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.

Recent Transaction Summary

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

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.

MTAR Technologies management has set an ambitious target for the company's order book, projecting it will reach ₹2800 crore by the end of the current year. This significant projection was communicated during a recent conference call, demonstrating management's confidence in the company's business pipeline and growth trajectory.

Order Book Projection Details

The management's anticipation of achieving a ₹2800 crore order book represents a substantial milestone for the precision engineering company. This target reflects the company's strong positioning in securing contracts across its key operational sectors.

Business Implications

The projected order book growth indicates MTAR Technologies' robust business development efforts and market positioning. As a company specializing in precision engineering and manufacturing for critical sectors including aerospace, defense, and nuclear industries, such order book expansion would provide substantial revenue visibility for future periods.

The management's confidence in reaching this target suggests active negotiations and potential contract finalizations that could contribute to this projected figure. This order book target, if achieved, would significantly strengthen the company's financial foundation and support sustained business operations.

Strategic Positioning

MTAR Technologies' focus on high-precision manufacturing and critical component production positions it well to capitalize on growing demand in its target sectors. The projected order book growth aligns with the company's strategic objectives of expanding its market presence and securing long-term contracts with key clients in aerospace, defense, and nuclear industries.