Glittek Granites Limited has filed an official Form C disclosure under SEBI (Prohibition of Insider Trading) Regulations, 2015, revealing a significant share disposal transaction by Managing Director and Promoter Mr. Ashoke Agarwal. The regulatory filing shows corrected shareholding calculations that resulted in an increased percentage holding despite share disposal.

Transaction Details and Timeline

According to the official Form C filing under Regulation 7(2), Managing Director Mr. Ashoke Agarwal disposed of 8,25,888 equity shares through on-market transactions on December 24, 2025. The company received intimation of this transaction on December 26, 2025.

Corrected Shareholding Pattern

The official regulatory filing reveals corrected baseline shareholding figures for Mr. Ashoke Agarwal. Despite disposing of shares, his percentage holding increased from 2.56% to 11.18% due to revised calculations in the regulatory document.

Regulatory Compliance Framework

The transaction maintains full compliance with SEBI regulations. Glittek Granites Limited has filed the mandatory disclosure under SEBI (Prohibition of Insider Trading) Regulations, 2015 to ensure transparency in promoter shareholding reporting.

Derivative Trading Status

The Form C filing confirms no derivative trading activity was undertaken by the promoter during this period. The derivatives section shows "NA" indicating no futures or options contracts were executed by Mr. Ashoke Agarwal.

Mr. Ashoke Agarwal continues in his role as Managing Director while maintaining his revised shareholding position in Glittek Granites Limited. The corrected filing demonstrates the company's commitment to accurate regulatory compliance and transparency in insider trading disclosures.

Glittek Granites Limited , a company operating in the granite industry, has reported its financial results for the second quarter of the fiscal year 2025-26. The company faced challenges during this period, as reflected in its financial performance.

Financial Performance

The company reported a net loss of Rs 40.18 lakhs for the quarter ended September 30, 2025, a significant downturn from the profit of Rs 5.28 lakhs recorded in the previous quarter. This decline in profitability comes alongside a decrease in total income and relatively stable expenses.

Here's a breakdown of the key financial metrics:

All figures in Rs lakhs

Despite the increase in revenue from operations, the company's total income, including other income, decreased from Rs 72.05 lakhs in the previous quarter to Rs 23.02 lakhs in Q2 FY2025-26.

Half-Year Performance

For the half-year period ended September 30, 2025, Glittek Granites reported a cumulative loss of Rs 34.90 lakhs. This marks an improvement compared to the loss of Rs 1,568.51 lakhs recorded in the corresponding period of the previous year.

Balance Sheet Highlights

The company's balance sheet as of September 30, 2025, shows some notable changes:

• Cash and cash equivalents decreased to Rs 601.33 lakhs from Rs 971.67 lakhs as of March 31, 2025.
• The company's total assets stood at Rs 1,212.63 lakhs, down from Rs 1,319.96 lakhs at the end of the previous fiscal year.
• Current liabilities decreased to Rs 79.53 lakhs from Rs 166.29 lakhs.

Board Approval and Audit Review

The Board of Directors of Glittek Granites Limited approved these unaudited financial results at their meeting held on November 10, 2025. The results have undergone a limited review by the company's statutory auditors, M/s. GRV & PK Chartered Accountants, who have issued an unmodified review report.

Outlook

While the company has seen a reduction in its half-yearly losses compared to the previous year, the quarterly performance indicates ongoing challenges. The management may need to focus on cost control measures and revenue enhancement strategies to improve profitability in the coming quarters.