M Tek Copper Limited (NSE:MCL), formerly known as Madhav Copper Limited, filed a disclosure on 21 August 2026 with the National Stock Exchange of India, confirming that promoter Mr. Vishal Talsibhai Monpara sold equity shares of the company under Regulation 7(2)(b) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
Key Highlights
- Promoter Mr. Vishal Talsibhai Monpara submitted Form C disclosing the sale of equity shares in M Tek Copper Limited (NSE:MCL) under SEBI PIT Regulations 2015.
- The disclosure was filed by the company with the NSE on 21 August 2026 as required under Regulation 7(2)(b) of the PIT Regulations.
- The company is listed on NSE under the ticker MCL and was formerly known as Madhav Copper Limited before adopting its current name.
- Company Secretary and Compliance Officer CS Sneha Langaliya signed and submitted the regulatory filing on behalf of M Tek Copper Limited.
About the Company
M Tek Copper Limited (NSE:MCL), erstwhile Madhav Copper Limited, is engaged in the copper products manufacturing sector and is headquartered in India. The company's securities are listed on the National Stock Exchange of India. Its operations are focused on the metals and copper processing segment, with the business having undergone a name change that is reflected in recent exchange filings.
Announcement in Detail
The disclosure, filed with the NSE on 21 August 2026 and addressed to the Manager (Listing) at the Exchange Plaza, Bandra-Kurla Complex, Mumbai, states that the company received a Form C submission from promoter Mr. Vishal Talsibhai Monpara. Form C is the prescribed disclosure format under Regulation 7(2)(a) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, and is required to be submitted by designated persons and insiders who transact in the securities of a listed company.
The company forwarded this disclosure to the NSE under Regulation 7(2)(b), which mandates that the listed entity inform the stock exchange of any such transaction reported by a promoter or designated person. The filing does not specify the exact number of equity shares sold, the transaction price, or the dates of the sale transactions. The company's Compliance Officer, CS Sneha Langaliya, signed the submission and confirmed the enclosure of the Form C document as part of the regulatory record.
Impact on Investors
Investors will note that the filing confirms a promoter-level share sale in M Tek Copper Limited (NSE:MCL), as reported under the SEBI insider trading disclosure framework. The filing does not disclose the quantum of shares sold or the transaction price; accordingly, the precise change in promoter shareholding percentage cannot be determined from this announcement alone. Shareholders are advised to track subsequent shareholding pattern filings under Regulation 31 of SEBI (LODR) Regulations, 2015, which will reflect any resulting change in the promoter's holding in the company.
The disclosed terms indicate that the transaction was reported through the prescribed regulatory channel, which is a standard compliance requirement. Any reduction in promoter holding, once quantified in subsequent filings, will be a relevant data point for shareholders observing the ownership structure of the company.
Sector / Market Context
India's copper processing and non-ferrous metals sector has seen increased regulatory scrutiny of insider transactions in recent years, consistent with SEBI's broader push to strengthen market integrity through timely and standardised disclosures. SEBI's PIT Regulations, last significantly amended in 2019, require all listed companies to maintain structured digital databases of designated persons and ensure prompt reporting of trades. The metals and mining segment, which includes copper processing companies, remains subject to these same disclosure standards as part of the wider listed-company compliance framework in India.