Glittek Granites Ltd — Important, 12-05-2026: Company Update

An Open Offer for Glittek Granites is underway from Maheshkumar Jatashankar Thanki and associates, including Rawmin Mining And Industries (PAC). They seek to acquire 67.50 lakh shares (26% equity) at ₹12.65 per share, totaling ₹8.54 crore in cash. This offer stems from a change in control, as the Acquirers previously agreed to buy 62.99% from existing promoters. The new owners plan to expand into mining and mineral products. Public shareholding will decrease, but the company's listing status is intended to be maintained with compliance. An independent directors' committee will provide its opinion on the offer.