Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
GTT Data Solutions has filed a NIL deviation statement confirming that proceeds from its Rights Issue (Rs. 4,982.10 lakhs raised in March 2025) and Preferential Issue (Rs. 5,255.79 lakhs raised in April 2025) have been used in line with the originally stated objects. From the Rights Issue, Rs. 4,856.84 lakhs were utilised for loan repayment, acquisition of Itarium Technologies and CRG Solutions, IT infrastructure development, and general corporate purposes, with Rs. 125.26 lakhs unutilised due to non-receipt of call money. From the Preferential Issue, Rs. 4,656.69 lakhs were utilised toward acquiring 67.30% of CRG Solutions and 100% of Alpharithm Technologies via share swaps. Notably, the CRG allotment was reduced from 30,82,568 approved shares to 26,21,722 shares due to withholding tax obligations on non-resident shareholders, leaving Rs. 599.10 lakhs in withholding tax payable. The Audit Committee reviewed and confirmed no deviations on August 7, 2025.
This is a routine compliance filing confirming fund usage is on track with disclosed plans, which is neutral for shareholders. Investors should note the small unutilised amount from the Rights Issue and the pending withholding tax liability related to the CRG acquisition, which slightly reduced the share count issued to CRG's selling shareholders.