StockWatch
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Other Construction Materials
Shareholding29 Jun 2026, 04:24 pm

Glittek Granites: Sellers Dispose 62.99% Stake in Off-Market Deal

AI Summary

Glittek Granites Limited announced that the Sellers, including Ashoke Agarwal, Manjula Agarwal, Tushar Agarwal, Ashoke Agarwal & Others HUF, and Kosen Ventures Private Limited, have sold and transferred an aggregate of 1,63,51,010 equity shares, representing 62.99% of the total equity share capital and voting rights. This transaction was executed through an off-market deal on June 26, 2026, in favor of the Acquirers. Following this sale, the Sellers have ceased to be part of the Promoter and Promoter Group. The Acquirers, along with Rawmin Mining And Industries Private Limited (PAC), have now become the new Promoter and Promoter Group of the Company. This disclosure is made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Key Highlights

  • Sellers offloaded 62.99% stake in Glittek Granites Limited.
  • Transaction involved 1,63,51,010 equity shares via an off-market deal.
  • New promoters and promoter group have taken control of the company.
  • The change in shareholding is effective from June 26, 2026.