Maheshkumar Thanki & Others Acquire 70.59% Stake in Glittek Granites

Maheshkumar Thanki and a group of individuals and entities, including Rawmin Mining And Industries Private Limited, have collectively acquired a substantial 70.59% stake in Glittek Granites Limited. The acquisition involved off-market transactions and shares acquired from public shareholders through an Open Offer process. The total number of shares acquired amounts to 1,83,24,613, representing 70.59% of the total share capital. The total diluted share capital of the company remains unchanged at 2,59,59,400 shares post-acquisition. This significant stake acquisition by Maheshkumar Thanki and associated parties triggers disclosures under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.