MTAR Technologies Limited has scheduled a hearing for its proposed amalgamation with two subsidiaries before the National Company Law Tribunal (NCLT) Bench at Hyderabad on September 4, 2026. The tribunal admitted the joint company petition on July 10, 2026, seeking sanction for the scheme of amalgamation involving Gee Pee Aerospace and Defence Private Limited and Magnatar Aero Systems Private Limited as transferor companies, with MTAR Technologies Limited serving as the transferee company.

The petition was initially presented on June 19, 2026, under sections 230 to 232 of the Companies Act, 2013. The scheme involves the merger of the two transferor companies with MTAR Technologies Limited and their respective shareholders and creditors. The notice of hearing was published in the Financial Express and Nava Telangana on July 15, 2026.

Key Dates and Deadlines

The NCLT has set specific timelines for stakeholders to participate in the proceedings. Individuals or entities intending to support or oppose the petition must send a notice of intention to the petitioner's counsel. This notice, signed by the stakeholder or their advocate, must include the name and address and reach the counsel no later than two days before the hearing date.

Those opposing the petition are required to furnish the grounds of opposition or a copy of their affidavit along with the notice. Copies of the petition are available upon payment of prescribed charges.

Company Details

MTAR Technologies Limited, incorporated under the provisions of the Companies Act, 1956, holds CIN L72200TG1999PLC032836. Its registered office is located at 18, Technocrats Industrial Estate, Balanagar, Hyderabad-500037, Telangana. The company is represented by its Whole-time Director, Mr. Praveen Kumar Reddy Akepati.

Gee Pee Aerospace and Defence Private Limited, the first transferor company, holds CIN U29100TG1998PTC008777 and is located at plot no's 75 and 81, phase-III Paschimallaram Mandal, Patancheru, Medak, Hyderabad-502307. Magnatar Aero Systems Private Limited, the second transferor company, holds CIN U29308TG2019PTC136567 and is situated at plot No B-34, EEIE Balanagar, Hyderabad-500037.

Promoter A Manogna of MTAR Technologies released 1,25,000 equity shares that were previously pledged with Bajaj Financial Securities Limited. The release occurred on May 22, 2026, and was executed for the repayment of a loan, according to a disclosure submitted to the stock exchanges on July 13, 2026.

The disclosure was made under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing detailed the change in the encumbrance status of the shares held by the promoter.

Prior to the release, the promoter held a total of 8,33,497 equity shares, representing 2.71% of the total share capital. Of this, 1,25,000 shares, or 0.41% of the total share capital, were encumbered. The release of the pledge has brought the post-event holding of encumbered shares to zero.

The following table outlines the details of the shareholding and the encumbrance transaction:

The disclosure confirmed that the shares are no longer pledged with Bajaj Financial Securities Limited following the repayment. The document was signed by Akepati Manogna, the authorised signatory.