Key Event Details
GTT Data Solutions Limited (formerly Cinerad Communications Limited) has successfully incorporated a wholly owned subsidiary (WOS) in Hungary named AntWorks Europe Solutions Korlátolt Felelősségű Társaság (abbreviated as AntWorks Europe Solutions Kft. or AESK).
Incorporation Details
- Date of Incorporation: October 21, 2026
- Registration Authority: Company Registry Court of the Metropolitan Court of Budapest (Fővárosi Törvényszék Cégbírósága)
- Company Registration Number: 01-09-471458
- EUID: HUOCCSZ.01-09-471458
- Tax Number: 33146788-2-41
- EU VAT Number: HU33146788
Business Operations
AESK will engage in business and management consulting, asset management, computer programming, information technology consultancy, operation of computer equipment and systems, Data Analytics, AI, and other information technology service activities.
Regulatory Approvals
- Registration obtained from the Company Registry Court of the Metropolitan Court of Budapest vide order dated October 21, 2026
- Investment made in accordance with the Foreign Exchange Management Act, 1999 and relevant rules and regulations
Financial Details
- Nature of Consideration: Cash
- Investment Amount: HUF 3,000,000 (Hungarian Forint Three Million)
- Purpose: 100% subscription to the initial registered capital of AESK at face value
Ownership Structure
GTT Data Solutions Limited holds 100% of the registered capital of AESK and is the sole member of the subsidiary.
Historical Context
The incorporation fulfills the board approval granted on August 13, 2026, for the potential incorporation of a WOS in Hungary.
Document Metadata
- Recipient: The Listing Department, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001