MTAR Technologies has reported a violation of its insider trading policy. A designated person traded company shares without pre-clearance, also entering into contra trade transaction. The individual has been directed to disgorge profits of ₹1,05,522 to the SEBI Investor Protection and Education Fund. A strict warning has also been issued.
Insider Trading Violation Reported
MTAR Technologies has reported a violation of its insider trading policy. The violation involves trading in company shares by a designated person, Raja Sheker Bollampally, without obtaining pre-clearance and entering into a contra trade transaction.
Details of the Violation
The designated person, who serves as the Chief Operating Officer, violated the company’s code of conduct by trading shares and entering into a contra trade transaction. He has been managing the day-to-day operations of the Company. The transactions occurred without seeking pre-clearance and without adhering to the required holding period.
Action Taken
The Board of Directors, after consulting with the Audit Committee and providing the designated person an opportunity to be heard, determined that the transactions were inadvertent and arose from a lack of awareness of applicable regulations.
As a result, Raja Sheker Bollampally has been directed to disgorge the profits from these transactions. The profits, amounting to ₹1,05,522, are to be transferred to the SEBI Investor Protection and Education Fund. In addition to the disgorgement of profits, a strict warning has been issued.
Details of Disgorgement
The amount of ₹1,05,522 has been transferred to SEBI via online mode. The transaction details are as follows:
- Name of the transferor: MTAR Technologies Limited
- Bank Name: SEBI-IEF Bank of India
- Branch: Bandra Kurla Complex (BKC)
- Account number: 012210210000008
- UTR/Transaction reference Number: IN22603701894368
- Transaction date: 06.02.2026
Summary of Transactions
The following table summarizes the transactions that led to the insider trading violation:
| From | To | BUY/SALE | No. of Shares | Value of securities | Average Price | Profit/loss |
|---|---|---|---|---|---|---|
| 14-11-2025 | 14-11-2025 | Sale | 196 | 517832 | 2642 | |
| 12-11-2025 | 14-11-2025 | Buy | 196 | 497840 | 2540 | 19992 |
| 11-09-2025 | 11-09-2025 | Sale | 500 | 756000 | 1512 | |
| 01-09-2025 | 11-09-2025 | Buy | 500 | 703500 | 1407 | 52500 |
| 20-12-2024 | 20-12-2024 | Sale | 300 | 525030 | 1750.1 | |
| 13-12-2024 | 20-12-2024 | Buy | 300 | 492000 | 1640 | 33030 |
Source: BSE
