Glittek Granites: IDC Recommends Open Offer at ₹12.65

Vivro Financial Services, manager to the open offer for Glittek Granites, submitted the Committee of Independent Directors (IDC) recommendations to the BSE. The IDC's recommendation, published on May 14, 2026, relates to the open offer by Maheshkumar Jatashankar Thanki and others to acquire up to 67,50,000 equity shares (26% of equity share capital) at ₹12.65 per share, totaling ₹8,53,87,500. The IDC members have disclosed their relationships with the target company and acquirers, stating no conflict of interest.