Board Meeting14 Aug 2026, 07:31 am
GTT Data Solutions Board Approves Financial Results, Two Acquisitions
AI Summary
GTT Data Solutions Ltd's Board of Directors met on August 13, 2026, approving the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. The board also approved, subject to member approval, the acquisition of 47.47% of Antworks Solutions India Private Limited (ASIPL) for ₹37.99 crore and 48.95% of Insurants AI Limited (UK) for ₹9.33 crore. Both acquisitions will be discharged via equity share allotment. Additionally, the board approved rescinding previous resolutions related to acquisitions of ASIPL and Insurants AI Limited (IAL), and preferential issues for both companies, due to re-negotiation and restructuring of terms.
Key Highlights
- Board approved unaudited financial results for Q1 FY27.
- Approved acquisition of 47.47% in ASIPL for ₹37.99 crore via share swap.
- Approved acquisition of 48.95% in Insurants AI (UK) for ₹9.33 crore via share swap.
- Rescission of prior resolutions for ASIPL and IAL acquisitions approved.
- Director Kaushal Uttam Shah to retire by rotation and seek re-appointment.
Price Impact
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