Mr. P. Srinivas Reddy, Promoter and Managing Director of MTAR Technologies Limited, has completed an inter-se transfer of 2,00,000 equity shares. This transfer was executed as a gift to his mother, Mrs. Leelavathi Parvatha Reddy, who is also a promoter of the company. The transaction took place on February 23, 2026, via an off-market route, resulting in a change in the holding percentages of the parties involved.
Disclosure of Shareholding Change
MTAR Technologies Limited submitted a mandatory disclosure detailing an internal change in the promoter group’s shareholding structure. The disclosure, dated February 24, 2026, outlines a transaction that occurred on February 23, 2026.
Details of the Transaction
The transaction involved Mr. P. Srinivas Reddy (Promoter and Managing Director) gifting a total of 2,00,000 equity shares to his mother, Mrs. Leelavathi Parvatha Reddy. Both individuals are classified under the Promoter/Promoter Group category.
The method of transfer was specified as an Off-market (Inter-se transfer by way of gift), confirming it was not a purchase or sale on the open market.
Holding Changes Pre and Post Transfer
Before the Transfer (as of 23.02.2026)
- Shares carrying voting rights held by the transferring entity: 13,92,903 shares, representing 4.53% of the total capital.
Acquired/Disposed Shares
- Shares acquired/sold: 2,00,000 shares, equivalent to 0.65% of the total capital.
After the Transfer (as of 23.02.2026)
- Shares carrying voting rights held by the transferring entity: 11,92,903 shares, which now represents 3.88% of the total capital.
Company Capital Structure
The disclosure confirms that the total equity share capital of MTAR Technologies Limited remains unchanged across the transaction period. The total capital stands at Rs. 30,75,95,910/-, divided into 3,07,59,591 fully paid up equity shares of Rs. 10/- each.
The Persons Acting in Concert (PAC) with the seller/acquirer include P Kalpana Reddy, Leelavathi Parvatha Reddy, Saranya Loka Reddy, and Northeast Broking Services Limited.
Source: BSE
