MTAR Technologies Limited has disclosed an inter-se transfer of equity shares between its promoters, with Managing Director P. Srinivas Reddy transferring 2,00,000 shares to his mother through a gift transaction. The disclosure was made under SEBI regulations governing substantial acquisition and transfer of shares.

Transaction Details

The inter-se transfer was executed on February 23, 2026, through an off-market transaction by way of gift in favor of Mrs. Leelavathi Parvatha Reddy, who is also a promoter of the company and mother of P. Srinivas Reddy. The transaction involved 2,00,000 equity shares, representing 0.65% of the company's total share capital.

Shareholding Structure

Following the transaction, P. Srinivas Reddy's shareholding in MTAR Technologies has been reduced from 13,92,903 shares to 11,92,903 shares. His percentage holding decreased from 4.53% to 3.88% of the company's total voting capital. The company's equity share capital remains unchanged at Rs. 30,75,95,910 divided into 3,07,59,591 fully paid-up equity shares of Rs. 10 each.

Regulatory Compliance

The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Both the National Stock Exchange of India Limited and BSE Limited were formally notified of the transaction. The persons acting in concert with P. Srinivas Reddy include:

• P Kalpana Reddy
• Leelavathi Parvatha Reddy
• Saranya Loka Reddy
• Northeast Broking Services Limited

Company Information

MTAR Technologies Limited is listed on both BSE Limited and National Stock Exchange of India Limited. The company is headquartered at 18, TIE, Balanagar, Hyderabad – 500037, Telangana. The inter-se transfer represents a family arrangement between promoters, with the shares being transferred as a gift from son to mother within the promoter group.

MTAR Technologies Limited has issued a notice for postal ballot seeking shareholder approval on critical business matters through remote e-voting. The company has scheduled the voting process from February 19, 2026, at 9:00 AM to March 20, 2026, at 5:00 PM, with the cut-off date set for February 13, 2026.

Key Voting Schedule and Process

The postal ballot process follows a structured timeline with specific dates for shareholder participation:

The company has engaged Kfin Technologies Limited to provide remote e-voting services, ensuring shareholders can participate electronically in the decision-making process.

Proposed Borrowing Limit Enhancement

The first major proposal involves increasing the company's borrowing capacity under Section 180(1)(c) of the Companies Act, 2013. Currently, MTAR Technologies is permitted to borrow up to Rs. 730.72 crores without member approval. The management now seeks to enhance these limits significantly:

This enhancement aims to address future funding requirements and provide operational flexibility for the company's growth initiatives.

Asset Security Creation Powers

The second resolution seeks approval under Section 180(1)(a) of the Companies Act, 2013, for creating mortgage or charge on company assets. This proposal aligns with the enhanced borrowing limits, enabling the board to:

• Create floating charges on present and future assets
• Mortgage, hypothecate, or pledge moveable and immovable properties
• Secure borrowings for the company and its subsidiaries
• Negotiate terms for asset-backed financing arrangements

The aggregate indebtedness secured by company assets will not exceed the limits approved under the borrowing resolution.

Independent Director Commission Structure

The third resolution proposes enhancing compensation for independent directors, recognizing their increased responsibilities and contributions to corporate governance:

This commission structure is additional to sitting fees and expense reimbursements for board and committee meetings.

Regulatory Compliance and Governance

The postal ballot notice demonstrates MTAR Technologies' commitment to regulatory compliance under various provisions:

• Section 110 and 108 of the Companies Act, 2013
• Companies (Management and Administration) Rules, 2014
• SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Secretarial Standards on General Meetings (SS-2)

The board approved these proposals in their meeting held on January 29, 2026, recommending all three special resolutions for shareholder approval. The company has provided comprehensive explanatory statements detailing the rationale and implications of each proposal, ensuring transparent communication with stakeholders.