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The Independent Directors Committee of Glittek Granites Limited met on May 13, 2026, to provide its recommendation on an open offer for acquiring up to 67,50,000 equity shares. The open offer is being made by six acquirers (Maheshkumar Jatashankar Thanki, Bhargav Girjashankar Thanki, Bhavin Harihar Thanki, Kalpana Ashwinkumar Thanki, Hema Bhargav Thanki, and Gautam Ashwinkumar Thanki) along with Rawmin Mining And Industries Private Limited as a Person Acting in Concert (PAC). This process is governed by SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The committee's recommendation report has been submitted and is being published in major newspapers including Financial Express, Jansatta, and Navshakti on May 14, 2026.
Shareholders should carefully review the Independent Directors Committee's recommendation before deciding whether to tender their shares in the open offer. The committee's assessment of the offer price and terms will be critical for shareholder decisions.