Maithan Alloys Limited

Event Details

  • Event Date: October 16, 2026 at 3:30 PM
  • Company Awareness Date: October 17, 2026 at 7:02 AM
  • Disclosure Submission Date: October 17, 2026

Acquisition Details

  • Target Entity: Sterlite Technologies Limited
  • Shares Acquired: 228,000 equity shares
  • Percentage Holding Acquired: 0.04% of shareholding
  • Total Acquisition Cost: ₹19.97 crore
  • Acquisition Date: October 16, 2026
  • Method of Acquisition: Through stock exchange
  • Consideration Type: Cash consideration
  • Transaction Status: Acquisition has been completed

Target Company Information

  • Industry: Telecom Equipment & Accessories
  • Date of Incorporation: March 24, 2000
  • Country of Presence: India
  • Financial Performance (as at March 31, 2026):
  • Turnover: ₹2,446 crore
  • PAT: ₹2 crore
  • Networth: ₹1,526 crore
  • Historical Turnover:
  • 2025-2026: ₹2,446 crore
  • 2024-2025: ₹2,215 crore
  • 2023-2024: ₹3,952 crore

Business Description of Target

Sterlite Technologies Limited's operations primarily relate to manufacturing and supply of telecom products and providing digital and technology solutions. The company including its wholly owned subsidiaries conducts integrated manufacturing operations through 9 manufacturing facilities located in India, Italy, the United States of America, and China to produce:

  • Optical fibres
  • Optical fibre cables and specialty cables
  • Optical connectivity products

Transaction Rationale and Impact

The shares were acquired through the stock exchange and form part of the investment of Maithan Alloys Limited 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.

Regulatory and Compliance Aspects

  • Related Party Transaction: No
  • Promoter/Promoter Group Interest: No
  • Arms Length Transaction: Yes
  • Governmental/Regulatory Approvals Required: None
  • Information Source: Data obtained from Sterlite Technologies' website, Annual Report for FY 25-26, and BSE website

Company Authentication

The disclosure is digitally signed by Rajesh K. Shah, Company Secretary of Maithan Alloys Limited, on October 17, 2026 at 12:33:43 +05:30.