SELLING OF SHARES BY PROMOTER
Price
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Awaiting price reaction for this filing.
Promoter and Managing Director Mr. Ashoke Agarwal has sold 148,803 equity shares of Glittek Granites through the stock exchange on December 22 and 23, 2025. He sold 31,490 shares at Rs. 12.22 on Dec 22 and 117,313 shares at Rs. 11.66 on Dec 23, taking the total proceeds to roughly Rs. 17.5 lakhs. This is part of a larger planned sale of up to 5,00,000 shares, with 3,51,197 shares still to be offloaded in coming days. Before the transaction, the promoter held 9,74,691 shares in the company. The company has confirmed that the shares sold so far amount to less than 2% of the total paid-up equity capital and that the trades were executed in a compliant, transparent manner via the open market route.
Promoter is gradually reducing his stake, which is a mild negative signal for retail investors, though the size of the sale is small relative to the company's overall capital. Investors should watch for further tranches of the remaining 3.51 lakh shares in the coming days, which could pressure the stock price.