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Awaiting price reaction for this filing.
Promoter and Managing Director Mr. Ashoke Agarwal has sold an additional 1,60,000 equity shares of Glittek Granites Ltd on 24 December 2025 through the stock exchange open market mechanism, at a total value of approximately Rs. 17.89 lakh (around Rs. 11.18 per share). This is part of a larger planned disposal of 5,00,000 shares, of which 1,48,803 shares were sold earlier, and 1,91,197 shares are still to be sold in coming days. Prior to this transaction, the promoter held 8,25,888 shares (11.18% stake) in the company. The company has confirmed that these open market sales are fully compliant with SEBI insider trading and takeover regulations, including minimum notice period and completion timeline requirements.
Continued promoter selling signals lack of confidence or portfolio rebalancing, which is generally negative for retail sentiment. Shareholders should monitor remaining sales of 1,91,197 shares over coming days as further supply pressure could weigh on the stock price.