The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 10, 2025 for Saranya Loka Reddy
MTARTECH · price
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Awaiting price reaction for this filing.
Promoter Saranya Loka Reddy has released 84,666 equity shares that were previously pledged with Aditya Birla Finance Limited (ABFL) on June 5, 2025, due to repayment of a loan. After this release, her total promoter holding stands at 5,99,666 shares (about 1.95% of share capital), with the remaining pledged shares now at 5,08,000 (1.65% of share capital). The disclosure was filed under SEBI's Takeover Regulations to inform the stock exchanges and the company. The promoter group's other members (P Kalpana Reddy, Leelavathi Parvatha Reddy, P Srinivas Reddy, and Rohith Loka Reddy) are also listed in the disclosure.
This is a routine pledge release indicating loan repayment by the promoter, which is a neutral-to-slightly-positive signal as it reduces encumbrance on promoter shares. The quantum is small relative to the company's total share capital and does not indicate any change in ownership.