MTAR Technologies promoter K Shalini disposed of 18,000 equity shares in the company through an open market transaction on September 4, 2026.

The sale represents 0.06% of the company’s total voting capital. The disclosure was filed with the stock exchanges on September 7, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Holding Changes

Prior to the disposal, K Shalini held 4,10,483 shares, constituting 1.33% of the total share and voting capital. The transaction reduced her stake to 3,92,483 shares, lowering her ownership percentage to 1.27%.

The filing lists Anushman Reddy, Mitta Madhavi, K. Vamshidhar Reddy, A. Manogna, and Praveen Kumar Reddy as persons acting in concert (PAC) with the seller. No encumbrances were reported on the shares held by the promoter group.

Capital Structure

The company’s equity share capital remains unchanged at ₹30,75,95,910, divided into 3,07,59,591 fully paid-up equity shares of ₹10 each. The total diluted share and voting capital also remains at this level following the transaction.

MTAR Technologies has scheduled its 27th Annual General Meeting for September 28, 2026, to seek shareholder approval for a significant increase in its borrowing capacity.

The company proposes to enhance its statutory borrowing limit under Section 180(1)(c) of the Companies Act, 2013, from ₹800 crore to ₹2,000 crore. This special resolution aims to provide financial flexibility for planned capital expenditure and business expansion initiatives.

Key Agenda Items

The meeting will address both ordinary and special business items. Shareholders will vote on the following key resolutions:

• Ratification of cost auditor remuneration for FY27-FY29
• Re-appointment of directors retiring by rotation
• Enhancement of borrowing limits to ₹2,000 crore
• Approval for creation of mortgage or charge on assets

Governance and Appointments

Mr. Rohith Loka Reddy and Mr. Anushman Reddy are set to retire by rotation and offer themselves for re-appointment. Mr. Reddy serves as a Non-Executive Director with expertise in finance and investment, while Mr. Anushman Reddy is a Whole Time Director heading the Export Division and Supply Chain Management.

Additionally, the board seeks ratification for the remuneration of M/s. Sagar & Associates as Cost Auditors for three financial years starting FY27. The initial remuneration is fixed at ₹6 lakh per annum with a 10% annual increase.

What the Numbers Show

The proposed enhancement of the borrowing limit from ₹800 crore to ₹2,000 crore represents a 150% increase in the company's approved debt capacity. This substantial uplift signals aggressive growth plans, requiring shareholders to approve corresponding security creation over company assets under Section 180(1)(a) of the Act.

Meeting Details

The AGM will be held via Video Conference/Other Audio-Visual Means in compliance with Ministry of Corporate Affairs circulars. The cut-off date for voting eligibility is September 21, 2026. Remote e-voting will be open from September 25 to September 27, 2026.