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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The Board of GTT Data Solutions approved a Rights Issue of fully paid-up equity shares for an amount not exceeding Rs. 50 Crores, with a Rights Issue Committee set up to finalise the issue price, entitlement ratio, and record date. Q1 FY26 standalone revenue fell sharply to Rs. 47.56 lakhs from Rs. 286.31 lakhs in the previous quarter, with a standalone loss of Rs. 411.11 lakhs, while consolidated revenue surged to Rs. 2,543.53 lakhs with a consolidated loss of Rs. 411.13 lakhs. The company completed multiple acquisitions: balance 45% stake in Itarium Technologies (Rs. 990 lakhs), 67.30% in CRG Solutions (Rs. 4,607.75 lakhs), and 100% in Alpharithm Technologies (Rs. 1,500 lakhs). A binding term sheet was signed to acquire Alpharithm Singapore, which owns AntWorks. The Board also approved an ESOP 2025 scheme and amalgamation of three wholly-owned subsidiaries into the company.
Shareholders will likely be offered the chance to subscribe to a fresh Rights Issue of up to Rs. 50 Crores, but the issue price and ratio are yet to be decided and could lead to dilution. The weak standalone financials contrasted with strong consolidated growth suggest the recent acquisitions are driving revenue, though the company remains loss-making.