Update on first and final call on partly paid-up equity shares.
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GTT Data Solutions received Rs. 36.11 crore as call money (First and Final Call of Rs. 19.50 per share) on 1,85,19,592 partly paid-up Rights Equity Shares, which were originally allotted on March 3, 2025 on a rights basis. These shares have now been converted from partly paid-up (Rs. 2.50 paid, face value Rs. 10) to fully paid-up equity shares. As a result, the company's paid-up capital increased to Rs. 41.42 crore, comprising 4.12 crore fully paid-up equity shares. The remaining 6,42,323 partly paid-up shares, on which Rs. 1.25 crore call money remains unpaid, will receive a Reminder-Cum-Forfeiture notice, meaning those shares could be forfeited if payment is not made.
This is a routine procedural update following the rights issue completed earlier in 2025, resulting in a larger fully paid-up share base. Shareholders should note that a small portion of rights shares (about 3.4% of those offered) may face forfeiture for non-payment, but there is no direct material impact on stock price or shareholder value from this update.