GTL Limited , a player in the telecom infrastructure sector, has announced significant changes to its board composition and set the date for its upcoming Annual General Meeting (AGM). The company's Board of Directors made several key decisions during their recent meeting, signaling a period of transition and renewal for the organization.

AGM Date and Format

The board has scheduled GTL Limited's 37th Annual General Meeting for September 30, 2025. In line with the ongoing trend of digital accessibility, the AGM will be conducted through video conferencing, allowing shareholders to participate remotely.

Board Changes and Appointments

Secretarial Auditor Appointment

GTL Limited has approved the appointment of Virendra G. Bhatt as the company's Secretarial Auditor. Bhatt, a Practicing Company Secretary with over 40 years of experience in corporate laws, SEBI regulations, and FEMA, will serve for five consecutive years from FY 2025-26 to FY 2029-30, subject to shareholder approval at the upcoming AGM.

Director Transition

A significant change in the board's composition was announced as Sunil Valavalkar, currently serving as a Whole-time Director, will not seek re-appointment. Consequently, Valavalkar will cease to be a Director and Whole-time Director of GTL Limited effective September 30, 2025.

New Addition to the Board

In a move to strengthen its leadership, the board has appointed Rufina Juliana Fernandes as an Additional Director, effective September 4, 2025. Fernandes is set to take on the role of Whole-time Director for a three-year term starting October 1, 2025, subject to necessary approvals.

Profile of the New Director

Rufina Juliana Fernandes brings a wealth of experience to GTL Limited. At 59 years old, she holds a postgraduate degree in International Business & Human Resources, along with PG Diplomas in Education for Peace and Management of Education. With over 36 years of experience across multiple domains including telecom, education, animation, staffing, and information technology, Fernandes is poised to contribute significantly to GTL's strategic direction.

Her extensive background includes senior positions in companies providing telecom tower and maintenance services, including previous experience with GTL Ltd. Fernandes has handled diverse responsibilities ranging from project execution and strategy to human resources and corporate social responsibility.

Notably, Fernandes has also held leadership positions in various organizations:

• Former CEO of NASSCOM Foundation, the non-profit arm of the Indian IT Industry
• Former CEO of the Indian Staffing Federation in Delhi
• Former Chairperson of the Cricket Association for the Blind of Maharashtra (CABM)
• Former Chairperson of the All India Chess Federation for the Blind (AICFB) from 2002-2006

Fernandes currently holds 9,400 equity shares in GTL Limited, aligning her interests with those of the company's shareholders.

These board changes and the upcoming AGM mark a period of transition for GTL Limited as it adapts to evolving market dynamics and strengthens its leadership team.

GTL Limited , a prominent player in the network services sector, has announced a significant change in its top management. The company's Board of Directors has approved the appointment of Harshad Kulkarni as the new Chief Financial Officer (CFO) and Key Managerial Personnel, effective August 7, 2025. This decision comes following the retirement of the current CFO, Milind Bapat.

New CFO Appointment

The appointment of Harshad Kulkarni was made based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee. Kulkarni, aged 52, brings a wealth of experience to his new role at GTL Limited.

Kulkarni's Professional Background

Harshad Kulkarni is a qualified Chartered Accountant and Cost Accountant with a strong commerce background. His professional journey spans over 28 years, during which he has developed expertise in various aspects of financial management. Kulkarni's areas of specialization include:

• Financial accounting
• Budgeting and Management Information Systems (MIS)
• Taxation
• Internal audit
• Systems development of Oracle Financials

Prior to his promotion to CFO, Kulkarni was serving as the Assistant Vice President - Finance & Accounts at GTL Limited, showcasing his in-depth understanding of the company's financial operations.

Board Meeting Details

The decision to appoint Kulkarni was made during a Board meeting held on August 6, 2025. The meeting commenced at 12:30 Hours (IST) and concluded at 16:55 Hours (IST), as per the company's disclosure to the stock exchanges.

Regulatory Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, GTL Limited has duly informed the stock exchanges about this change in key managerial personnel.

Company Performance

While the focus of this announcement is on the CFO appointment, it's worth noting that GTL Limited recently reported its unaudited financial results for the quarter ended June 30, 2025. The company posted a revenue from operations of ₹5,572.66 lakh for the quarter, with a total income of ₹5,848.61 lakh. The profit for the period stood at ₹1,560.12 lakh, showing a positive financial performance.

As GTL Limited welcomes Harshad Kulkarni to his new role as CFO, the company looks forward to leveraging his extensive experience in financial management to drive continued growth and maintain strong financial governance.