Glittek Granites Appoints New Directors and CFO, Notes Promoter Change
Glittek Granites Limited announced significant management changes following a Board Meeting on June 25, 2026. The company approved the appointment of several new directors, including Maheshkumar Jatashankar Thanki as Chairperson and Whole-time Director, Bhargav Girjashankar Thanki as Managing Director, Bhavin Harihar Thanki as Whole-time Director, Dr. Deependra Singh and Sunil Kumar Bansal as Independent Directors, and Mrs. Kavita Rakesh Shah as Woman Independent Director. Gautam Thanki was appointed as the Chief Financial Officer. These appointments are subject to shareholder approval and are effective from June 25, 2026, for a term of five years. The board also accepted the resignations of six key personnel, including Managing Directors Ashoke Agarwal and Tushar Agarwal, and CFO Ashok Kumar Modi. Additionally, the company noted a change in management and controlling shareholders/promoter group due to the completion of an Open Offer process.
Key Highlights
- Board approved appointment of new Chairperson, MD, Whole-time Directors, and CFO.
- Six directors and the CFO have resigned from their positions.
- Appointments are subject to shareholder approval.
- Change in management and controlling shareholders noted.
- All new appointees are not debarred from holding directorships.
Price Impact
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