GTT Data Solutions Limited (formerly known as Cinerad Communications Limited) has announced a crucial Board of Directors meeting scheduled for August 7, 2025. The meeting agenda includes several significant items that could potentially impact the company's future direction and shareholder value.

Quarterly Financial Review

The board will review the unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. This review will provide insights into the company's performance for the first quarter of the fiscal year.

Proposed Rights Issue

One of the key items on the agenda is the consideration of a proposal to issue securities to existing shareholders on a rights basis. This move, subject to regulatory approvals, could provide current shareholders with the opportunity to increase their stake in the company.

Employee Stock Option Scheme

The board will also discuss an Employee Stock Option Scheme (ESOP). This proposal, which requires shareholder approval, could potentially align employee interests more closely with those of the company and its shareholders.

Merger of Subsidiaries

A significant strategic move is also on the table, as the board will consider a scheme of amalgamation involving the merger of wholly-owned subsidiaries with GTT Data Solutions. This proposal is subject to statutory and regulatory approvals and could streamline the company's structure.

Trading Window Closure

In line with regulatory requirements, GTT Data Solutions has closed its trading window from July 1, 2025, which will remain closed until August 10, 2025. This measure ensures fair trading practices during this sensitive period.

The outcomes of this board meeting could have substantial implications for GTT Data Solutions' future growth strategy, capital structure, and operational efficiency. Shareholders and market observers will be keenly awaiting the results of these deliberations.

GTT Data Solutions Limited has announced a significant update to its capital structure following the conversion of partly paid-up equity shares and is preparing for potential forfeiture of remaining unpaid shares.

Capital Increase and Share Conversion

The company has successfully increased its paid-up capital to ₹41,80,91,817.50 after converting 5,13,368 partly paid-up equity shares to fully paid-up status. This conversion came as a result of shareholders responding to the First and Final Reminder-cum-Forfeiture Notice dated June 18, 2025. During the payment period from June 23 to July 7, 2025, GTT Data Solutions received ₹1,00,10,676 from shareholders.

The Rights Issue Committee, in a meeting held on July 25, 2025, approved the conversion of these shares. Following this action, the company's capital structure now comprises:

Upcoming Rights Issue Committee Meeting

GTT Data Solutions has scheduled another Rights Issue Committee meeting for July 30, 2025. The primary agenda for this meeting is to consider the forfeiture of remaining partly paid-up equity shares where call money remains unpaid despite reminders.

Regulatory Compliance

The company has made these disclosures in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The forfeiture process, if approved, will be carried out in accordance with the provisions of the Companies Act, 2013, the Articles of Association of the Company, and relevant SEBI Listing Regulations.

Corporate Actions in Progress

GTT Data Solutions is currently in the process of completing necessary formalities for corporate actions and obtaining listing and trading approvals for the newly converted fully paid-up equity shares.

Investors and stakeholders are advised to take note of these developments, particularly the potential forfeiture of unpaid shares, which may impact the company's capital structure in the near future.