Forfeiture of 128955 partly paid-up equity shares due non-payment of call money.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.7 pts more than Nifty Microcap 250 and 5.1 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
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.