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.
Key Highlights
- Board approved appointment of new Chairperson, MD, and Whole-time Directors.
- Several independent directors and a new CFO have been appointed.
- Resignations of existing MDs, CFO, and independent directors were accepted.
- Change in management and controlling shareholders noted post Open Offer.
Price Impact
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