Forfeiture of 128955 partly paid-up equity shares due non-payment of call money.
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Awaiting price reaction for this filing.
GTT Data Solutions has forfeited 1,28,955 partly paid-up equity shares (face value ₹10 each) after shareholders failed to pay the First and Final Call money despite reminder notices. The Rights Issue Committee approved the forfeiture at its meeting on July 30, 2025. Following this, the company's paid-up share capital has reduced to ₹41.77 crore, comprising 4,17,76,943 fully paid-up equity shares of ₹10 each. The shares were originally issued under a Rights Issue with Letter of Offer dated January 10, 2025, and the call notice was issued on April 15, 2025 followed by a reminder on June 18, 2025.
For retail investors, this is a routine but negative administrative action — the forfeited shares represent a small fraction (~0.3%) of the total share base, so the direct impact on share price is likely minimal. However, it signals weak shareholder participation in the company's rights issue and reflects poor collection of call money, which may indicate limited investor confidence in the rights issue terms.