The present invention provides a pressure reducing valve. The pressure reduction valve includes a main body, an inlet, an outlet, a stem, a main seat, a pilot diaphragm, a main head, and a control spring. The pressure reduction valve includes additional auxiliary seats with corresponding auxiliary heads and displacement members/surfaces. The pressure reduction valve additional includes auxiliary seats with corresponding auxiliary heads and displacement members/surfaces enables stage wise opening of the secondary seats and the main seat. This enables to meet highly varying media flow demands using single pressure reduction valve, having less hunting effect and eliminating use of multiple pressure reduction valves.