Description
BSE announces the Offer to Buy (OTB) acquisition window schedule for GLITTEK GRANITES LTD (scrip code 513528), open from 19th May 2026 to 2nd June 2026 at an offer price of Rs. 12.65 per share for up to 67,50,000 equity shares.
Summary
BSE has announced the Offer to Buy (OTB) – Acquisition Window (Takeover) schedule for GLITTEK GRANITES LTD (Symbol: GLITTEKG, Scrip Code: 513528, ISIN: INE741B01027). The offer opens on Tuesday, 19th May 2026 and closes on Tuesday, 2nd June 2026. The offer price is Rs. 12.65 per share for up to 67,50,000 equity shares with a face value of Rs. 5.00.
Key Points
- Security: GLITTEK GRANITES LTD | Symbol: GLITTEKG | Scrip Code: 513528 | ISIN: INE741B01027
- Offer Size: Up to 67,50,000 equity shares
- Offer Price: Rs. 12.65 per share
- Face Value: Rs. 5.00
- Market Lot: 1
- Bid Offering Period: 19th May 2026 to 2nd June 2026 (9:15 AM – 3:30 PM)
- Give-up (last day): 19th May 2026 to 1st June 2026 (9:15 AM – 3:30 PM)
- Take-up (last day): 2nd June 2026 (9:15 AM – 3:30 PM)
- Take-up extended session on 2nd June 2026: 9:15 AM – 4:00 PM
- Bidding categories include FII, FI, MF, IC, OTH (QIBs), NOH (NIB), CO (Company), and IND (Individual)
Regulatory Changes
No new regulatory changes introduced. This notice operationalizes an existing OTB mechanism under exchange rules. Trading members should refer to Exchange Notice No. 20150930-1 (dated 30 September 2015) and No. 20170203-29 (dated 3 February 2017) for operational instructions.
Compliance Requirements
- Trading Members must ensure the UCC (Unique Client Code) of each investor is registered and updated with the correct PAN Number and Category in the Exchange UCC database.
- Members can only bid for investors holding shares in demat form.
- Members and Custodians should note that if no securities are accepted, no End of Issue files will be generated on the Extranet.
- Extranet files for bid acceptance will be available only after confirmation of acceptance is received from the Merchant Banker/RTA post issue closure.
- For Leased Line URL access settings, refer to Exchange Circular No. 20170503-12.
Important Dates
| Event | Date | Timings |
|---|---|---|
| Bid Offering Opens | Tuesday, 19th May 2026 | 9:15 AM – 3:30 PM |
| Bid Offering Closes | Tuesday, 2nd June 2026 | 9:15 AM – 3:30 PM |
| Give-up Period | 19th May – 1st June 2026 | 9:15 AM – 3:30 PM |
| Take-up (last day) | 2nd June 2026 | 9:15 AM – 4:00 PM |
Impact Assessment
This circular directly impacts trading members and custodians participating in the GLITTEK GRANITES LTD takeover offer. The offer covers up to 67,50,000 equity shares at Rs. 12.65 per share, indicating a potential total acquisition outlay of approximately Rs. 85.4 crore. Members need to be operationally ready on the iBBS platform (internet: ibbs.bseindia.com) or RTRMS (internet: rtrms.bseindia.com) by 19th May 2026. Contact for operational support: Trading Operations at 022-22728005 or user.trdops@bseindia.com.
Impact Justification
This is a live takeover acquisition window notice affecting GLITTEK GRANITES LTD shareholders and trading members, with a defined bidding period and specific operational requirements for participation.