
Management Change25 Jun 2026, 05:00 pm
Glittek Granites Appoints New Directors, CFO; MDs & Directors Resign
AI Summary
Glittek Granites Limited announced significant changes in its board and management following a board meeting on June 25, 2026. The company approved the appointment of several new directors, including an Executive Chairperson, Managing Director, Whole-time Directors, and Independent Directors, subject to shareholder approval. Additionally, a new Chief Financial Officer has been appointed. Concurrently, the board accepted the resignations of the Managing Directors, Independent Directors, and the CFO. These changes follow the completion of an Open Offer and a change in controlling shareholders.
Key Highlights
- New directors and CFO appointed, pending shareholder approval.
- Managing Directors, Independent Directors, and CFO have resigned.
- Changes follow completion of an Open Offer and change in control.
- Board meeting held on June 25, 2026, approved the changes.
- Significant overhaul of top management and board structure.
Price Impact
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