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Awaiting price reaction for this filing.
Promoter and Managing Director Mr. Ashoke Agarwal sold another 160,000 equity shares of Glittek Granites on 24 December 2025 through the open market, at a total sale value of Rs. 17.89 lakh (approx Rs. 11.18 per share). This is part of a larger intended sale of 5,00,000 shares previously disclosed, of which 1,48,803 shares had already been sold earlier and 1,91,197 shares remain to be sold. Prior to this disposal, the promoter held 8,25,888 equity shares (11.18% stake); post-disposal his holding stands at 6,65,888 shares. The company confirms the promoter has sold less than 2% of total paid-up equity capital in this tranche, executed via the stock exchange in compliance with SEBI insider trading and takeover regulations.
Continued promoter selling is a negative signal as it indicates the promoter is reducing his stake in the company. Retail shareholders should track the remaining 1,91,197 shares pending sale and any price impact, as sustained open-market selling by promoters often puts downward pressure on the stock.