Notice of the EOGM to be held on 12th February, 2026.
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GTT Data Solutions Ltd has called an EGM on February 12, 2026 (via video conferencing) to seek shareholder approval for several major corporate actions. Proposals include increasing the authorised share capital from ₹65 crore to ₹70 crore (adding 50 lakh shares) and raising the Section 186 investment/loan/guarantee limit to ₹400 crore. The big-ticket items are two full acquisitions done through share swaps: 100% of Antworks Solutions India Pvt Ltd (ASIPL) for ₹101.52 crore by issuing 1,22,51,111 shares, and 100% of Insurants AI Ltd (IAL) for ₹15.80 crore by issuing 19,06,490 shares — both at ₹82.87 per share (₹72.87 premium). Once approved, both target companies will become wholly-owned subsidiaries of GTT. The swap price is the same for both deals, with the relevant date for floor pricing fixed at January 13, 2026. The EGM also covers the appointment of two directors — Mr. Hamad Jabor Jassim Al-Thani as Non-Executive Non-Independent Director and Mr. Deepak Abasaheb Shinde as Independent Director for a 5-year term.
If approved, existing shareholders will face significant dilution (over 1.4 crore new shares issued), but the company will gain two wholly-owned subsidiaries, signalling an aggressive inorganic growth strategy. The related-party transaction with the Company Secretary (Mr. Nimuchwala) and promoter-group entities may attract minority shareholder scrutiny. Stock price reaction will depend on investor perception of the acquisition valuations and the strategic fit of ASIPL and Insurants AI.