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Awaiting price reaction for this filing.
GTT Data Solutions Ltd has filed its half-yearly disclosure of related party transactions for October 2024 to March 2025, as required under SEBI's Listing Regulations. The disclosure lists 33 transactions involving directors, key managerial personnel, promoters, and related entities. Key items include: Director Pankaj Samani continuing to lend to the company with an outstanding loan of Rs. 577.1 lakhs at 9% interest, a share swap of Rs. 492.47 lakhs with related party ITARIUM Technologies India Pvt Ltd, asset purchases from related parties O2 Breathing Brains (Rs. 354 lakhs outstanding) and UJJVILAS Technologies (Rs. 177 lakhs outstanding), and an IP purchase of Rs. 69.12 lakhs from Itier Solutions. Promoter entity UG Patwardhan Services has an outstanding loan balance of Rs. 666 lakhs to the company, while director Kaushal Shah's loan was reduced from Rs. 150 lakhs to Rs. 50 lakhs during the period. Remuneration to KMPs including the Company Secretary and senior management personnel is also disclosed.
The filing is a routine regulatory disclosure and does not directly impact stock price, but investors should note the substantial related-party borrowings (over Rs. 1,200 lakhs in outstanding loans from directors/promoters) and large inter-group asset purchases and share swaps, which warrant scrutiny for terms and pricing fairness.