The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for P Srinivas Reddy & PACs
MTARTECH · price
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P. Srinivas Reddy, promoter and Managing Director of MTAR Technologies, disclosed an inter-se transfer of 2,00,000 equity shares (0.65% of total share capital) to his mother Mrs. Leelavathi Parvatha Reddy, who is also a promoter, through an off-market transaction by way of gift. As a result, P. Srinivas Reddy's holding in the company reduced from 4.53% (13,92,903 shares) to 3.88% (11,92,903 shares). The transaction was carried out on February 23, 2026, and the disclosure was filed under Regulation 29(2) of SEBI Takeover Regulations. Since this is a transfer within the promoter family, the total promoter group shareholding in the company remains unchanged.
This is a routine internal reshuffling of shares within the promoter family (from son to mother via gift) and is unlikely to affect the stock price or the overall promoter stake. Shareholders should view it as a neutral, non-event disclosure with no change in management control.