APPROVAL OF SHARE PURCHASE
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.9 pts more than Nifty Microcap 250 and 5.0 pts more than its Other Construction Materials peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Glittek Granites Ltd approved a Share Purchase Agreement (SPA) on January 6, 2026, for the sale of 1,63,51,010 equity shares (62.99% of fully paid-up share capital) by the existing promoter group (Manjula Agarwal, Tushar Agarwal, Ashoke Agarwal, Ashoke Agarwal & Others HUF, and Kosen Ventures Private Limited) to a group of new acquirers led by members of the Thanki family (Maheshkumar, Bhargav, Bhavin, Kalpana, Hema, and Gautam Thanki). This effectively results in a change of control of the listed company. The transaction is subject to regulatory approvals, including compliance with SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
This is a significant change-of-control event — shareholders should expect a mandatory open offer from the new acquirers at a price to be determined under the Takeoverncode. Minority shareholders may get an exit opportunity or should monitor the open offer price closely.