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Glittek Granites Limited
5 articles
A significant shift in ownership and control is underway at Glittek Granites, as the promoters, including Kosen Ventures and the Agarwal family, have ceased to hold their stake and been reclassified as public shareholders. This follows an off-market transaction where a 62.99% stake was sold to the Thanki family and Rawmin Mining, who now constitute the new promoter group. The company is also navigating management transitions, including the resignation of its Secretarial Auditor, and is preparing to release its Q1 FY27 financial results while finalizing details for its upcoming Annual General Meeting, actions that reflect a period of considerable change and potential strategic realignment for the company.
Glittek Granites Board Meeting on August 12, 2026
Glittek Granites Ltd board meeting scheduled for August 12, 2026 to approve unaudited Q1 FY27 financial results.
Agenda includes resignation and appointment of both Secretarial and Statutory Auditors
Glittek Granites Secretarial Auditor Resigns Post Management Change
• Glittek Granites' Secretarial Auditor Kriti Daga resigns effective August 12, 2026 board meeting conclusion.
• Resignation cited due to recent management change, organizational transition, and propo
Glittek Granites Promoters Sell 62.99% Stake
• Sellers including Kosen Ventures sold 1.63 crore shares (62.99% stake) in Glittek Granites via off-market transaction.
• Transaction executed under January 2026 SPA with acquirers from Thanki family
Glittek Granites Promoters Reclassified to Public
Glittek Granites intimates BSE of promoter reclassification to public shareholders effective June 26, 2026.
Acquirers completed acquisition of 62.99% stake via SPA and 26% open offer at ₹12.65 per sha
Glittek Granites Promoters Reclassified to Public
Glittek Granites intimates BSE of promoter reclassification to public shareholders per SEBI LODR Regulation 31A(10).
Reclassification follows completion of acquisition where new acquirers purchased a