Promoter Mrs. Leelavathi Parvatha Reddy of MTAR Technologies Limited has formally disclosed an inter-se transfer of 2,97,000 equity shares via a gift transaction. The transfer involved shares from her son, Mr. P. Srinivas Reddy (2,00,000 shares), and Mrs. Saranya Loka Reddy (97,000 shares). This off-market transaction resulted in the acquirer’s total holding increasing to 4.29% of the total diluted share capital as of February 23, 2026.
Disclosure of Promoter Share Acquisition
Mrs. Leelavathi Parvatha Reddy, identified as a Promoter of MTAR TECHNOLOGIES LIMITED, submitted a formal disclosure regarding the acquisition of equity shares via an off-market inter-se transfer on February 23, 2026. The transfer was executed as a gift transaction from other members of the Promoter group.
Details of the Transfer
The total number of shares acquired by Mrs. Leelavathi Parvatha Reddy amounts to 2,97,000 equity shares. These shares were sourced from two primary transfers:
- From Mr. P. Srinivas Reddy (Promoter and Managing Director): 2,00,000 Equity Shares.
- From Mrs. Saranya Loka Reddy (Promoter): 97,000 Equity Shares.
Shareholding Post-Acquisition Snapshot
The filing details the change in the acquirer’s total holding concerning the Target Company (TC).
Before Acquisition/Disposal
Prior to this transaction, the holding of shares carrying voting rights for the acquirer was 10,21,712 shares, equating to 3.32% of the total share/voting capital.
Acquisition Details
The acquisition involved 2,97,000 shares, representing an increase of 0.97% in the voting capital.
After Acquisition/Disposal
Following the completion of the gift, the total holding of shares carrying voting rights for Mrs. Leelavathi Parvatha Reddy increased to 13,18,712 shares. This new holding constitutes 4.29% of the total diluted share capital of MTAR Technologies Limited. The equity share capital remained unchanged throughout the process at Rs. 30,75,95,910/-, divided into 3,07,59,591 fully paid up equity shares of Rs. 10/- each.
The disclosure was signed by Leelavathi Parvatha Reddy in Hyderabad on February 24, 2026, detailing the transaction as an Off-market (Inter-se transfer by way of gift).
Source: BSE
