Announced Wed, 15 Jul · 12:59 IST
Three Independent Directors resign amid change of control at Glittek Granites
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
₹49.93
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+4.0+6.1+8.2+10.3+12.5+17.1————
Up moveDown movePending
AI summary
Glittek Granites submitted a revised disclosure to BSE regarding the resignation of all three Independent Directors — Siddhartha Agarwal, Manish Killa, and Malvika Sureka — effective close of business on June 25, 2026. The resignations follow a proposed acquisition of a majority stake by incoming shareholders and the completion of an open offer under SEBI Takeover Regulations, 2011. BSE had asked for additional information under its November 2024 and January 2026 circulars.
Likely market impact
Change of control is underway; three Independent Directors have exited, signalling a likely board restructuring by the incoming shareholders.