Update on receipt of First and Final Call money on 5,13,368 partly paid-up equity shares pursuant to First and Final Reminder-cum-Forfeiture notice dated June 18, 2025.
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GTT Data Solutions has received ₹1,00,10,676 (approximately ₹1 crore) as the First and Final Call money on 5,13,368 partly paid-up equity shares that were issued under a previous rights issue. The call amount was ₹19.50 per share (₹7.50 face value plus ₹12 premium). The Rights Issue Committee approved converting these 5,13,368 shares from partly paid-up to fully paid-up status. After this conversion, the company's paid-up equity capital rises to about ₹41.81 crore, comprising 4,17,76,943 fully paid-up shares and 1,28,955 remaining partly paid-up shares.
This is a routine procedural update. Shareholders who failed to pay the call money may face forfeiture of their partly paid-up shares, while those who paid now hold fully paid-up shares. The slight increase in fully paid-up share count could cause marginal dilution but does not materially change the company's value.