Glittek Granites Board Meet May 21, 2026: Audited Results

Board meeting scheduled for May 21, 2026

Glittek Granites Ltd has informed the market that its Board of Directors will meet on May 21, 2026 at 11:00 AM. The meeting is slated to consider the company’s audited financial results for the quarter and year ended March 31, 2026. The stock is listed on BSE under security code 513528. For investors, the audited numbers will be a key update after multiple corporate disclosures during FY2026.

What the board will consider

As per the company’s intimation, the agenda includes consideration of the audited financial results for the quarter and full year ended March 31, 2026. Audited annual results typically provide the most complete view of the year, including auditor-reviewed financial statements and year-end accounting adjustments. With the company also having announced a major promoter-level transaction earlier in 2026, the audited results are likely to be tracked closely for continuity and disclosure detail.

Earlier FY2026 results meetings already held

Before the May 2026 audited-results meeting, Glittek Granites had also scheduled a board meeting for Saturday, February 13, 2026 at 11:30 AM. That meeting was intended to consider, take on record, and approve unaudited (provisional) financial results for the third quarter and nine-month period ended December 31, 2025. The company later stated that the board adopted the unaudited financial results for the quarter and nine months ended 31.12.2025 in accordance with Ind-AS.

Major ownership change: 62.99% stake sale approved

A key corporate development in calendar 2026 was a significant ownership transition. Glittek Granites stated that its Board approved a Share Purchase Agreement (SPA) on January 6, 2026 for sale of 1,63,51,010 equity shares, representing 62.99% of the fully paid-up share capital. The disclosure described a transfer of control from the existing Agarwal family promoters to members of the Thanki family, subject to regulatory approvals.

The sellers were named as Manjula Agarwal, Tushar Agarwal, Ashoke Agarwal, and Kosen Ventures Private Limited. The acquirers were listed as Maheshkumar Jatashankar Thanki, Bhargav Girjashankar Thanki, and other Thanki family members. The company also indicated that the transaction was pending approvals, including those under SEBI takeover regulations.

Corrected Form C disclosure on share disposal

Alongside the SPA announcement, the company also filed a corrected Form C disclosure regarding shareholding changes. The disclosure stated that Managing Director Ashoke Agarwal disposed of 8,25,888 equity shares through on-market transactions. Despite the disposal, the same filing stated that his percentage holding increased from 2.56% to 11.18%, citing revised baseline calculations in the regulatory document.

The company also clarified that Mr. Ashoke Agarwal continues in his role as Managing Director.

FY2025-26 volatility: Q2 loss after Q1 profit

Glittek Granites reported a net loss of Rs 40.18 lakh (Rs 0.4018 crore) for Q2 FY2025-26, compared with a profit of Rs 5.28 lakh (Rs 0.0528 crore) in Q1. It also reported that total income decreased by 68.05% to Rs 23.02 lakh (Rs 0.2302 crore), even as the company stated that revenue from operations increased by 140.73%.

The company said these unaudited results were approved by the board at a meeting held on November 10, 2025 and were subject to limited review by statutory auditors GRV & PK Chartered Accountants, who issued an unmodified review report.

Compliance update: directors’ non-disqualification certificate

Glittek Granites also disclosed a compliance filing for the financial year ended March 31, 2026. The company submitted a certificate of non-disqualification of directors, issued by practicing company secretary Kriti Daga. The certificate confirmed that none of the directors were disqualified by SEBI, MCA, or other authorities, as stated in the disclosure. Such filings are standard governance checks but gain relevance during periods of promoter transitions and board changes.

Market snapshot: price move and company profile

On the market side, the company’s share price was reported to have moved up by 4.92%, from a previous close of Rs 8.73 to a last traded price of Rs 9.16. The company was described as incorporated in 1990, categorized as a Small Cap with a market cap of Rs 22.66 crore, and operating in the Mining sector.

The company’s address was listed as 224, A. J. C Bose Road, Krishna-711, Kolkata 700017, with website http://www.glittek.com.

Key facts table

Timeline of recent disclosures

Why the May 2026 audited results matter

The May 21, 2026 board meeting is an important disclosure point because it will bring audited numbers for the full year ended March 31, 2026 into the public domain. This comes after a year that included promoter-level stake sale announcements, changes disclosed through regulatory forms, and quarterly performance swings such as the Q2 FY2025-26 loss following a Q1 profit.

From a market perspective, audited results can clarify how one-off items, year-end provisions, and accounting classifications affect the final annual performance. They can also help investors connect operational disclosures with reported outcomes, especially when the company has seen changes in control pending regulatory approvals.

Conclusion

Glittek Granites’ May 21, 2026 board meeting will focus on audited financial results for the quarter and year ended March 31, 2026. The announcement follows a sequence of FY2026 disclosures including an SPA for transfer of 62.99% stake, periodic unaudited results meetings, and governance filings such as the directors’ non-disqualification certificate. The next concrete update is expected after the board considers and finalises the audited numbers at the scheduled meeting.