MTAR Technologies promoter pledges 32,000 shares to 360 One Distribution
- Kavitha Reddy Gangapatnam pledged 32,000 equity shares of MTAR Technologies
- The pledge was made to 360 One Distribution Services Limited on September 17, 2026
- Total encumbered shares for the promoter now stand at 75,000, or 0.24% of capital
- The stated reason for the encumbrance is availing of a loan
*this image is generated using AI for illustrative purposes only.
MTAR Technologies Limited promoter Kavitha Reddy Gangapatnam pledged 32,000 equity shares of the company to 360 One Distribution Services Limited. The transaction was executed on September 17, 2026, under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The stated reason for creating this encumbrance is the availing of a loan. This disclosure was formally reported to both the National Stock Exchange of India Limited and BSE Limited on September 18, 2026.
Encumbrance details
The following table outlines the specifics of the pledge and the resulting holding status for the promoter group.
| Parameter | Details |
|---|---|
| Promoter Name | Kavitha Reddy Gangapatnam |
| Shares Pledged | 32,000 |
| % of Total Share Capital | 0.10% |
| Date of Creation | September 17, 2026 |
| Type of Encumbrance | Pledge |
| Reason | Availing of loan |
| Entity in Favor | 360 One Distribution Services Limited |
Post-event holdings
Prior to this transaction, the promoter had already encumbered 43,000 shares. Following the creation of the new pledge, the total number of encumbered shares held by Kavitha Reddy Gangapatnam stands at 75,000. This represents 0.24% of the total share capital of MTAR Technologies.
The promoter's total holding in the company is reported as 2,00,000 equity shares, constituting 0.65% of the total share capital. The pledge is part of a broader disclosure involving Persons Acting in Concert (PACs), which includes D Anitha Reddy, Usha Reddy Chigarapalli, P Jayaprakash Reddy, and Suprathik Reddy.
Historical Stock Returns for MTAR Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.21% | -10.13% | +1.55% | +42.77% | +219.80% | 0.0% |
How might the increased encumbrance ratio impact investor sentiment and stock volatility for MTAR Technologies?
What specific loan terms or collateral requirements led the promoter to pledge shares to 360 One Distribution Services Limited?
Are there upcoming corporate actions or capital raises that could be influenced by the promoter's rising debt levels?
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