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 Ltd through the stock exchange on December 22 and 23, 2025. Of these, 31,490 shares were sold at Rs. 12.22 each (Rs. 3.85 lakh) on December 22, and 117,313 shares were sold at Rs. 11.66 each (Rs. 13.68 lakh) on December 23. The promoter originally intimated intent to sell up to 5,00,000 shares, and the remaining 351,197 shares are expected to be sold in coming days. The company confirms the total sale represents less than 2% of the total paid-up equity share capital and was executed via the open market route in compliance with SEBI regulations. The promoter held 974,691 shares (3.18%) before the sale.
Continued promoter selling, with the remaining 351,197 shares yet to be offloaded, could create short-term supply pressure on the stock and signals promoter exit/de-risking. However, the sale size is small relative to total company capital, so the broader impact on shareholders should be limited.