Leelavathi Parvatha Reddy, a promoter of MTAR Technologies Limited, has reported the sale of 20,000 equity shares through the open market. The transaction, which occurred on September 16, 2026, resulted in her shareholding decreasing slightly. This disclosure is made in compliance with SEBI’s substantial acquisition and takeover regulations, providing transparency to the market regarding promoter stake changes.
Promoter Stake Reduction at MTAR Technologies
Leelavathi Parvatha Reddy, identified as a promoter of MTAR Technologies Limited, has officially disclosed the sale of 20,000 equity shares from her holdings. The transaction was executed in the open market, as detailed in the disclosure filed with the stock exchanges.
Transaction Details and Compliance
The sale, which took place on September 16, 2026, marks a minor adjustment in the promoter’s overall stake in the company. Prior to this sale, the promoter held 13,18,712 shares, representing 4.29% of the total share capital. Following the disposal of 20,000 shares, her holding has reduced to 12,98,712 shares, now accounting for 4.22% of the total equity. This action is in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, ensuring compliance with disclosure norms for promoters and significant shareholders.
Market Context
The disclosure provides the market with updated information on the promoter’s shareholding, contributing to transparency. MTAR Technologies Limited operates in the aerospace and defense sector, manufacturing and supplying critical components for various platforms.
Source: BSE
