Disclosure of resignation of Mr. Shantanu Surpure as Independent Director.
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Awaiting price reaction for this filing.
Mr. Shantanu Surpure (DIN: 00337426) resigned as Independent Director of GTT Data Solutions Ltd with effect from June 10, 2025. He stepped down because he became an acquirer in an open offer for Bijoy Hans Limited, a company that falls under the promoter group of GTT Data Solutions under SEBI ICDR Regulations. This new link raised concerns about his ability to remain independent as defined under SEBI LODR Regulations. He also stepped down from all board committee positions where he served as member or chairman. He does not hold directorship in any other listed entity, and confirmed there are no other material reasons for his departure.
This is a proactive governance move — the director voluntarily resigned to preserve board independence standards rather than being forced out. The stock impact is likely neutral, but shareholders should monitor for a replacement appointment and any further changes linked to the Bijoy Hans open offer.