MRO-TEK Reality , formerly known as MRO-TEK Realty Limited, has made a significant move into the drone technology sector by signing a Memorandum of Understanding (MoU) with A2000 Solutions Private Limited. This strategic partnership aims to develop structured drone training labs and expand into Unmanned Aerial Vehicle (UAV) technology, marking a notable step in the company's diversification strategy.

Tamil Nadu Future Technology Hubs Initiative

The collaboration is part of the Tamil Nadu Future Technology Hubs (TNFTH) initiative, which seeks to position Tamil Nadu as a global hub for next-generation technology and skilled talent. TNFTH is described as potentially Asia's first integrated hub uniting seven emerging technologies:

• Artificial Intelligence
• Cybersecurity
• Drone technology
• Electric Vehicles
• Internet of Things & sensors
• 5G
• Enterprise Resource Planning

Strategic Expansion and Training Programs

The partnership between MRO-TEK Reality and A2000 Solutions involves establishing hubs across 10 key locations in Tamil Nadu, with Tirunelveli as the starting point. The training programs are designed to meet workforce needs across industries where drones are becoming essential, supporting the development of a knowledge-driven economy.

Impact on Business

This move represents MRO-TEK Reality's strategic expansion into next-generation technologies beyond its current dual-sector operations. By entering the drone technology arena, the company is positioning itself at the forefront of an emerging and potentially lucrative market.

Market Response

The news of this strategic partnership has garnered significant media attention, with coverage in major publications such as The Times of India (Chennai) and various online platforms.

Promoter Holding Update

In a separate development, Umiya Holding Private Limited, part of the promoter group, has increased its stake in MRO-TEK Reality. As per the latest disclosure:

This slight increase in promoter holding could be seen as a sign of confidence in the company's future prospects and strategic direction.

MRO-TEK Reality's expansion into drone technology, coupled with its participation in the TNFTH initiative, positions the company to capitalize on the growing demand for advanced technological solutions across various industries. As the drone sector continues to evolve, this strategic move could potentially open up new revenue streams and growth opportunities for the company.

MRO-TEK Reality (formerly MRO-TEK Realty Limited), has seen an increase in shareholding by its promoter group entity, Umiya Holding Private Limited. This move was executed through open market transactions, potentially signaling the promoter's confidence in the company's future prospects.

Acquisition Details

Umiya Holding Private Limited acquired 8,221 shares of MRO-TEK Reality through open market purchases. This acquisition has resulted in a marginal increase in Umiya Holding's stake in the company:

The total equity share capital of MRO-TEK Reality remains unchanged at 1,86,84,602 shares.

Regulatory Compliance

In compliance with the Securities and Exchange Board of India (SEBI) regulations, specifically Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Umiya Holding Private Limited has made the necessary disclosures regarding this acquisition.

The disclosure was submitted to the company secretary of MRO-TEK Reality and the respective listing departments of the National Stock Exchange of India Limited (NSE) and BSE Limited.

Company Overview

MRO-TEK Reality, previously known as MRO-TEK Realty Limited, is a publicly listed company. Its shares are traded on two major Indian stock exchanges:

• BSE Limited (Scrip Code: 532376)
• National Stock Exchange of India Limited (NSE) (Scrip Code: UMIYA-MRO)

Market Impact

While the increase in shareholding is relatively small, it may be viewed positively by the market as it demonstrates the promoter group's continued commitment to the company. Investors and market analysts often interpret such moves as a sign of confidence in the company's future performance and growth prospects.

Investors are advised to conduct their own research and consider multiple factors before making investment decisions based on promoter actions or any other single piece of information.