GTT Data Solutions Announces Board Approval of FY26 Results and Proposed Equity Conversion
GTT Data Solutions Ltd, formerly known as Cinerad Communications Ltd, announced key corporate developments and the approval of its audited financial results for the quarter and financial year ended March 31, 2026. The company's Board of Directors meeting was held on May 26, 2026.During the meeting, the Board approved the audited financial results, both standalone and consolidated, for the quarter and financial year ended March 31, 2026. In addition, the Directors approved the conversion of outstanding Inter-Corporate Deposit(s) (ICD) extended by SMCV Management Services Private Limited and other promoters into equity shares. This conversion is designed to strengthen the company's capital structure, optimize its debt position, and support long-term business growth and financial stability.
The details and conditions related to the proposed share allotment, issue price, and name of allottees will be finalized in due course, subject to necessary approvals.
Governance and Director Changes
The Board also addressed key changes in the company's governance structure.Mr. Ganesh Natarajan's designation was approved for change from Whole-time Director (Executive Director) to Non-Executive Non-Independent Director, designated as Non-Executive Chairman, with the change effective from July 1, 2026.
Furthermore, the appointment of Mr. Sai Manik Sud as an Additional Non-Executive Independent Director was approved, effective May 26, 2026.
Financial Performance Highlights
The company released detailed financial data, including standalone and consolidated results, for the period ended March 31, 2026.The Standalone Statement of Profit and Loss for the quarter and year ended March 31, 2026 (All Amounts in INR Lakhs) showed the following key figures:
| Particulars | 3 Months Ended March 31, 2026 | Current year Ended March 31, 2026 |
|---|---|---|
| Revenue from Operations | 902.58 | 2,573.75 |
| Other Income | 35.02 | 51.22 |
| TOTAL INCOME | 937.60 | 2,624.97 |
| Employee benefits expense | 932.18 | 2,275.27 |
| Depreciation and amortization expenses | 117.75 | 474.26 |
| Finance Cost | 48.80 | 154.13 |
| Other expenses | 1,828.53 | 2,285.44 |
| TOTAL EXPENSES | 2,927.25 | 5,189.11 |
| Profit before Tax | -1,989.65 | -2,564.14 |
| Profit for the year | -1,989.65 | -2,564.14 |
The Standalone Balance Sheet as at March 31, 2026, totaled 12,031.55 INR Lakhs, up from 5,628.16 INR Lakhs recorded on March 31, 2025.
| Particulars | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|
| Total Non Current Assets | 9,760.88 | 5,245.39 |
| Total Current Assets | 2,270.67 | 382.77 |
| TOTAL ASSETS | 12,031.55 | 5,628.16 |
| Total Equity | 7,492.44 | 3,042.96 |
| Total Current Liabilities | 3,400.33 | 1,909.53 |
| TOTAL EQUITIES&LIABILITIES | 12,031.55 | 5,628.16 |
In terms of cash flow, the Net cash generated from operating activities stood at 1,327.72 INR Lakhs for the year ended March 31, 2026, compared to -1,390.39 INR Lakhs in the previous year.
The consolidated financial performance for the period ended March 31, 2026, showed a Total Income of 13,520.48 lakh INR, up significantly from 1,652.56 lakh INR reported on the same date in the previous year.
Stock Price Movement
At the close of trade on Tuesday, GTT Data Solutions Ltd slipped 0.06%, settling at ₹50.61. During the session, the shares traded across a wide intraday spectrum, moving between a low of ₹47.11 and a high of ₹53.50.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: