GTT Data Solutions Changes Statutory Auditor
GTT Data Solutions Appoints New Auditor After Resignation
GTT Data Solutions Ltd. has informed the stock exchanges about a change in its statutory audit arrangements. M/s. Mehta & Mehta, Chartered Accountants, resigned as the company's statutory auditors with effect from August 13, 2026, before the end of their existing tenure.
The resignation was attributed to internal capacity and resource realignment within the audit firm. The outgoing auditor also clarified that the decision was not related to the company's operations, financial performance, management or Board matters.
Auditor Change and New Appointment
Resignation
M/s. Mehta & Mehta stepped down as statutory auditors effective August 13, 2026.
Reason for Resignation
The audit firm cited internal capacity and resource realignment as the reason for its resignation.
New Auditor
The Board approved the appointment of M/s. NAMM & Associates, Chartered Accountants, based on the recommendation of the Audit Committee.
Initial Tenure
NAMM & Associates will initially serve as the company's statutory auditors until the conclusion of the upcoming Annual General Meeting (AGM).
Further Term
Subject to shareholder approval, NAMM & Associates will be appointed for five consecutive years, up to the company's 45th AGM.
Key Details at a Glance
| Particular | Details |
|---|---|
| Outgoing Auditor | M/s. Mehta & Mehta, Chartered Accountants |
| Resignation Date | August 13, 2026 |
| Reason | Internal capacity and resource realignment |
| New Auditor | M/s. NAMM & Associates, Chartered Accountants |
| Appointment Basis | Audit Committee recommendation and Board approval |
| Initial Tenure | Until the conclusion of the upcoming AGM |
| Proposed Further Term | Five consecutive years, subject to shareholder approval |
| Long-Term Tenure | Up to the company's 45th AGM |
What to Watch Next
The key development now is shareholder approval for the proposed appointment of NAMM & Associates for the longer five-year term.
The company has also clarified that the outgoing auditor's resignation was an internal decision and was not linked to any issue concerning GTT Data Solutions' business, financial performance, management or Board.
Conclusion
GTT Data Solutions has moved to appoint NAMM & Associates as its new statutory auditor following the resignation of M/s. Mehta & Mehta. While the new auditor will initially serve until the upcoming AGM, shareholder approval could extend the appointment for five consecutive years through the company's 45th AGM.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
Other News
Thyrocare Promoter Sells 9.90% Stake, Holding Falls to 51.02%
Docon Technologies Private Limited, a promoter and holding company of Thyrocare Technologies Limited, sold 1,57,69,696 equity shares of the company through market trades on August 13, 2026. Following the transaction, the overall promoter shareholding declined from 60.92% to 51.02%, while Docon Technologies continues to remain a promoter and holding company of Thyrocare.
Ace Software Exports: Promoter Sells 1.34 Lakh Shares in Open Market
Vashali Amit Mehta, a promoter of Ace Software Exports Limited, disclosed the sale of 1,34,379 equity shares through open market transactions between August 4, 2026, and August 11, 2026. The sale included 42,120 fully paid-up shares and 92,259 partly paid-up shares. Following the transaction, her shareholding declined from 4.94% to 4.39% of the company's total share capital.
Sharp India Limited: G. D. Apte & Co. Steps Down as Statutory Auditor Mid-Term
Sharp India Limited has informed exchanges that its statutory auditor, G. D. Apte & Co., is resigning midway through its term. The exit takes effect August 13, 2026.