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Awaiting price reaction for this filing.
Promoter and Managing Director Mr. Ashoke Agarwal sold an additional 1,60,000 equity shares of Glittek Granites Ltd on 24 December 2025 through the stock exchange open market route at a value of approximately Rs. 17.89 lakh. This is part of a larger planned divestment of 5,00,000 shares that was first intimated on 9 December 2025, of which 1,48,803 shares had already been sold earlier. A further 1,91,197 shares are expected to be sold in coming days. Before this sale, Mr. Agarwal held 8,25,888 shares representing 11.18% of the company. The company has confirmed cumulative sales remain under 2% of total paid-up equity capital and were executed in compliance with SEBI insider trading and takeover regulations.
This is a moderate promoter sell-down that has already been flagged in advance, so it should not surprise the market. Existing shareholders should note that further tranches (about 1.91 lakh shares) are still pending, which could keep mild short-term supply pressure on the stock. Post-sale, the promoter holding will fall further from the earlier 11.18% level.