GTL Limited has informed the Exchange regarding 'Disclosures under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015'.

Debt restructuredDebt prepaidCredit & Debt View source PDF Explain this filing

GTL · price

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

+4.7%Reaction day

₹10.41

prior close

₹10.59

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+4.7% vs market

Telecom - Services peers, median of 17sector · industry level-0.4%+5.1% vs sector

On the reaction day the stock moved 4.7 pts more than Nifty Microcap 250 and 5.1 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.4

10m

+1.8

15m

+1.1

30m

+1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.7+0.1+4.7-0.4+5.1

Next day

-0.3+0.5-0.8-0.6+0.3

+0.0-0.0+0.0-2.4+2.4

+0.1-0.1+0.2-2.6+2.7

+0.0+0.4-0.4-3.0+3.0

-0.6+0.7-1.3-3.3+2.7

-1.8+0.4-2.2-3.0+1.2

15d

-5.4+1.1-6.4-4.6-0.8

-11.0-2.0-9.0-9.1-1.9

-11.1-1.9-9.3-12.2+1.0

-7.8-2.7-5.0-10.6+2.8

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

GTL Limited has fully settled all its dues and disputes with Canara Bank under a One-Time Settlement (OTS) arrangement. Following the in-principle OTS approval secured lenders communicated in January 2024, the company has now received Canara Bank's OTS sanction and made complete payment. Canara Bank has issued a no-dues certificate, and all legal claims including NCLT and DRT proceedings filed against the company stand withdrawn. The bank is in the process of filing formal withdrawal applications for these legal proceedings. The company continues to negotiate OTS settlements with its remaining set of lenders, including resolution of pending arbitration disputes.

Likely market impact

Positive for shareholders as it removes a major legal overhang and eliminates Canara Bank's claims against the company. The successful OTS settlement reduces litigation risk and is a step toward cleaning up the company's balance sheet, though OTS typically involves paying less than the full outstanding amount.