Outcome of Committee Meeting

• Security Code: 500160
• Company: GTL

GTL Ltd has informed BSE that the Committee of Board in its meeting held on July 12, 2012 has considered and allotted Zero Percent Coupon 38,30,000 CCDs of face value of Rs. 100/- each to the Promoter.

The said allotment of CCDs is in terms of the Letter of Approval dated December 23, 2011 issued by the CDR Empowered Group (EG) approving the debt restructuring proposal of the Company under the CDR system. Consequently, the Promoters have contributed the entire amount of Rs. 83.45 Crore as required under CDR Scheme.