The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 28, 2026 for Saranya Loka Reddy
MTARTECH · price
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Saranya Loka Reddy, a promoter of MTAR Technologies, has reported the release of pledge on 3,45,000 equity shares. The release occurred on May 27, 2026 and was disclosed on May 28, 2026. Prior to the release, 4,92,000 shares were pledged, which has now been reduced to 2,42,000 shares. The reason stated for the release is repayment of loan to Aditya Birla Capital Limited. Post the release, the promoter's holding stands at 1,50,000 shares (0.48% of total share capital), down from 5,02,666 shares previously. The filing also notes a separate encumbrance of 1,00,000 shares with HDFC Bank Limited by Persons Acting in Concert (PACs).
The significant reduction in pledged shares indicates the promoter has repaid a loan and recovered collateral, which is a positive development for shareholders as it reduces risk of forced selling. However, the sharp drop in promoter's reported holding from 5,02,666 to 1,50,000 shares raises questions about the actual ownership structure.