Mr. P. Srinivas Reddy, Promoter and Managing Director of MTAR Technologies Limited, executed an inter-se transfer of 2,00,000 equity shares. The transaction, completed on February 23, 2026, was an off-market gift to his mother, Mrs. Leelavathi Parvatha Reddy, who is also a promoter of the company. This transfer resulted in a change in the holding percentage for both parties relative to the total diluted share capital.
Disclosure of Shareholding Change in MTAR Technologies
This disclosure pertains to a material change in the shareholding structure of MTAR Technologies Limited, as reported by the company’s Promoter and Managing Director, Mr. P. Srinivas Reddy, on February 23, 2026.
Details of the Inter-se Transfer
The transaction involved the disposal of 2,00,000 equity shares by Mr. P. Srinivas Reddy to Mrs. Leelavathi Parvatha Reddy. The mode of transfer was explicitly stated as an Off-market (Inter-se transfer by way of gift).
Pre- and Post-Transaction Shareholding Summary
Prior to the disposal, the total holding of the seller (Mr. P. Srinivas Reddy) in the company’s total capital was 4.53%, representing 13,92,903 shares. Following the transfer of 2,00,000 shares:
- The seller’s new holding stands at 3.88%, equivalent to 11,92,903 shares carrying voting rights.
- The disposal represented 0.65% of the total diluted share capital of the company.
The total equity share capital of the Target Company remains constant at Rs. 30,75,95,910/-, divided into 3,07,59,591 fully paid-up equity shares of Rs. 10/- each, both before and after the acquisition/sale.
Persons Acting in Concert (PAC)
The filing also identified several Persons Acting in Concert (PAC) with the seller/acquirer, including P Kalpana Reddy, Saranya Loka Reddy, and Northeast Broking Services Limited.
Note: The disclosure includes a specific note confirming that Mr. P. Srinivas Reddy is the son of Mrs. Leelavathi Parvatha Reddy, and the shares were transferred as a gift.
Source: BSE
