Glittek Granites Ltd — Important, 07-01-2026: Company Update

Glittek Granites Limited has received a public announcement for an open offer from a group of acquirers and a person acting in concert. They are offering to acquire up to 67.50 lakh equity shares, representing 26% of the company's capital, at ₹12.65 per share, totaling approximately ₹8.54 Cr. This offer follows an underlying transaction where the acquirers purchased 1.63 Cr shares, or 62.99% of the company, from the existing promoters for about ₹20.68 Cr. This transaction will lead to a change in company control, with the acquirers becoming the new promoter group. The company aims to remain listed.