Mrs. Leelavathi Parvatha Reddy, a Promoter of MTAR Technologies Limited, has acquired 2,97,000 equity shares via off-market inter-se transfer by gift. The transfer occurred from her son, Mr. P. Srinivas Reddy (2,00,000 shares), and Mrs. Saranya Loka Reddy (97,000 shares). Following this transaction, Mrs. Reddy’s total holding increases to 13,18,712 shares, representing 4.29% of the total voting capital, as reported on February 24, 2026.
Inter-se Transfer of Promoter Shares
MTAR Technologies Limited disclosed a significant inter-se transfer of shares among the Promoter group on February 24, 2026. The transaction was executed as a gift via an off-market transfer.
Mrs. Leelavathi Parvatha Reddy, a Promoter of the company, received a total of 2,97,000 equity shares. These shares were transferred from two other Promoters:
- Mr. P. Srinivas Reddy, Promoter and Managing Director: 2,00,000 Equity Shares.
- Mrs. Saranya Loka Reddy, Promoter: 97,000 Equity Shares.
Shareholding Position Update
The filing details the change in shareholding for the acquirer, Mrs. Leelavathi Parvatha Reddy, considering all Persons Acting in Concert (PACs), including P Kalpana Reddy, Saranya Loka Reddy, P. Srinivas Reddy, and Northeast Broking Services Limited.
Holding Before Acquisition:
Before the acquisition, the holding of the acquirer group stood at 10,21,712 shares, which constituted 3.32% of the total share capital.
Details of Acquisition:
The acquisition involved 2,97,000 voting rights shares, accounting for 0.97% of the total diluted share capital.
Holding After Acquisition:
Post-acquisition, the total shareholding of Mrs. Leelavathi Parvatha Reddy (and associated PACs) rose to 13,18,712 shares, representing 4.29% of the total voting capital.
Capital Structure Context
The equity share capital details remained consistent throughout the reporting period. The total voting capital of MTAR Technologies Limited before and after the transaction was based on 3,07,59,591 fully paid-up equity shares of Rs. 10/- each, totaling Rs. 30,75,95,910/-.
Source: BSE
