MTAR Technologies files SEBI Reg 29(2) disclosure for share acquisition by Akepati Praval Reddy and PACs

What MTAR Technologies announced

On 25 June 2026, MTAR Technologies Ltd (BSE: 543270) submitted a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing states that Akepati Praval Reddy and persons acting in concert (PACs) have acquired shares in MTAR Technologies. The announcement does not provide the quantity of shares, the percentage of total equity, or the consideration paid for the acquisition.

Details of the Reg 29(2) filing

Regulation 29(2) obliges a listed company to inform the stock exchange when an individual or a group of persons acting in concert acquires shares that may cross the thresholds set by SEBI (typically 5%, 10%, 15%, 20%, 25%, 30% and 50%). The purpose is to ensure transparency and allow SEBI to monitor potential take‑over activity.

In this case, the filing identifies the acquirer as Akepati Praval Reddy and mentions “PACs” – a term used for persons acting in concert with the acquirer. No further breakdown of the PACs, the exact shareholding percentage, or the financial terms of the acquisition is disclosed in the document.

Key facts at a glance

Why this matters for investors

The disclosure signals that a significant shareholder or a group of related parties is building a stake in MTAR Technologies. While the exact size of the holding is unknown, crossing any of SEBI’s prescribed thresholds would require the acquirer to make a public offer to the remaining shareholders under the Takeover Code. Until such thresholds are confirmed, the filing primarily serves as a transparency measure. Investors should monitor subsequent disclosures for any updates on shareholding percentages or potential takeover proposals.

Conclusion

MTAR Technologies has complied with SEBI’s Reg 29(2) by reporting that Akepati Praval Reddy and associated PACs have acquired shares, though the filing omits quantitative details. The company will need to file further disclosures if the acquisition crosses statutory shareholding thresholds, which could trigger additional regulatory requirements.