Up to INR 700.00 Million	Up to USD 1.80 Million
Stake Acquired	100%	100%
Consideration	Stock swap arrangement	Stock swap arrangement
Completion Timeline	On or before March 31, 2026	On or before March 31, 2026

Q2 FY2026 Financial Highlights (Consolidated)

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

Particular	Q2 FY2026	Q2 FY2025	YoY Change
Revenue from Operations	INR 3,676.93 crore	INR 353.62 crore	940.00%
Total Income	INR 3,693.58 crore	INR 357.47 crore	933.00%
Net Loss	INR 109.34 crore	INR 66.66 crore	64.00%

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.