Revised Corporate announcement with additional details in respect of earlier disclosure dated April 18, 2025.
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GTT Data Solutions filed a revised announcement explaining the delay in disclosing changes that took effect on April 1, 2025. Mr. Ganesh Natarajan, who was already Chairman (Non-Executive) since March 2024, was redesignated as Chairman & Whole-time Director (Executive) for a 3-year term. Three senior management personnel were also appointed effective April 1, 2025: Uma Ganesh Natarajan as President Human Intelligence, Vijay Jog as Strategic Advisor, and Raghu BS as Executive Vice President – Human Intelligence. The company stated that the formal NRC and Board approvals happened on April 18, 2025 (the first meeting after April 1), which is why the disclosure to the stock exchange went out beyond the SEBI-mandated 24-hour window. The delay was described as procedural and unintentional, with no malafide intent.
Shareholders should note the family connection: Uma Ganesh Natarajan, appointed as SMP (President), is the spouse of Executive Chairman Ganesh Natarajan. The delayed disclosure beyond SEBI's 24-hour window is a minor governance red flag, though the company has formally explained the reason. Watch for the shareholder approval of the Executive Chairman redesignation at the next general meeting.