Latest news about Glittek Granites
Glittek Granites
41.40
-0.28(-0.67%)
Company Performance:
View Company Insights1D-0.67%
1M-11.60%
6M+185.12%
1Y+620.00%
5Y+1,715.79%
More news about Glittek Granites
13Feb 26
Glittek Granites Reports Q3 FY26 Net Loss of ₹30.37 Lakhs, Shows Improvement from Previous Year
Glittek Granites Limited announced Q3 FY26 results showing substantial improvement with net loss of ₹30.37 lakhs versus ₹349.29 lakhs in Q3 FY25. Despite no operational revenue, the company reduced total expenses from ₹397.55 lakhs to ₹46.03 lakhs. The nine-month performance also improved significantly with loss reduction from ₹1,917.80 lakhs to ₹65.27 lakhs, indicating better cost management despite operational challenges.
13Jan 26
Glittek Granites Open Offer: Thanki Group Announces ₹853.88 Crore Acquisition at ₹12.65 Per Share
Six acquirers led by Maheshkumar Jatashankar Thanki have announced a mandatory open offer for Glittek Granites Limited at ₹12.65 per share, seeking to acquire 26% stake worth ₹853.88 crores. The offer follows acquisition of 62.99% controlling stake from existing promoters for ₹2,068.40 crores. The acquirers bring extensive mining industry experience and have established robust financial arrangements with ₹213.50 crores deposited in escrow. The offer period runs from March 10-24, 2026.
13Jan 26
Glittek Granites Open Offer: Thanki Group Announces ₹853.88 Crore Acquisition at ₹12.65 Per Share
Six acquirers led by Maheshkumar Thanki announced a mandatory open offer for 67.5 lakh shares of Glittek Granites at ₹12.65 per share, totaling ₹853.88 crores. The offer follows their acquisition of 62.99% stake from existing promoters and aims to leverage their mining expertise to expand the granite manufacturer's operations while maintaining listing status.
13Jan 26
Thanki Group Launches ₹853.88 Crore Open Offer for Glittek Granites at ₹12.65 Per Share
Six acquirers led by Maheshkumar Thanki have launched a mandatory open offer for 67.50 lakh shares (26%) of Glittek Granites at ₹12.65 per share, valued at ₹853.88 crores. The offer follows their acquisition of 62.99% stake from existing promoters for ₹2,068.40 crores. The mining industry veterans, supported by Rawmin Mining with ₹3,677.21 lakhs net worth, aim to expand the granite manufacturer's business using their mineral trading expertise. The offer runs March 10-24, 2026, with completion potentially giving acquirers 88.99% control of the Bengaluru-based company.
09Jan 26
Glittek Granites Submits Q3FY26 Corporate Governance and Compliance Reports
Glittek Granites Ltd submitted quarterly compliance reports for Q3FY26 ended December 31, 2025, including corporate governance report, shareholding pattern, and SDD compliance certificate under SEBI regulations. The company's registrar MCS Share Transfer Agent Limited confirmed dematerialization compliance under SEBI Depositories and Participants Regulations, 2018.
07Jan 26
Glittek Granites Open Offer: Acquirers Launch ₹85.39 Crore Mandatory Bid at ₹12.65 per Share
Glittek Granites Limited faces a change in control as six acquirers announce a mandatory open offer for 26% equity at ₹12.65 per share, totaling ₹8.54 crores. The offer, managed by Vivro Financial Services, follows a Share Purchase Agreement for 62.99% stake acquisition worth ₹20.68 crores from existing promoters, with regulatory compliance ensured under SEBI SAST Regulations.
06Jan 26
Glittek Granites Ltd Announces Sale of 62.99% Equity Stake to Thanki Family
Glittek Granites Ltd has executed a major ownership transition with the sale of 62.99% equity stake to the Thanki family. The Board approved the share purchase agreement involving 1,63,51,010 equity shares, transferring control from existing Agarwal family promoters to six Thanki family members, subject to regulatory approvals.
29Dec 25
Glittek Granites MD Disposes 8.26L Shares: Shareholding Rises to 11.18%
Glittek Granites Limited filed a corrected Form C disclosure showing Managing Director Ashoke Agarwal disposed of 8,25,888 equity shares through on-market transactions. Despite the share disposal, his percentage holding increased from 2.56% to 11.18% due to revised baseline calculations in the regulatory document.
10Nov 25
Glittek Granites Reports Q2 FY2025-26 Loss of Rs 40.18 Lakhs Amid Revenue Decline
Glittek Granites Limited reported a net loss of Rs 40.18 lakhs for Q2 FY2025-26, compared to a profit of Rs 5.28 lakhs in Q1. Total income decreased by 68.05% to Rs 23.02 lakhs, despite a 140.73% increase in revenue from operations. Half-year losses improved to Rs 34.90 lakhs from Rs 1,568.51 lakhs in the previous year. The company's cash and total assets decreased, while current liabilities reduced. The Board approved these unaudited results on November 10, 2025, with a limited review by statutory auditors.
13Aug 25
GLITTEK GRANITES Reports Profit in Q1 Amid Significant Revenue Decline
Glittek Granites achieved a turnaround in Q1 FY2024, reporting a net profit of Rs 5.28 lakhs despite a 95.50% year-over-year revenue decline to Rs 4.68 lakhs. The profit was largely attributed to a significant increase in other income to Rs 67.36 lakhs and an 84.29% reduction in total expenses. The company's total comprehensive income reached Rs 18.02 lakhs, compared to a loss of Rs 313.59 lakhs in the same period last year. The board adopted these unaudited financial results on August 13.
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