MTAR Technologies Limited announced an inter-se transfer of 97,000 equity shares between promoters on February 23, 2026. Saranya Loka Reddy gifted these shares to her mother, Mrs. Leelavathi Parvatha Reddy, both designated as promoters. Following this off-market transaction, the total holding of the transferring promoter group has seen a percentage change, impacting their stake from 1.95% to 1.63% of the total share capital.
Corporate Disclosure on Promoter Activity
MTAR Technologies Limited has formally notified stock exchanges regarding a significant change in shareholding amongst its promoter group. The disclosure pertains to an off-market transfer executed on February 23, 2026.
Details of Share Transfer
Ms. Saranya Loka Reddy, identified as a promoter, carried out the disposal of 97,000 equity shares of the company. This transaction was executed via a gift (inter-se transfer) in favour of her mother, Mrs. Leelavathi Parvatha Reddy, who is also a promoter of MTAR Technologies Limited.
Shareholding Impact Analysis
The analysis of the holding before and after the transfer highlights the following changes:
- Shares Before Transfer: The seller group held 5,99,666 shares, representing 1.95% of the total voting capital.
- Shares Acquired/Sold: The disposal involved 97,000 shares, equating to 0.32% of the total share capital.
- Shares After Transfer: The resulting holding for the transferring entity stands at 5,02,666 shares, representing 1.63% of the voting capital.
It is noted that the total equity share capital of MTAR Technologies Limited before and after the acquisition/sale remains constant at Rs. 30,75,95,910/-, divided into 3,07,59,591 fully paid-up equity shares of Rs. 10/- each.
Persons Acting in Concert
The regulatory filing also lists other individuals classified as Persons Acting in Concert (PAC) with the seller/acquirer:
- P Kalpana Reddy
- Leelavathi Parvatha Reddy
- P. Srinivas Reddy
- Northeast Broking Services Limited
Source: BSE
