GTT Data Solutions Ltd — Updates, 20-05-2025: Company Update

GTT Data Solutions has announced a board meeting on finalizing the financial results for the quarter and half-year. The company confirms no deviation in the use of proceeds from its rights issue worth Rs. 49.82 Cr raised in March 2025. Funds totaling Rs. 24.34 Cr have been utilized mainly for repaying unsecured loans, acquisition of equity shares in CRG Solutions, IT infrastructure development, strategic acquisitions, and issue-related expenses. Around Rs. 25.48 Cr remains unutilized. This steady deployment of raised capital supports the company’s growth and operational objectives, maintaining transparency for shareholders.