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

A group of acquirers, led by Maheshkumar Jatashankar Thanki and Rawmin Mining And Industries Private Limited, have initiated a mandatory open offer to acquire an additional 26% stake in Glittek Granites Limited at ₹12.65 per share, totaling approximately ₹8.54 Cr. This follows their earlier acquisition of 62.99% for about ₹20.68 Cr. If fully accepted, the acquirers will own 88.99% of the company, with plans to expand its mining and mineral products business. The public shareholding will fall below the required minimum, which they plan to restore. The company recently reported half-year revenue of ₹95.06 Lakh and a net loss of ₹34.90 Lakh.