Glittek Granites Ltd — Important, 01-01-1970: Company Update

Acquirers, alongside Rawmin Mining And Industries Private Limited (PAC), have launched an open offer for Glittek Granites Limited to acquire up to 67.50 lakh shares (26% of equity) at ₹12.65 per share in cash, totaling ₹8.54 Crore. This follows their agreement to acquire a 62.99% stake from current promoters for ₹20.68 Crore. The acquisition targets a change in control and plans to expand Glittek Granites' mining and mineral products business. Post-offer, Acquirers will hold 88.99% of shares, requiring actions to maintain minimum public shareholding and listing. The tendering period is May 19 to June 2, 2026. Independent directors will assess the offer.