Mrs. Kavitha Reddy Gangapatnam, a promoter of MTAR Technologies Limited, has pledged 32,000 equity shares. The pledge was made to 360 One Distribution Services Limited on September 17, 2026. This disclosure is in accordance with SEBI’s Substantial Acquisition of Shares and Takeovers Regulations. The company has provided the necessary forms to the stock exchanges regarding this encumbrance.
Promoter Share Pledge Disclosure
Mrs. Kavitha Reddy Gangapatnam, identified as a promoter of MTAR Technologies Limited, has undertaken a pledge of a portion of her equity holdings. A total of 32,000 equity shares were pledged on September 17, 2026, to 360 One Distribution Services Limited. This action is classified as an encumbrance under the relevant SEBI regulations.
Regulatory Compliance
The disclosure is made in compliance with Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. MTAR Technologies Limited, with ISIN INE864101014, has submitted the prescribed forms to the stock exchanges, namely the BSE Limited and the National Stock Exchange of India Limited. This filing is intended for the information and records of the exchanges and the company.
Details of Encumbrance
The total number of promoter equity shares held by Mrs. Kavitha Reddy Gangapatnam is 2,00,000, representing 0.43% of the total share capital. The encumbered shares constitute 32,000, which is 0.14% of the total share capital. The pledge is for the purpose of ‘Availing of loan’, with the shares being held in favor of 360 ONE DISTRIBUTION SERVICES LIMITED. Post-encumbrance, the promoter’s holding in the target company remains unchanged, but 75,000 shares (0.24% of total share capital) are now encumbered.
Source: BSE
