Glittek Granites Limited , a company in the granite industry, has announced a significant move by its promoters and persons acting in concert. The group plans to sell 5,00,000 equity shares, representing 1.92% of the company's paid-up equity capital, through the stock exchange mechanism.

Key Points of the Share Sale

• Number of Shares: 5,00,000
• Percentage of Paid-up Equity: 1.92%
• Mode of Sale: Stock exchange mechanism

This decision comes in compliance with SEBI listing obligations and takeover regulations, demonstrating the company's adherence to regulatory requirements.

Recent Financial Overview

An analysis of Glittek Granites' recent balance sheet data reveals some interesting trends:

The company has experienced significant changes in its financial position:

1. Asset Reduction: Total assets have decreased by 50.93%, indicating a substantial reduction in the company's overall asset base.
2. Equity Increase: Despite the asset reduction, total equity has more than doubled, showing a 130% increase.
3. Liability Decrease: Current liabilities have decreased dramatically by 90.23%, suggesting a significant reduction in short-term obligations.
4. Fixed Asset Reduction: Fixed assets have seen a sharp decline of 96.43%, which could indicate asset sales or write-offs.

These financial changes provide context to the promoters' decision to sell shares. The substantial increase in equity coupled with decreased assets and liabilities suggests a significant restructuring of the company's financial position.

The planned share sale by the promoters may be part of this ongoing financial restructuring or could be motivated by other factors not evident from the available data. Investors and market watchers will likely be keen to observe how this share sale impacts the company's stock price and overall market perception.

As always, it's important for investors to conduct thorough research and consider multiple factors before making investment decisions based on such corporate actions.

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.