MTAR Technologies Reports Second Insider Trading Policy Violation by Senior Executive

2 min read     Updated on 07 Feb 2026, 03:45 PM
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Shriram SScanX News Team
AI Summary

MTAR Technologies has disclosed another insider trading policy violation, this time involving Vice President Sidda Reddy Doggala who conducted unauthorized trades in November 2025 generating ₹1,252 profit. The Board has directed profit disgorgement to SEBI fund and issued strict warning, marking the second such violation after a previous case involving Deputy General Manager in 2021.

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MTAR Technologies Limited has disclosed another violation of its insider trading policy to stock exchanges, reporting a second case of unauthorized trading by a designated person under SEBI (Prohibition of Insider Trading) Regulations, 2015.

Latest Violation Details

The company has now reported that Vice President Sidda Reddy Doggala (PAN: AANPD9762B) violated the company's Code of Conduct by trading in company shares without seeking mandatory pre-clearance and entering into contra trade transactions. Mr. Doggala is responsible for Production operations and is not a promoter or part of the promoter group.

Parameter Details
Designated Person Sidda Reddy Doggala
Designation Vice President- Production
Department Production
Violation Type Trading without pre-clearance and contra trades
Trading Period November 2025

Recent Transaction Summary

The unauthorized trading activity occurred in November 2025, involving buy and sell transactions executed within a day:

Date Transaction Type Shares Value (₹) Profit/Loss (₹)
28-11-2025 Buy 50 1,26,300 -
27-11-2025 Sale 388 9,89,806.90 -
Total Profit 1,252

Previous Violation Case

This marks the second insider trading violation disclosed by the company. Earlier, Deputy General Manager Mutyala Ramana Reddy from the accounts department had violated trading policies in August-September 2021, generating profits of ₹73,224 which were subsequently disgorged to the SEBI Investor Protection and Education Fund.

Board Action and Remedial Measures

Following consultation with the Audit Committee and providing the designated person a reasonable opportunity to be heard, the Board determined that the recent transactions were inadvertent and arose from lack of awareness of applicable regulations. The company has taken corrective actions:

  • Profit Disgorgement: The Board directed Mr. Doggala to disgorge profits of ₹1,252 to the SEBI Investor Protection and Education Fund
  • Payment Completion: The amount was transferred online on February 6, 2026, with UTR number IN22603701894360
  • Warning Issued: A strict warning was issued, cautioning that future non-compliance will be viewed seriously

Compliance Framework

The reporting was made in accordance with SEBI Circular No. SEBI/HO/ISD/ISD/CIR/P/2020/135 dated July 23, 2020. The designated person admitted to the violation and clarified that it was committed inadvertently without any mala fide intent. The company confirmed no previous instances of violations since the last financial year.

The disclosure was signed by Company Secretary and Compliance Officer Priyanka Agarwal on February 7, 2026, and submitted to both BSE Limited (Scrip Code: 543270) and NSE Limited (Symbol: MTARTECH) as per regulatory requirements.

Historical Stock Returns for MTAR Technologies

1 Day5 Days1 Month6 Months1 Year5 Years
+0.25%-1.93%-5.42%+84.30%+146.64%+250.75%

MTAR Technologies Uploads Q3FY26 Earnings Call Audio Recording Following January 30 Conference

1 min read     Updated on 30 Jan 2026, 07:40 PM
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Reviewed by
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AI Summary

MTAR Technologies Limited has completed its Q3FY26 earnings conference call and uploaded the audio recording on its website. The call was held on January 30, 2026, at 11:00 AM IST, featuring key management members including Managing Director Srinivas Reddy, CFO Gunneswara Rao Pusarla, and Head of Strategy Srilekha Jasthi. The recording is now available at the company's corporate announcements section in compliance with SEBI regulations.

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MTAR Technologies Limited has completed its quarterly earnings conference call for the third quarter ended December 31, 2025, and subsequently uploaded the audio recording on its corporate website. The company informed stock exchanges about the availability of the recording through an official communication dated January 30, 2026.

Earnings Call Completion and Recording Upload

The earnings conference call was successfully held on Friday, January 30, 2026, at 11:00 AM IST as previously scheduled. Following the completion of the call, the company has made the audio recording available on its website in compliance with SEBI regulations.

Parameter: Details
Call Date: Friday, January 30, 2026
Call Time: 11:00 AM IST
Quarter Coverage: Q3FY26 (ended December 31, 2025)
Recording Location: https://mtar.in/corporate-announcements/
Regulation: SEBI Regulation 30(6)

Regulatory Compliance

The audio recording upload was conducted pursuant to Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015. This regulation mandates listed companies to make earnings call recordings publicly accessible for stakeholder reference.

Management Participation

The completed earnings call featured key members of MTAR Technologies' leadership team who provided insights into the company's quarterly performance:

  • Mr. Srinivas Reddy – Managing Director & Promoter
  • Mr. Gunneswara Rao Pusarla – Chief Financial Officer
  • Ms. Srilekha Jasthi – Head - Strategy & Investor Relations

Access and Availability

Stakeholders and investors can now access the complete audio recording of the Q3FY26 earnings conference call through the company's official website at https://mtar.in/corporate-announcements/ . This ensures transparency and provides ongoing access to the financial and operational discussions held during the call.

The formal communication regarding the audio recording upload was signed by P. Srinivas Reddy, Managing Director (DIN: 00359139), and submitted to both BSE Limited (Scrip Code: 543270) and NSE Limited (Symbol: MTARTECH) on January 30, 2026.

Historical Stock Returns for MTAR Technologies

1 Day5 Days1 Month6 Months1 Year5 Years
+0.25%-1.93%-5.42%+84.30%+146.64%+250.75%

More News on MTAR Technologies

1 Year Returns:+146.64%