Approval for preferential issue
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
GTT Data Solutions' board approved unaudited Q2/H1 FY26 results showing sharp revenue jump on a consolidated basis — revenue rose to Rs. 367.69 crore for Q2 and Rs. 622.05 crore for H1, up from Rs. 35.36 crore and Rs. 65.86 crore a year ago, driven by recent acquisitions (Itarium, CRG, Alpharithm). However, the company posted a consolidated net loss of Rs. 10.93 crore in Q2 and Rs. 52.05 crore in H1, widening from the prior year. The board also approved the 100% acquisition of Antworks Solutions India and UK-based Insurant AI, to be paid via preferential share issue (share swap), created a Merger & Acquisition Committee, and raised authorised capital from Rs. 65 crore to Rs. 70 crore. The auditor flagged an emphasis of matter on Rs. 354 lakh and Rs. 177 lakh advances given for IP purchases that remain pending due to tax compliance issues.
The acquisitions and share-swap funding will dilute existing shareholders and significantly increase goodwill (already up sharply to Rs. 50.03 crore). Persistent losses and negative consolidated operating cash flow of Rs. 20.71 crore in H1 raise concerns about near-term profitability, even as topline has scaled rapidly post-acquisitions.