Maithan Alloys Limited
Event Details
- Event Date: 21st September, 2026 at 3:30 PM
- Company Awareness Date: 22nd September, 2026 at 10:06 AM
- Target Entity: ESDS Software Solution Limited
- Acquisition Method: Through stock exchange
- Consideration Type: Cash consideration
- Total Cost of Acquisition: ₹1.90 crore
- Shares Acquired: 11,730 equity shares
- Percentage Holding Acquired: 0.01%
- Completion Status: Acquisition completed on 21st September, 2026
Target Entity Information
- Industry: IT Enabled Services
- Business Description: AI-enabled end-to-end IT service provider with over two decades of experience in building and managing IT infrastructure. Provides data center, cloud, colocation, managed services and AI infrastructure solutions for Governments and PSUs, BFSI Institutions and Enterprises.
- Date of Incorporation: August 18, 2005
- Geographic Presence: India
Financial Information of ESDS (as of 31.03.2026)
- Turnover: ₹378 crore
- PAT: ₹62 crore
- Networth: ₹520 crore
Historical Turnover of ESDS
- 2025-2026: ₹378 crore
- 2024-2025: ₹357 crore
- 2023-2024: ₹281 crore
Transaction Rationale and Impact
- The shares were acquired as part of Maithan Alloys Limited's investment portfolio with a view to reap long-term/short-term investment benefits.
- Maithan Alloys Limited does not intend to acquire control, whether directly or indirectly, of the management of the Target Entity.
- The acquisition does not fall within Related Party Transactions.
- The promoter/promoter group/group companies have no interest in the entity being acquired.
- The transaction was conducted at arm's length.
Regulatory Approvals
- No governmental or regulatory approvals required for the acquisition.
Source of Information
Information relating to the Target Entity has been obtained from its website, Annual Report for FY 25-26, and BSE website.