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Awaiting price reaction for this filing.
Promoter and Managing Director Mr. Ashoke Agarwal sold 160,000 equity shares of Glittek Granites on 24 December 2025 through the stock exchange open market route, at a value of Rs. 17,88,928. This is part of an ongoing disposal plan of 5,00,000 shares — 148,803 shares had already been sold earlier, and the remaining 191,197 shares are expected to be sold in the coming days. Before this sale, Mr. Agarwal held 825,888 shares (11.18% of paid-up capital); after the latest sale, his holding will reduce to approximately 8.62%. The company clarified that the promoter has sold less than 2% of total paid-up equity capital so far, and all trades comply with SEBI insider trading and takeover regulations.
Continued promoter selling may create mild short-term pressure on the stock and is a negative signal for retail investors, as insider disposals often raise concerns about promoter confidence. However, the sales are being executed in a transparent, regulated open-market manner and represent a gradual exit rather than a block deal.