Promoter Saranya Loka Reddy of MTAR Technologies Limited finalized an inter-se transfer of 97,000 equity shares via an off-market gift to her mother, Mrs. Leelavathi Parvatha Reddy, who is also a promoter. This transaction, executed on February 23, 2026, resulted in a decrease in Ms. Reddy’s holding from 1.95% to 1.63% of the total capital. The transaction was done in compliance with takeover disclosure regulations.
Disclosure of Inter-Se Share Transfer
This disclosure, filed under applicable regulations, confirms a significant share transaction involving key promoters of MTAR TECHNOLOGIES LIMITED. Ms. Saranya Loka Reddy, a promoter of the company, executed an off-market transfer involving 97,000 equity shares on February 23, 2026.
The transfer was structured as a gift in favor of her mother, Mrs. Leelavathi Parvatha Reddy, who is also identified as a promoter of the company. The filing was submitted to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).
Holding Changes Pre and Post-Transaction
The report details the shift in holdings for Ms. Saranya Loka Reddy:
- Before Acquisition/Disposal: Ms. Reddy held 5,99,666 shares, representing 1.95% of the total share capital and 1.95% of the total diluted share capital.
- Details of Acquisition/Sale: The disposal involved 97,000 shares, equating to 0.32% of the voting capital.
- After Acquisition/Disposal: Following the gift, Ms. Reddy’s resultant holding is 5,02,666 shares, which now constitutes 1.63% of the total capital (both share and diluted).
Capital Structure Details
The total equity share capital of MTAR Technologies Limited remained unchanged before and after the transaction. The capital stood at Rs. 30,75,95,910/-, divided into 3,07,59,591 fully paid-up equity shares of Rs. 10/- each. The transaction mode was explicitly stated as an “Off-market (Inter-se transfer by way of gift)”.
Associated Persons
The document also lists Persons Acting in Concert (PAC) with the seller/acquirer, including P. Kalpana Reddy, Leelavathi Parvatha Reddy, P. Srinivas Reddy, and Northeast Broking Services Limited.
Source: BSE
