MTAR TECHNOLOGIES LIMITED announces the release of 1,77,000 equity shares previously held as pledge by promoter Mrs. Kavitha Reddy Gangapatnam. The shares were released from 360 One Distribution Services Limited on June 27, 2026, as part of a loan repayment. This action reduces the promoter’s encumbered holding, signaling a strengthening of the promoter’s direct stake in the company.
Promoter Encumbrance Update
MTAR TECHNOLOGIES LIMITED has disclosed an important update regarding the encumbrance of shares held by its promoter, Mrs. Kavitha Reddy Gangapatnam. The promoter has successfully released a significant block of 1,77,000 equity shares that were previously pledged. This release signifies a reduction in the encumbered portion of the promoter’s shareholding in the company.
Details of Share Release
The release of these shares occurred on June 27, 2026. The encumbrance was removed from the shares held with 360 One Distribution Services Limited. The reason cited for the original pledge and subsequent release is the repayment of a loan. This event leads to a post-event holding of 43,000 shares (0.14% of total share capital) still encumbered, a decrease from the previously encumbered 2,20,000 shares (0.72% of total share capital).
Promoter Information
Mrs. Kavitha Reddy Gangapatnam is identified as the promoter of MTAR TECHNOLOGIES LIMITED. The disclosure also lists other Persons Acting in Concert (PACs) including D. Anitha Reddy, Usha Reddy, P. Jayaprakash Reddy, and Suprathik Reddy. As per the reporting date of June 02, 2026, Mrs. Kavitha Reddy Gangapatnam holds 2,20,000 equity shares, representing 0.72% of the total share capital.
Source: BSE
