As per Attachment
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Glittek Granites Limited has received a Letter of Offer for a mandatory open offer under SEBI (SAST) Regulations. Six individuals from the Thanki family (Maheshkumar, Bhargav, Bhavin, Kalpana, Hema, and Gautam) along with Rawmin Mining and Industries Private Limited (PAC) are offering to acquire up to 67,50,000 equity shares representing 26% of the company's share capital at Rs. 12.65 per share in cash. This open offer is mandatory because the acquirers have already entered into a Share Purchase Agreement to purchase 1,63,51,010 shares (62.99%) from the existing promoter group (Agarwal family and Kosen Ventures) at the same price. The maximum total consideration for the open offer is Rs. 8.54 crore. The tendering period runs from May 19, 2026 to June 2, 2026.
This represents a change of control where the Thanki family and Rawmin Mining will replace the existing promoters. Public shareholders can exit at Rs. 12.65 per share, which is marginally below the market price of Rs. 13.28 at the time of the public announcement in January 2026. After completion, the new acquirers will appoint their own board members.