Announced Thu, 25 Jun · 16:34 IST
Glittek Granites board overhaul: Thanki family takes control after open offer
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
—
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 had a full board change on June 25, 2026 after a change in control from an open offer. Both Managing Directors Ashoke and Tushar Agarwal, three Independent Directors, and CFO Ashok Modi resigned. Three Thanki cousins joined as Chairperson, Managing Director, and Whole-time Director, plus three new Independent Directors and a new CFO. Company may be renamed to Rawmin Neo Elements and shift registered office from Karnataka to Maharashtra.
Likely market impact
Major management shift toward mining and critical minerals focus. EGM coming for shareholder approval of name change and new board.