Voting result with scrutinizer report in respect of postal ballot.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
GTT Data Solutions Ltd (formerly Cinerad Communications Limited) announced results of its postal ballot concluded on July 14, 2025, with all 18 resolutions passed with requisite majority. Resolution 1 (Special Resolution) approved the change in designation of Mr. Ganesh Natarajan as Chairman & Whole-time Director along with his remuneration for 3 years effective April 1, 2025 — passed unanimously with 100% votes in favour. Resolutions 2 to 18 (all Ordinary Resolutions) approved material related party transactions with 17 different parties including individuals (Pankaj Samani, Kaushal Shah, Nitin Patil, Manoj Panvelkar, Basanta Swain) and entities (U G Patwardhan Services, Global Talent Track, Itarium Technologies, Alpharithm Technologies, CRG Solutions, Agri One India Ventures, SMCV Ventures, SMCV Management Services, Seed Infotech, O2 Breathing Brains, Ujjvilas Technologies, and Bijoy Hans). Each RPT resolution passed with approximately 99.99% votes in favour against just 117 shares voted against.
The formal approval of Chairman remuneration and all related party transactions removes governance uncertainty and legitimizes ongoing business dealings with promoter-linked entities. However, shareholder participation was very low — only about 7% of outstanding shares voted on most RPT resolutions, with promoters abstaining due to being interested parties. This means resolutions effectively sailed through on minimal public turnout, which retail investors should note as a governance signal.