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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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)