Outcome of Board Meeting

REF: GTL/CS-SE/2026-27/25 November 05, 2026 Department of Corporate Services Corporate Communication Department BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, 51h Floor, 25th Floor, Dalal Street, Plot No. C/1, G Block, Fort, Mumbai 400 001. Bandra Kurla Complex, Bandra (East), Mumbai 400 051. (BSE Code: 500160 NSE Symbol: GTL ISIN: INE043A01012) Dear Sir/s, Sub: Outcome of Board Meeting This is in continuation to our letter bearing Ref. No. GTL/CS-SE/2026-27/24 dated October 29, 2026 and pursuant to Regulations 33 and other applicable regulations, if any, of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Listing Regulations), we have to inform that the Board of Directors of the Company, in its meeting held today has considered and approved the Un-Audited Financial Results for the quarter and period ended September 30, 2026 (Q2). A copy of the said results, notes thereto and Limited Review Report of the Auditor is enclosed for your records. The meeting of the Audit Committee / Board of Directors of the Company commenced at 11:30 Hours (IST) and concluded at 15.45 Hours (IST). We request you to take the above on your records. Yours faithfully, For GTL Limited Harshad Kulkarni Pratik Toprani Chief Financial Officer Company Secretary Note: This letter is submitted electronically with BSE & NSE through their respective web-portals. GTL LIMITED Regd Off: 6th Floor, Building No. A, Plot No EL-207, MIDC, TTC Industrial Area, Mahape, Navi Mumbai - 400 710 India. Tel: + 91-22-2761 2929 I Fax : +91 -22-2768 9990 I www.gtllimited.com I CIN No. - L40300MH1987PLC045657 Corp Off: 412, Janmabhoomi Chambers, 29 Walchand Hirachand Marg, Ballard Estate, Mumbai - 400 001, India. Tel : +91 - 22 -2271 5000 Fax : +91 -22-2271 5332 GTL UNITED Statement of unaudited results for the quarter and period ended September 30, 2026 in laths (except per share data) Quarter ended Quarter ended Quarter ended Period ended Period ended Year ended September 30, June 30, September 30, September 30, September 30, March 31, Sr.No. Particulars 2026 2026 2025 2026 2025 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1 Revenue from operations 6,041.33 6,002.18 5,539.92 12,093.51 11,112.58 22,437.20 2 Other Income a) Exchange Gain NIL NIL NIL NIL NIL NIL b) Others 101.54 33.33 65.25 134.87 118.13 232.79 3 Total Income (1+2) 6,14287 6,035.51 5,603.11 12,178.38 11,230.71 22,669.99 4 Expenses a) Cast of Material Consumed and Services rendered 163.15 163.13 598.66 326.28 1,188.91 1,497.81 Changes In inyentodes of finished goods, Steak-in-Trade and b) work-in-progress NIL NIL NIL NIL NIL NIL c) Employee benefits expenses 2,782.39 2,469.25 2,017.68 5,246.69 4,297.72 8,433.45 d) Finance costs (Refer Note 6) 1,020.33 948.96 841.01 1,969.29 1,763.84 3,603.18 e) Depreciation and ammorbeation expense 233.28 101.81 177.28 335.09 397.74 742.32 O Exchange Loss 373.35 604.90 4,223.06 978.25 3,999.99 11,109.51 9) Other Expenses 1,549.17 2,964.58 991.44 4,513.75 2,115.43 3,613.43 Total Expenses (4) 6,121.67 7,247.63 8,849.13 13,369.30 13,713.63 28,994.70 5 Profit / (Loss) before exceptional Items and tax (3-4) 21.20 (1,212.12) (3,243.96) (1,190.92) (2,482.92) (6,324.71) 6 acertonal items (Refer Note 9) 19,879,74 33,430.04 (1,033.53) 53,309.78 95.55 61,1349.95 7 Profit/ (Loss) before tax (5+6) 19,900.94 32,217.92 (4,277.49) 52,118.86 (2,387.37) 50.719.74 8 Tax expense: I) Current tax NIL NIL NIL NIL NIL NIL II) Adjustment of tax relating to eviler periods NIL NIL NIL NIL NIL NIL III) Deferred lax NIL NIL (330.00) NIL NIL (3,535.00) 9 oPr po efi rt a / t i( oL nos (s )) - 8fo ) r the period from Continuing 19,900.94 32,217.92 (3,94249) 52,119.86 (2,387.37) 58,254.74 10 Profit / (Loss) from discontinued operations NIL NIL NIL NIL NIL NIL 11 Tax expense of discon0nued operations NIL NIL NIL NIL NIL NIL 12 Profit/ (Loss) from discontinued operations (after tax) (10+11) NIL NIL NIL NIL NIL NIL 13 Profit / (Loss) for the period (9+12) 19,900.94 32,217.92 (3,947.49) 52,119.86 (2,387.37) 58,254.74 14 Other Comprehensive Income A (I) Items that will not be reclassified to profit or loss 105.12 8.73 94.51 113.85 63.26 71.97 (II) Inane tax relating to items that will not be reclassified to profit or loss NIL NIL NIL NIL NIL NIL B (I) Items that will be redassified to profit or loss NIL NIL NIL NIL NIL NIL (d) Income tax relating to items that will be reclassified to profit or loss NIL NIL NIL NIL NIL NIL Total Other Comprehensive Income for the period /year 105.12 8.73 44.51 113.85 63.26 71.97 Total Comprehensive Income for the period (13+14) 15 (Comprising profit / (loss) and other Comprehensive 20,006.06 32,226.65 (3,902.98) 52,232.71 (2,324.11) 58,326.71 Income for the period) 15 oP fa i id 1-u 0p / -e eq au cit hy ) share capital (Equity Shares of Face Value 15,729.68 15,729.68 15,729.68 15,729.68 15,729.60 15,729.68 17 Earnings Per Share (For contMuing operations) (oft 10 I- each) (not annualised): a. Before Exceptional Items: a) Basic 0.01 (0.77) (1.85) (0.76) (1.58) (1.78) b) Diluted 0.01 (0.77) (1.85) (0.76) (1.58) (1.78) b. After Exceptional Items: a) Basic 12.65 20.48 (2.51) 33.13 (1.52) 37.03 b) Diluted 12.65 20.48 (2.51) 33.13 (1.52) 37.03 18 Earnings Per Share (For discontinued operations) (of t 10 /- each) (not annualised): a) Basic NIL NIL NIL NIL NIL NIL b) Diluted NIL NIL NIL NIL NIL NIL 19 Earnings Per Share (For discontinued and continuing operations) (of 4 10 /- each) (not annualised): a) Basic (After Exceptional terns) 12.65 20.48 (2.51) 33.13 (1.52) 37.03 b) Diluted (Alter Exceptional terns) 12.65 20.48 (2.51) 33.13 (1.52) 37.03 20 C Ra ep seit ra vl e R edemption Reserve and Debenture Redemption NA NA NA NA. NA 19;979.22 21 Other Equity NA NA. NA NA NA (5,60,334.94) 22 a. Debt Service Coverage Ratio NA. N.A. NA N.A. NA. NA b. Interest Service Coverage Ratio (ISCR) NA N.A. NA NA NA NA. e. Debt - Equity Ratio NA. N.A. MA. NA. NA NA • - Debt Service Coverage rails Is not furnished (Refer note 7) • - Debt-Equity ratio Is not posithe hence not furnished • - Interest on borrowings is not provided and not paid (Refer note 8) hence ISCR is not furnished See accompanying not. to the Financial Results For Um M .R na mandes Place: Mani Numbed W •he-time Director Date: November 05, 2026 (DIN 06712021) Registered Office: 6th floor, Building No. A, Plot No. EL-207, M. I. D. C., T. T. C. Industrial Area, Mahape, Tel. Er Dist. Thane, Neal MumbaI - 400 710. UN: 140300MHI9B7PLC045651 GTL Limited 1. The above unaudited financial results and notes thereto have been reviewed by the Audit Committee and approved and taken on record by the Board of Directors in their respective meetings held on November 5, 2026. 2. The results, as stated above, have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) (Ind AS), prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable. 3. The statutory auditors of the Company have conducted a limited review of the above financial results. 4. The Company is engaged only in the business of providing "Network Services" and as such there are no separate reportable segments. 5. Statement of assets and liabilities: ₹ in lakhs As at September As at March Particulars 30, 2026 31, 2026 I. ASSETS Non-current assets Property, plant and equipment 950.52 680.13 Right to Use of Lease Assets 1,194.89 825.03 Intangible assets 125.39 126.43 Financial Assets (i) Investments Nil Nil (ii) Loans Nil Nil (ii) Others 284.76 180.25 Deferred tax assets Nil Nil Other non-current assets Nil Nil Total Non-Current Assets (A) 2,555.56 1,811.84 Current Assets Inventories Nil Nil Financial Assets (i) Investments Nil Nil (ii) Trade receivables Nil Nil (iii) Cash and cash equivalents 465.26 305.32 (iv) Bank balances other than (ii) above 80.75 1,580.77 (v) Loans Nil [Showing first 8,000 characters — download PDF for full document]