As per attachment

Open 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 Ltd has received a mandatory Open Offer from 6 individuals (Maheshkumar, Bhargav, Bhavin, Kalpana, Hema, and Gautam Thanki) along with Rawmin Mining and Industries Private Limited (PAC). The offer is to acquire up to 67,50,000 equity shares (26% of share capital) at Rs. 12.65 per share in cash. The total maximum consideration is Rs. 8.54 crore. This Open Offer has been triggered under SEBI (SAST) Regulations following an underlying Share Purchase Agreement (SPA) dated January 6, 2025, where the Acquirers agreed to purchase 62.99% stake (1,63,51,010 shares) from the existing promoters (Manjula Agarwal, Tushar Agarwal, Ashoke Agarwal, Ashoke Agarwal HUF, and Kosen Ventures) at the same price of Rs. 12.65 per share, for Rs. 20.68 crore. The tendering period opens on May 19, 2026 and closes on June 2, 2026. No statutory approvals are currently required for the offer.

Likely market impact

This represents a change of control at Glittek Granites, with the Thanki family and Rawmin Mining set to acquire a majority stake. Existing public shareholders have the option to tender at Rs. 12.65, which aligns with the prevailing market price, and can expect payment by June 16, 2026 if shares are accepted.