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Awaiting price reaction for this filing.
The Board of Glittek Granites approved a Share Purchase Agreement on January 6, 2026, under which the existing promoter group members (Manjula Agarwal, Tushar Agarwal, Ashoke Agarwal, Ashoke Agarwal & Others HUF, and Kosen Ventures Private Limited) will sell 1,63,51,010 equity shares, representing 62.99% of the company's fully paid-up share capital, to a group of six Acquirers from the Thanki family (Maheshkumar, Bhargav, Bhavin, Kalpana, Hema, and Gautam Thanki). This effectively results in a change of control of the company. The transaction is subject to regulatory approvals, including SEBI's Takeover Regulations, 2011.
This is a major change-of-control event — the existing promoter group is exiting its majority stake and new shareholders are taking over the company. Existing minority shareholders should expect a shift in management direction, and the deal remains pending regulatory clearance before completion.