As per Attachment

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.6%Reaction day

₹46.24

prior close

₹46.80

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-0.1% vs market

Other Construction Materials peers, median of 14sector+2.1%-1.5% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 1.5 pts less than its Other Construction Materials peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-4.3

10m

-3.8

15m

-2.1

30m

-2.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.6+0.7-0.1+2.1-1.5

Next day

+0.3+0.9-0.6+1.1-0.7

+1.6+0.6+1.0-0.2+1.8

-3.8-0.8-3.0-2.4-1.4

-3.8-0.4-3.4-1.1-2.7

-4.1+0.2-4.3-0.9-3.2

-8.1+1.4-9.5-0.4-7.7

15d

-12.1+4.2-16.3-4.5-7.7

-3.1+6.3-9.4-1.8-1.3

+5.9+11.3-5.5-1.6+7.5

+49.3+14.0+35.3+11.6+37.6

UpDownMarket · Nifty Microcap 250Sector · Other Construction Materials peers, median of 14Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.