Key Quantitative Figures
The company received three separate intimations from BSE Limited imposing fines aggregating to Rs. 4,10,000/- (plus applicable GST).
Dates of Action
- Date of fine imposition intimations: 25th August, 2026
- Periods of non-compliance: quarters ended December 2025, March 2026 and June 2026
- Remedial action effective date: 7th June 2026
- Disclosure date: August 26, 2026
Parties Involved
- Authority: BSE Limited
- Listed Entity: GTT Data Solutions Limited (formerly known as Cinerad Communications Limited)
- Company Secretary & Compliance Officer: Ebrahim Nimuchwala
- Reconstituted Nomination and Remuneration Committee Members:
- Mr. Sai Manik Sud (Chairman)
- Ms. Ruchika Mehta (Member)
- Mr. Kaushal Uttam Shah (Member)
Details of Violation
Non-compliance with Regulation 19(1)/19(2) of the Listing Regulations, which requires the Nomination and Remuneration Committee of the Company to be constituted in accordance with the prescribed composition, including the requisite proportion of Independent Directors.
Financial Impact
Monetary impact: Rs. 4,10,000/- (plus applicable GST), payable to BSE Limited. There is no impact on the operations, business or financial position of the Company.
Remedial Action Taken
The Board initiated the process of identifying and evaluating suitable candidates for the reconstitution of the Nomination and Remuneration Committee. The committee was reconstituted with effect from 7th June 2026, comprising three independent directors: Mr. Sai Manik Sud as Chairman, and Ms. Ruchika Mehta and Mr. Kaushal Uttam Shah as members. Full compliance with Regulation 19 of the Listing Regulations was restored.
Additional Disclosure Requirements
This disclosure is being uploaded on the Company's website at https://gttdata.ai/ in accordance with Regulation 46(2) of the Listing Regulations.