Notice for payment of First and Final Call on partly paid-up Equity Shares
Price
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Awaiting price reaction for this filing.
GTT Data Solutions Ltd is asking shareholders to pay the remaining ₹19.50 per share (₹7.50 towards face value and ₹12 towards premium) on partly paid-up equity shares that were issued on a rights basis at ₹26 each (1:1 ratio) earlier this year per the Letter of Offer dated January 10, 2025. Shareholders had initially paid ₹6.50 per share, and this is the final balance call. The record date for identifying eligible shareholders was April 11, 2025, and the last date to make payment is May 5, 2025. Trading of the partly paid-up shares (ISIN IN9959B01015) has been suspended from April 11, 2025, and upon full payment, the shares will convert to fully paid-up equity shares under ISIN INE959B01017 within 2-3 weeks. Failure to pay will attract 10% annual interest and risk of forfeiture of the partly paid-up shares.
Eligible shareholders must pay ₹19.50 per partly paid share by May 5, 2025 to convert them into fully paid-up shares, or risk forfeiture of those shares. The stock may see technical selling pressure as partly paid-up shares face the final call, but successful conversion is largely procedural and already priced in.