The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Leelavathi Parvatha Reddy & PACs
MTARTECH · price
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Awaiting price reaction for this filing.
Mrs. Leelavathi Parvatha Reddy, a promoter of MTAR Technologies, received 2,97,000 equity shares (0.97% of paid-up capital) as a gift in an off-market inter-se transfer on 23 February 2026. The shares came from her son Mr. P. Srinivas Reddy (Promoter & Managing Director, 2,00,000 shares) and Mrs. Saranya Loka Reddy (Promoter, 97,000 shares). Her stake in the company rose from 3.32% (10,21,712 shares) to 4.29% (13,18,712 shares). This is a family-level reshuffling of promoter holdings with no cash transaction involved, and the total promoter group's combined stake remains unchanged.
No impact on share price or minority shareholders — this is purely an internal promoter-family reorganization of shares via gift. The move slightly increases Leelavathi Parvatha Reddy's individual holding closer to the 5% SAST disclosure threshold but does not change overall promoter control.