StockWatch
·
Other Construction Materials
Shareholding30 Jun 2026, 11:44 am

Glittek Granites: Promoters Sell 62.99% Stake in Off-Market Deal

AI Summary

Glittek Granites Limited has disclosed a significant change in its promoter group. Ashoke Agarwal & Others, along with Kosen Ventures Private Limited, have sold an aggregate of 1,63,51,010 equity shares, representing 62.99% of the company's total equity share capital and voting rights. This transaction was executed through an off-market deal on June 25, 2026, pursuant to a Share Purchase Agreement dated January 6, 2026. The sellers have ceased to be part of the Promoter and Promoter Group, while the acquirers, along with Rawmin Mining And Industries Private Limited (PAC), have now become the new promoter group. The total equity share capital of the company remains unchanged at 2,59,59,400 shares.

Key Highlights

  • Promoter group sold 62.99% stake in Glittek Granites.
  • Transaction involved 1,63,51,010 equity shares via off-market deal.
  • New promoter group includes acquirers and Rawmin Mining And Industries.
  • Sellers cease to be part of the Promoter and Promoter Group.
  • Deal executed on June 25, 2026, following a January 6, 2026 SPA.