Announced Thu, 25 Jun, 2026 · 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 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

+2.0%Reaction day

₹39.69

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+2.3% vs market

Other Construction Materials peers, median of 14sector-1.1%+3.1% vs sector

On the reaction day the stock moved 2.3 pts more than Nifty Microcap 250 and 3.1 pts more 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

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.0-0.3+2.3-1.1+3.1

Next day

+4.0+0.8+3.3-0.5+4.5

+6.1+0.9+5.2+0.3+5.8

+8.2+1.8+6.4+0.3+7.9

+10.3+1.5+8.9+0.7+9.6

+12.5+1.7+10.9+0.4+12.1

+17.1-1.1+18.2-2.2+19.2

15d

+36.1+1.0+35.1-1.0+37.1

+54.6+0.4+54.3+1.1+53.5

+64.9+6.4+58.6+1.9+63.0

+101.3+5.5+95.8+11.9+89.4

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

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.