Announced Thu, 25 Jun · 16:41 IST
Glittek Granites: Complete board overhaul as new promoters take control
Cfo ResignedCeo 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 saw a complete change of guard on June 25, 2026, as the Agarwal family exited after open offer completion. Both Managing Directors (Ashoke and Tushar Agarwal), three Independent Directors, and the CFO resigned. Three Thanki cousins (Maheshkumar, Bhargav, Bhavin) joined as Executive Directors, with Bhargav as MD. Gautam Thanki became new CFO. Board also approved a name change to a Rawmin entity and shifting of registered office from Karnataka to Maharashtra.
Likely market impact
Full management takeover by new promoter group. Expect business pivot from granites to mining and critical minerals, plus company rename.