MTAR Technologies Limited has reported a violation of the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the Company's Code of Conduct by a designated person, Mutyala Ramana Reddy, Deputy General Manager in the accounts department. The violation pertains to trading in the company's securities without seeking pre-clearance and entering into contra-trade transactions. The details of these transactions, including dates and the number of shares traded, are provided in Annexure B, with trades occurring between August and September 2021. In consultation with the Audit Committee, the Board noted that the transactions were inadvertent and arose from a lack of awareness of the regulations. As per SEBI circular SEBI/HO/ISD/ISD/CIR/P/2020/135 dated July 23, 2020, the Board has directed the designated person to disgorge the profits from these transactions to the SEBI Investor Protection and Education Fund. A sum of ₹73,224 was transferred online to the fund on February 6, 2026. Additionally, a strict warning has been issued, cautioning against future non-compliance. Mutyala Ramana Reddy admitted to the violation, clarifying it was unintentional and executed immediately after the IPO in 2021 without any mala fide intent.
