Glittek Granites Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Ashoke Agarwal

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	34.1yrs
CEO ownership	9.5%
Management average tenure	no data
Board average tenure	2.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ashoke Agarwal's remuneration changed compared to Glittek Granites's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-₹202m
Jun 30 2024	n/a	n/a	-₹88m
Mar 31 2024	n/a	n/a	-₹61m
Dec 31 2023	n/a	n/a	-₹25m
Sep 30 2023	n/a	n/a	-₹7m
Jun 30 2023	n/a	n/a	-₹13m
Mar 31 2023	₹2m	₹2m	-₹8m
Dec 31 2022	n/a	n/a	-₹16m
Sep 30 2022	n/a	n/a	-₹16m
Jun 30 2022	n/a	n/a	-₹12m
Mar 31 2022	₹4m	₹4m	-₹23m
Dec 31 2021	n/a	n/a	-₹34m
Sep 30 2021	n/a	n/a	-₹42m
Jun 30 2021	n/a	n/a	-₹35m
Mar 31 2021	₹5m	₹4m	-₹31m
Dec 31 2020	n/a	n/a	-₹31m
Sep 30 2020	n/a	n/a	-₹28m
Jun 30 2020	n/a	n/a	-₹22m
Mar 31 2020	₹5m	₹4m	-₹13m
Dec 31 2019	n/a	n/a	₹4m
Sep 30 2019	n/a	n/a	-₹403k
Jun 30 2019	n/a	n/a	-₹5m
Mar 31 2019	₹5m	₹4m	-₹9m
Dec 31 2018	n/a	n/a	-₹4m
Sep 30 2018	n/a	n/a	₹1m
Jun 30 2018	n/a	n/a	₹6m
Mar 31 2018	₹5m	₹4m	₹12m

Compensation vs Market: Insufficient data to establish whether Ashoke's total compensation is reasonable compared to companies of similar size in the Indian market.

Compensation vs Earnings: Ashoke's compensation has been consistent with company performance over the past year.

CEO

Ashoke Agarwal (60 yo)

34.1yrs

Tenure

Mr. Ashoke Agarwal is Joint MD & Chairman of Glittek Granites Limited. He joined the Glittek Granites Limited on October 29, 1990. He serves as a Director of Granite Mart Ltd., Auto Sales Agencies Pvt.Ltd...

Board Members

Name	Position	Tenure	Compensation	Ownership
Ashoke Agarwal	Joint MD & Chairman	34.1yrs	no data	9.48% ₹ 9.5m
Tushar Agarwal	MD & Executive Director	2.8yrs	₹3.36m	4.64% ₹ 4.6m
Malvika Sureka	Additional Independent Director	2.8yrs	no data	no data
Ratan Bajaj	Additional Independent Director	less than a year	no data	no data
Siddhartha Agarwal	Independent Director	less than a year	no data	no data

2.8yrs

Average Tenure

Experienced Board: 513528's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.

Glittek Granites Management

Management criteria checks 1/4

Key information

Recent management updates

High number of new and inexperienced directors

Glittek Granites Limited Approves Appointment of Mr. Siddhartha Agarwal as Director

Glittek Granites Limited Appoints Ratan Kumar Bajaj as Additional Director Independent

Glittek Granites Limited, Annual General Meeting, Sep 27, 2024

Glittek Granites Limited, Annual General Meeting, Sep 29, 2023

Glittek Granites Limited Announces Resignation of Bimal Kumar Agarwal as Non Executive Director

Recent updates

Second quarter 2025 earnings released: ₹4.83 loss per share (vs ₹0.44 loss in 2Q 2024)

High number of new and inexperienced directors

Glittek Granites Limited Approves Appointment of Mr. Siddhartha Agarwal as Director

Glittek Granites Limited Appoints Ratan Kumar Bajaj as Additional Director Independent

Glittek Granites Limited, Annual General Meeting, Sep 27, 2024

First quarter 2025 earnings released: ₹1.21 loss per share (vs ₹0.18 loss in 1Q 2024)

New major risk - Share price stability

Glittek Granites Limited to Report Q1, 2025 Results on Aug 14, 2024

Full year 2024 earnings released: ₹2.37 loss per share (vs ₹0.30 loss in FY 2023)

Glittek Granites Limited to Report Q4, 2024 Results on May 30, 2024

Third quarter 2024 earnings released: ₹0.57 loss per share (vs ₹0.12 profit in 3Q 2023)

Glittek Granites Limited to Report Q3, 2024 Results on Feb 13, 2024

Glittek Granites Limited to Report Q2, 2024 Results on Nov 14, 2023

Glittek Granites Limited, Annual General Meeting, Sep 29, 2023

First quarter 2024 earnings released: ₹0.18 loss per share (vs ₹0.01 profit in 1Q 2023)

Glittek Granites Limited to Report Q1, 2023 Results on Aug 11, 2023

Third quarter 2023 earnings released: EPS: ₹0.12 (vs ₹0.14 in 3Q 2022)

Second quarter 2023 earnings released: ₹0.65 loss per share (vs ₹0.50 loss in 2Q 2022)

Glittek Granites Limited Announces Resignation of Bimal Kumar Agarwal as Non Executive Director

High number of new directors

Glittek Granites Limited Announces Removal of Kamal Kumar Agarwal as Director

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Glittek Granites Limited Announces Board Changes

Second quarter 2022 earnings released: ₹0.50 loss per share (vs ₹0.22 loss in 2Q 2021)

Full year 2021 earnings released: ₹1.19 loss per share (vs ₹0.53 loss in FY 2020)

Glittek Granites Limited Announces Closure of Manufacturing Activities Due to Lock-Down Announced by the Karnataka Government

Glittek Granites Limited to Report Q3, 2021 Results on Feb 12, 2021

New 90-day high: ₹1.90

New 90-day high: ₹1.69

Glittek Granites Limited, Annual General Meeting, Dec 29, 2020

New 90-day high: ₹1.43

New 90-day high: ₹1.33

First quarter earnings released

Glittek Granites Limited to Report Q1, 2021 Results on Sep 15, 2020

Glittek Granites Limited to Report Q4, 2020 Results on Sep 11, 2020

New 90-day low - ₹0.88

CEO Compensation Analysis

CEO

Tenure

Board Members

Average Tenure