GTL Limited has informed the Exchange about disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Intimation of Judgement of Hon'ble Bombay High Court - Quashing FIR

Court Stay ObtainedRegulatory & Legal View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-0.1%Reaction day

₹7.03

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-2.2%+2.1% vs market

Telecom - Services peers, median of 17sector · industry level-3.1%+2.9% vs sector

On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 2.9 pts more than its Telecom - Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Telecom - Services peers, median of 17Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The Bombay High Court has allowed GTL Limited's writ petition and quashed the CBI FIR (RC2192023E0003) that was registered against the company on January 21, 2023. The court held that no offence is made out that would warrant continuation of the investigation. The judgment was dated February 27, 2026, and uploaded on the court's website on February 28, 2026. The company has stated there are no financial implications and no penalty, restriction, or sanction has been imposed. This is a significant legal win for GTL Limited, clearing a three-year-old CBI investigation cloud.

Likely market impact

Positive for shareholders — the quashing of the CBI FIR removes a long-standing legal overhang on the company. No financial liability or penalty has been imposed, which should ease investor concerns about the investigation.