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.

MTAR Technologies promoter Saranya Loka Reddy created a pledge over 1,05,000 equity shares on August 28, 2026. The encumbrance was registered with Aditya Birla Money Limited as security for a loan taken by Sai Roshni Capital Private Limited.

The disclosure was filed under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The reporting date for the transaction is August 31, 2026.

Pledge Details

Saranya Loka Reddy holds 5,02,666 equity shares in the company, representing 1.63% of the total share capital. Prior to this event, she had already encumbered 1,60,000 shares (0.52%).

The new pledge adds to her existing encumbered holdings. Post-event, the total number of encumbered shares stands at 2,65,000, which is 0.86% of the total share capital.

Related Party Holdings

The filing lists several persons acting in concert (PAC) with Saranya Loka Reddy. These entities and individuals include Northeast Broking Services Limited, P. Kalpana Reddy, Leelavathi Parvatha Reddy, P. Srinivas Reddy, and Rohith Loka Reddy.

The shares are listed on both the National Stock Exchange of India Limited and BSE Limited.