MTAR Technologies Limited has announced the release of 1,05,000 equity shares from pledge by its promoter, Mrs. Saranya Loka Reddy. The shares were pledged with Aditya Birla Money Limited. This release, effective from August 28, 2026, signifies a reduction in the promoter’s encumbered holding and is in compliance with SEBI regulations for substantial acquisition of shares and takeovers.
Promoter Share Release Notification
MTAR Technologies Limited has formally notified the stock exchanges regarding the release of a significant portion of its promoter’s pledged shares. Mrs. Saranya Loka Reddy, identified as a promoter, has had 1,05,000 (One Lakh Five Thousand) equity shares of MTAR Technologies Limited released from an encumbrance. These shares were previously pledged with Aditya Birla Money Limited.
Key Transaction Details
The encumbrance release occurred on August 28, 2026. This action is a part of regulatory disclosures mandated under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Following this release, the promoter’s holding in the company sees a decrease in the number of encumbered shares. The detailed disclosure, including the post-event holding figures, has been submitted to the relevant stock exchanges and the company itself.
Post-Release Holding
As per the disclosures, the promoter, Saranya Loka Reddy, initially held 5,02,666 equity shares. Out of this, 2,65,000 shares were encumbered. Following the release of 1,05,000 shares on August 28, 2026, the promoter’s holding already encumbered is now 1,60,000 shares, representing 0.52% of the total share capital. The total share capital held by the promoter remains substantial, with this specific transaction focusing on the reduction of pledged equity.
Source: BSE
