Glittek Granites diversifies into BESS, Rs 150 crore project; new auditors, RTA change

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Price reactionminutes from the announcement price · days from the prior close

-2.0%Reaction day

₹69.03

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-2.1% vs market

Other Construction Materials peers, median of 17sector-1.4%-0.6% vs sector

On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 0.6 pts less than its Other Construction Materials peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-2.0+0.1-2.1-1.4-0.6

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-5.9+0.6-6.4-0.1-5.8

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+6.7-0.6+7.2+0.5+6.1

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UpDownMarket · Nifty Microcap 250Sector · Other Construction Materials peers, median of 17Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved Q1 FY27 results (clean limited review, no exceptional items). New statutory auditor R.R. Tibrewala and secretarial auditor KJB & Co LLP appointed for 5 years amid management change. RTA switches from MCS to MUFG Intime India. New corporate office in Ahmedabad. Diversifies into Battery Energy Storage Systems and solar EPC, with Rs. 150 crore estimated project cost and 10-12 month gestation. Registered office shifting to Maharashtra.

Likely market impact

Major pivot into energy storage with Rs. 150 crore spend; multiple governance changes amid management transition. Watch execution.