Un-audited Financial Results for the quarter ended June 30, 2026

REF: GTL/CS-SE/2026-27/12 August 11, 2026 •••• Department of Corporate Services Corporate Communication Department BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th 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, Re: Outcome of the Board Meeting This is in continuation to our letter bearing Ref. No. GTL/CS-SE/2026-27/11 dated August 4, 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 ended June 30, 2026 (Q1). 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 16.15 Hours (IST). We request you to take the above on your records. Thanking you, 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 LIMITED Statement of unaudited results for the quarter ended June 30, 2026 ₹ in lakhs (except per share data) Quarter ended Quarter ended Quarter ended Year ended June 30, March 31, June 30, March 31, Sr.No. Particulars - 2026 2026 2025 2026 Unaudited Audited Unaudited Audited 1 Revenue from operations 6,002.18 5,824.78 5,572.66 22,437.20 2 Other Income a) Exchange Gain NIL NIL 223.07 NIL b) Others 33.33 92.57 52.88 232.79 3 Total Income (1+2) 6,035.51 5,917.35 5,848.61 22,669.99 4 Expenses a) Cost of Material Consumed and Services rendered 163.13 162.90 590.25 1,497.81 Changes in inventories of finished goods, Stock-in-Trade and b) NIL NIL NIL NIL work-in-progress c) Employee benefits expenses 2,464.25 1,928.81 2,280.04 8,433.45 d) Finance costs (Refer Note 7) 948.96 921.36 922.83 3,603.18 e) Depreciation and ammortisation expense 101.81 205.12 170.46 742.32 f) Exchange Loss 604.90 5,579.41 NIL 11,104.51 g) Other Expenses 2,964.58 698.62 1,123.99 3,613.43 Total Expenses (4) 7,247.63 9,496.22 5,087.57 28,994.70 5 Profit / (Loss) before exceptional items and tax (3-4) (1,212.12) (3,578.87) 761.04 (6,324.71) 6 Exceptional items (Refer Note 8) 33,430.04 60,948.90 1,129.08 61,044.45 7 Profit / (Loss) before tax (5+6) 32,217.92 57,370.03 1,890.12 54,719.74 8 Tax expense: i) Current tax NIL NIL NIL NIL ii) Adjustment of tax relating to earlier periods NIL NIL NIL NIL iii) Deferred tax NIL (3,535.00) 330.00 (3,535.00) Profit / (Loss) for the period from Continuing 9 32,217.92 60,905.03 1,560.12 58,254.74 operations (7-8) 10 Profit / (Loss) from discontinued operations NIL NIL NIL NIL 11 Tax expense of discontinued operations NIL NIL NIL NIL 12 Profit / (Loss) from discontinued operations (after tax) (10+11) NIL NIL NIL NIL 13 Profit / (Loss) for the period (9+12) 32,217.92 60,905.03 1,560.12 58,254.74 14 Other Comprehensive Income A (i) Items that will not be reclassified to profit or loss 8.73 33.50 18.75 71.97 (ii) Income tax relating to items that will not be NIL NIL NIL NIL reclassified to profit or loss B (i) Items that will be reclassified to profit or loss NIL NIL NIL NIL (ii) Income tax relating to items that will be NIL NIL NIL NIL reclassified to profit or loss Total Other Comprehensive income for the period /year 8.73 33.50 18.75 71.97 Total Comprehensive Income for the period (13+14) 15 (Comprising profit / (loss) and other Comprehensive 32,226.65 60,938.53 1,578.87 58,326.71 Income for the period) Paid-up equity share capital (Equity Shares of Face Value 16 15,729.68 15,729.68 15,729.68 15,729.68 of ₹ 10/- each) 17 Earnings Per Share (For continuing operations) (of ₹ 10 /- each) (not annualised): a. Before Exceptional items: a) Basic (0.77) (0.03) 0.29 (1.78) b) Diluted (0.77) (0.03) 0.29 (1.78) b. After Exceptional items: a) Basic 20.48 38.72 0.99 37.03 b) Diluted 20.48 38.72 0.99 37.03 18 Earnings Per Share (For discontinued operations) (of ₹ 10 /- each) (not annualised): a) Basic NIL NIL NIL NIL b) Diluted NIL NIL NIL NIL Earnings Per Share (For discontinued and continuing operations) (of ₹ 10 /- each) (not annualised): a) Basic (After Exceptional tems) 20.48 38.72 0.99 37.03 b) Diluted (After Exceptional tems) 20.48 38.72 0.99 37.03 Capital Redemption Reserve and Debenture Redemption 20 N.A. N.A. N.A. 19,979.22 Reserve 21 Other Equity N.A. N.A. N.A. (5,60,334.94) See accompanying notes to the Financial Results For, GTIcLimit d, na Fernandes Place: Navi Mumbai Whol time Director Date: August 11, 2026 (DIN 06712021) Registered Office: 6th Floor, Building No. A, Plot No. EL-207, M. I. D. C., T. T. C. Industrial Area, Mahape, Tal. & Dist. Thane, Navi Mumbai - 400 710. CIN: L40300MH1987PLC045657 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 August 11, 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 figures for the quarter ended March 31, 2026 represent the difference between the audited figures in respect of the full financial year ended on that date and the published figures of nine months ended December 31, 2025. 5. The Company is engaged only in the business of providing "Network Services" and as such there are no separate reportable segments. 6. The net worth of the Company got eroded during the last few years. The Company's current liabilities are higher than its current assets. The Management believes that the Company is in a position to revive its business and continue its operations upon completion of the ongoing settlement with the lenders, based on their in-principle approvals. Accordingly, the Company continues to prepare its financial results on a going concern basis. 7. Based on the ongoing OTS arrived at with the lenders, the Company has settled/is in the process of settlement of their dues. Consequently, no further interest is payable on the borrowings and hence not provided for. 8. Exceptional items (net) for the quarter ended of ₹ 33,430.04 lakhs include: (a) An amount of ₹ 31,585.04 lakhs towards the accounting impact pursuant to the One Time Settlement during this quarter; (b) An amount of ₹ 1,845.00 lakhs, recognised as one-time income out of the settlement of disputed dues. 9. The figures for the previous quarter / year have been regrouped / rearranged / recast wherever considered necessary. For GTL Limited, ufin ernandes August 11, 2026 Whole-time Director Place: Navi Mumbai (DIN 06712021) GDA & Associates Chartered Accountants Limited Review Report Review Report to, The Board of Directors of GTL LIMITED We have reviewed the accompanying statement of unaudited financial results of GTL LIMITED ("the Company") for the quarter ended June 30, 2026 (the "statement"), being submitted by the c [Showing first 8,000 characters — download PDF for full document]