Announced Thu, 25 Jun · 16:59 IST

Entire board replaced at Glittek Granites after change in control

Ceo ResignedCfo ResignedCeo Appointed ExternalMultiple Ind Directors ResignedPromoter Family Board EntryKmp ResignedManagement Changes View source PDF

Price

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

Price reaction · full curve 14 horizons · vs prior close

+4.0%1-day move

₹39.69

prior close

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base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————+4.0+6.1+8.2+10.3+12.5+17.1+36.1———

Up moveDown movePending

AI summary

Entire old board of Glittek Granites resigned on June 25, 2026 following change in management and control after open offer. Two Managing Directors, three Independent Directors and the CFO stepped down. Thanki family from Rawmin Mining group replaces them: Bhargav Thanki as MD, plus Executive Directors and CFO Gautam Thanki. Three new Independent Directors also appointed. Company proposes name change to Rawmin Neo Elements Limited and shift of registered office from Karnataka to Maharashtra.

Likely market impact

Complete management change with new promoter group from Rawmin Mining taking control. Likely business pivot towards mining and critical minerals.