First and Final Reminder-cum-Forfeiture notice on the unpaid First and Final call money in respect of partly paid-up equity shares issued under Rights Issue.
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GTT Data Solutions Ltd has issued a First and Final Reminder-cum-Forfeiture Notice to holders of 6,42,323 partly paid-up Rights Equity Shares who have not paid the First and Final Call money of Rs. 19.50 per share (Rs. 7.50 face value + Rs. 12 premium). These shares were originally allotted on March 3, 2025 under a Rights Issue based on the Letter of Offer dated January 10, 2025, when 1,91,61,915 partly paid-up shares were issued. Shareholders have a 15-day window from June 23, 2025 to July 7, 2025 to pay via cheque or demand draft. Failure to pay will result in forfeiture of the shares along with any amount already paid. The partly paid-up ISIN (IN9959B01017) has already been suspended from trading since April 11, 2025.
Shareholders who fail to pay the Rs. 19.50 per share call money by July 7, 2025 risk losing both their unpaid shares and any amount already invested, as the shares will be forfeited. The market already reflects this risk since the partly paid-up shares have been suspended from trading since April 2025.