As per Attachment
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Glittek Granites Ltd has informed the stock exchange that its Promoters and Persons Acting in Concert (PAC) intend to sell 5,00,000 (five lakhs) equity shares of the company. This sale represents 1.92% of the company's paid-up equity capital and will be executed through the stock exchange mechanism. The disclosure has been made under SEBI Listing Obligations, Takeover Regulations, and Insider Trading Regulations.
A promoter sell-off of nearly 2% of equity through the open market is generally viewed as a negative sentiment signal by retail investors, as it may indicate reduced promoter confidence. It could create short-term selling pressure on the stock, though the actual price impact will depend on market conditions and the manner of execution.