Announced Thu, 25 Jun · 16:55 IST
Glittek Granites announces full board change after Thanki takeover
Ceo ResignedCfo ResignedCeo Appointed ExternalMultiple Ind Directors ResignedPromoter Family Board EntryKmp ResignedManagement Changes View source PDF
Price
▲ 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
Glittek Granites saw a complete board and management change on 25 June 2026 after the Thanki family completed their open offer takeover. Two MDs, three independent directors and the CFO resigned. Three Thanki cousins join as executive directors, with a nephew as CFO and three new independent directors. The company plans to rename to Rawmin Neo Elements Limited, shift office from Bengaluru to Mumbai, and alter business objects.
Likely market impact
Full board replaced after Thanki family takeover. Three cousins lead as executive directors. Name change to Rawmin Neo Elements Limited planned.