Approval of Board of Directors for ESOP, subject to approval of shareholders
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GTT Data Solutions' Board approved multiple items on August 14, 2025. The company posted a standalone net loss of Rs. 411.11 lakhs on revenue of Rs. 47.56 lakhs for Q1 FY26 (vs Rs. 2.71 lakhs revenue and Rs. 80.68 lakhs loss a year ago). On a consolidated basis, revenue surged to Rs. 2,543.53 lakhs (vs Rs. 304.94 lakhs) with a net loss of Rs. 411.13 lakhs, boosted by recent acquisitions of CRG Solutions (67.3% for Rs. 46.08 cr) and Alpharithm Technologies India (100% for Rs. 15 cr). The Board approved a Rights Issue of up to Rs. 50 crores, an ESOP 2025 scheme (subject to shareholder nod), and a merger scheme to consolidate three wholly-owned subsidiaries. The auditor flagged two emphasis-of-matter items about Rs. 354 lakh and Rs. 177 lakh advances given for IP purchases that are pending completion. The company also signed a binding term sheet to acquire Alpharithm Singapore (which owns AntWorks).
Shareholders should note the company remains loss-making at the standalone level, but consolidated revenue has jumped sharply due to acquisitions. The Rs. 50 crore Rights Issue may lead to equity dilution, and ESOP 2025 could add further dilution if shareholder approval is granted. The auditor's emphasis-of-matter regarding pending IP-related advances (Rs. 531 lakhs total) is a minor watch item.