Glittek Granites Ltd — Important, 13-01-2026: Company Update

A group of acquirers and Rawmin Mining And Industries Private Limited have launched an Open Offer for 26% of Glittek Granites Limited's equity at ₹12.65 per share, a total of approximately ₹8.54 Cr. This follows their acquisition of 62.99% from existing promoters for around ₹20.68 Cr, bringing their total stake to 88.99%. This transaction targets management control and business diversification, leveraging the acquirers' mining expertise. Glittek Granites will remain listed, and the acquirers intend to ensure public shareholding meets the required 25% threshold.