NSEOthers18h ago · 14 Oct 2026, 12:51 pm
Others
Maithan Alloys Limited · MAITHANALL
✦ AI Summaryacquisition
Maithan Alloys Limited has informed the Exchange about Acquisition of Equity Shares through Stock Exchange. The acquisition of 780,000 shares of HFCL Limited was completed on October 13, 2026, at a total cost of Rs. 20.00 Crore. The acquisition was done at an arm's length and does not intend to acquire control of the management of HFCL Limited.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Maithan Alloys Limited has informed the Exchange about Acquisition of Equity Shares through Stock Exchange.
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MAITHANALL_14102026125134_HFCL13102026.pdf
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maithan alloys ltd
ISO 900'l : 20l6COIIPAIY
Registered Office : ldeal Centre, 4th Floor
9, A.J.C. Bose Road, Kolkata - 700 017
T (033) 4063 2393
E oflice@maithanalloYs.com
*, #ffi,Bil!33",'3#","#
14th October, 2026
Secretary
The Listing Department
Limited
The Calcutta Stock Exchange National Stock Exchange of India Ltd.
Range
7, Lyons Exchange P1aza, Bandra-Kurla Complex,
Kolkata 700 Bandra (E), Mumbai - 400 051
10023915
Scrip code: Scrip code: MAITHANALL
Sub: Acquisition
Dear Sir/Madam,
We enclose herewith the details required under Regulation 30 of Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 [SEBI
(LODR), 20151 read with Schedule III of the said Regulations and SEBI Master Circular No.
HO / 49 / 1,4/ 1,4(7)2025-CFD-POD2/ I/ 3762/ 2026 as updated on 306 Jantary,2026 tn respect of
acquisition of equity shares of a listed entity [HFCL Limited] through Stock Exchange.
The disclosure has been submitted consequent upon triggering of threshold lirnit as
prescribed under Regulation 30 of SEBi (LODR), 2015.
The event has occurred on 13tn October,2026 at 3:30 P.M. and Company became aware of
detailed particulars w.r.t. acquisition of shares on 14h October,2026 at 09:14 A.M.
This is for your information and records.
Thanking you,
Yours faithfully,
For Maithan Alloys Limited
Rajesh K. Shah
Company Secretary
cc: The Corporate Relationship Department
BSE Limited
Rotunda Building, P.J. Towers
Dalal Street, Fort, Mumbai- 400 001
Scrip Code: 590078
Works : 9311- 1 : P.O. Kalyaneshwari- 713 369. Dist. Paschim Bardhaman (West Bengal)
Unit - lll : Plot No. 42 & 43, APSEZ, P.O. Atchutapuram, Dist. Visakhapatnam - 531 011 (Andhra Pradesh)
Unit-lV:APllCGrowthCentre,Bobbili,Vizianagaram-535558(AndhraPradesh)
maithan alloys
ISO 90Ol : 20'15 COMPANY
Registered Office : ldeal Centre, 4th Floor
9 A.J.C. Bose Road, Kolkata - 700 017
T (033) 4063 2393
E office@maithanalloYs com
W www maith a na lloYS. corn
clN : L27101W81 985PLC039503
Name ofthe target entity HFCL Limited
Details in briefsuch as size, tumover etc. AS AT 31.03.2026
Turnover Rs.4528 Crore
PAT Rs.253 Crore
Networth P.s. 4727 Crcte
Whether the acquisition would fall wilhin Related No
Party Transaction(s)?
Whether the promoter/ promoter goup/ goup No
companies have any interest in the entity being
acquired?
lfyes, Nature of interest and details thereof Not Applicable
Whether the same is done at "arms length"? Yes
Industry to which the entity being acquired belongs Telecom - Infrastructure
Objects and impact of acquisition The shares were acquired through the stock exchange and
(including but not limited to, disclosure ofreasons form part of the investment of Maithan Alloys Limited with a
for acquisition of target entity, if its business is view to reap the long-term/short-term investment benefits.
oulside the main line of business of the listed
entity) Maithan Alloys Limited do not intend to acquire control,
whether directly or indirectly, of the management of the
Tarpet Entitv.
Brief details of any govemmental or regulatory No
aoorovals reouired for the acouisition
Indicative time period for completion of the The event occumed on 13ft October, 2026 and the acquisition
acquisition has been completed.
Nature of consideration- whether cash consideration Cash Consideration
or share swap or any other form and details of the
same
Cost ofacquisition or the price at which the shares Total Cost of acquisition is Rs. 20.00 Crore on l3h October,
are acquired (Total value) (Rs in Crore) 2026
Percentage ofshareholding / control acquired and 0.05% ofshareholding being 780000 shares were acquired on
/ or number ofshares acquiredi 13th october. 2026.
Brief background about the entity acquired in HFCL is a leading technology enterprise with operations in
terms of products/line of business acquired high end Telecom and Defence Equipment, Optical Fiber,
Optical Fiber Cables and Passive Connectivity Solutions
(through its subsidiary, HTL Limited) and also creating
digital networks for telcos, enterprises and govemments.
I1FCL also provides Engineering, Procurement and
Construction Services-
Date of incomoration Mav 11. 1987
History of last 3 years turnover Financial Year
lst Previous year tumover 2025-2026: Rs. 4528 Crore
2nd Previous year tumover 2024-2025: Rs. 3795 Crore
3'd Previous year tumover 2023-2024: Rs. 4075 Crore
Country in which the acquired entity has presence India
Any other significant information (in brie0 The information relating to the Target Entity has been obtained
from its website and Annual Report for FY 25-26 and BSE
website
Works:Unit-l :P,O. Kalyaneshnari -713369, Dist. Paschim Bardhaman (West Bengal)
Unit-lll : Plot No. 42 & 43, APSEZ, P.O. Atchutapuram, Dist. Visakhapatnam - 531 011 (Andhra Pradesh)
Unit - lV :APllC Growth Centre, Bobbiii, Vizianagaram -535 558 (Andhra Pradesh)