Outcome of Board meeting dated November 6, 2025
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GTT Data Solutions Ltd's board approved unaudited standalone and consolidated results for Q2/H1 FY26 ended September 30, 2025. Consolidated revenue surged to Rs. 6,220.46 lakhs in H1 FY26 from Rs. 658.55 lakhs in H1 FY25, an 844% jump, while standalone revenue rose to Rs. 438.43 lakhs from Rs. 9.23 lakhs. However, the company remained in the red with a consolidated loss of Rs. 520.48 lakhs (H1) and standalone loss of Rs. 620.16 lakhs; consolidated operating cash flow was negative at Rs. (2,070.92) lakhs. The board approved 100% acquisitions of Antworks Solutions India and UK-based Insurant AI Limited, to be funded through a share swap via preferential issue. A new Merger & Acquisition Committee was constituted, and authorised share capital will rise from Rs. 65 crore to Rs. 70 crore. The auditor included an emphasis of matter on two advances totalling Rs. 531 lakhs given for IP rights purchases that are pending completion due to tax compliance issues.
Existing shareholders will see dilution from the share-swap acquisitions and the preferential issue, though the deals could drive future revenue given the sharp H1 growth. The deepening losses, negative operating cash flow, and auditor's emphasis of matter flag on delayed IP acquisitions are key risks for the stock.