Mrs. Kavitha Reddy Gangapatnam, a promoter of MTAR Technologies Limited, has pledged 50,000 equity shares of the company. The pledge was made to 360 ONE Distribution Services Limited on November 11, 2026, as collateral for a loan. This transaction impacts the shareholding pattern and highlights a part of the promoter’s financing activities. Following the pledge, the promoter’s post-event holding of encumbered shares stands at 1,25,000 shares, representing 0.40% of the total share capital.
Promoter Share Pledge
MTAR Technologies Limited announced that Mrs. Kavitha Reddy Gangapatnam, identified as a promoter, has pledged a portion of her holdings in the company. A total of 50,000 equity shares were encumbered on November 11, 2026. This action is part of a disclosure made under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Details of the Encumbrance
The shares were pledged to 360 ONE Distribution Services Limited. The disclosure indicates that this encumbrance is for availing of a loan. Prior to this event, Mrs. Gangapatnam held 2,00,000 equity shares, constituting 0.65% of the total share capital. The encumbrance of 50,000 shares, which represents 0.16% of the share capital, brings the total number of encumbered shares to 75,000, or 0.24% of the total share capital.
Post-Event Shareholding
Following the creation of this pledge, the total holding of encumbered shares by Mrs. Kavitha Reddy Gangapatnam stands at 1,25,000 shares. This figure represents 0.40% of the total share capital of MTAR Technologies Limited. The disclosure has been made to the relevant stock exchanges and the Target Company.
Source: BSE
