Umiya Holding buys 1,750 MRO-Tek Networks shares, promoter stake rises to 38.85%

Umiya Holding Private Limited acquired 1,750 shares of MRO-Tek Networks on October 22, 2026, lifting its promoter holding to 38.85% from 38.84%, ScanX reported. The open-market purchase raised the acquirer's shares to 72,61,417 from 72,59,667, with total voting capital unchanged at 1,86,84,602.

Umiya Holding's Open-Market Purchase of MRO-Tek Shares

The transaction was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Umiya Holding Private Limited is classified as a member of the promoter group, and the mode of acquisition was recorded as an open market transaction.

The purchase moved the promoter group's stake by 0.01 percentage points against a total diluted share capital of 1,86,84,602. Total voting capital was unchanged before and after the transaction, which the disclosure records as a secondary market transfer rather than a fresh issuance or dilution event.

MRO-Tek Networks, formerly Umiya Buildcon, is a Bengaluru-based telecom and networking products company. Umiya Holding is the promoter group entity that carried out the purchase.

MRO-Tek's Listing and Operating Profile

MRO-Tek operates as a publicly listed entity on India's National Stock Exchange under the ticker MRO-TEK, according to akta.pro company records. The company has maintained continuous operations since its founding in 1984 with a headcount of 51-100 employees, the same records show.

MRO-Tek Realty is an India-based telecommunications and networking solutions provider headquartered in Bangalore, with a revenue estimate of $5 million-$10 million and a valuation estimate of $10 million-$50 million. C.S. Krishna Das is chief executive officer and Prabhugouda Biradar is chief technology officer.

Name Change and Data Center Switching Plans

Umiya Buildcon officially changed its name to MRO-TEK Networks in August 2026, The Times of India reported. Leadership said the return to the legacy identity reflected increased R&D investment and positioned the firm for growth in India's digital infrastructure.

In October 2026, MRO-TEK Networks CEO CS Krishnadas said the company will expand into data center switching and develop its own SONIC NOS, The Times of India reported. The firm's 100G products have over 60% local content and will soon attain Class-I status, and it plans security platforms around its NOS.