Pursuant to a Share Purchase Agreement (SPA) dated January 6, 2026, the sellers have sold and transferred an aggregate of 1,63,51,010 (One Crore Sixty-Three Lakh Fifty-One Thousand Ten) equity shares of face value of ₹5/- each of Glittek Granites Limited, constituting 62.99% of the total equity share capital and voting rights of the company.

The sellers comprised: Mrs. Manjula Agarwal, Mr. Tushar Agarwal, Mr. Ashoke Agarwal, Ashoke Agarwal & Others HUF, and Kosen Ventures Private Limited.

The acquirers comprised: Mr. Maheshkumar Jatashankar Thanki, Mr. Bhargav Girjashankar Thanki, Mr. Bhavin Harihar Thanki, Mrs. Kalpana Ashwinkumar Thanki, Mrs. Hema Bhargav Thanki, and Mr. Gautam Ashwinkumar Thanki.

The transaction was executed through an off-market transfer with the effective date of June 25, 2026.

Shareholding Details Before Disposal:

  • Ashoke Agarwal: 665,888 shares (2.57%)
  • Manjula Agarwal: 1,498,735 shares (5.77%)
  • Tushar Agarwal: 1,203,387 shares (4.64%)
  • Ashoke Agarwal & Others HUF: 8,000 shares (0.03%)
  • Kosen Ventures Private Limited: 12,975,000 shares (49.98%)
  • Total: 16,351,010 shares (62.99%)

No shares were encumbered (pledge/lien/non-disposal undertaking) before the disposal.

Transaction Impact:

The entire 16,351,010 shares (62.99% stake) were sold through this transaction. The equity share capital of the company remained unchanged at 2,59,59,400 fully paid-up equity shares of ₹5/- each aggregating to ₹12,97,97,000/- both before and after the acquisition/sale.

Promoter Status Change:

Effective June 26, 2026, the sellers ceased to be members of the Promoter and Promoter Group of the company. The acquirers along with Rawmin Mining And Industries Private Limited (PAC) have become members of the Promoter and Promoter Group of the company.

Additional Notes:

The total share capital/voting capital is taken as per the latest filing done by the company to the Stock Exchange under Regulation 31 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The open offer process by the acquirers and PAC has been completed as part of this transaction.