Nature of the Event

Regulatory disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding acquisition of equity shares of a listed entity (Sterlite Technologies Limited) through stock exchange.

Key Quantitative Figures

  • Number of shares acquired: 439,848 equity shares
  • Percentage of shareholding acquired: 0.09%
  • Total cost of acquisition: ₹38.72 crore
  • Acquisition date: October 19, 2026 at 3:30 PM

Target Entity Financials (as of March 31, 2026)

  • Turnover: ₹2,446 crore
  • PAT: ₹2 crore
  • Net worth: ₹1,526 crore

Historical Turnover of Target Entity

  • FY 2025-2026: ₹2,446 crore
  • FY 2024-2025: ₹2,215 crore
  • FY 2023-2024: ₹3,952 crore

Transaction Details

  • Nature of consideration: Cash consideration
  • Acquisition method: Through stock exchange
  • Transaction completed: Yes (occurred on October 19, 2026)
  • No governmental or regulatory approvals required

Corporate Relationships

  • Does not fall within Related Party Transaction(s): No
  • Promoter/promoter group/group companies have no interest in acquired entity: No
  • Transaction conducted at arm's length: Yes

Business Background of Acquired Entity

  • Industry: Telecom - Equipment & Accessories
  • Date of incorporation: March 24, 2000
  • Primary business: Manufacturing and supply of telecom products and providing digital and technology solutions
  • Manufacturing operations: 9 facilities across India, Italy, United States of America, and China
  • Products: Optical fibres, optical fibre cables, specialty cables, and optical connectivity products
  • Country presence: India

Purpose and Impact

  • The shares were acquired as part of Maithan Alloys Limited's investment strategy 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 Sterlite Technologies Limited
  • The acquisition is outside the main line of business of Maithan Alloys Limited

Disclosure Information

  • Regulatory reference: SEBI (LODR) Regulations, 2015 Regulation 30 and Schedule III
  • SEBI Master Circular reference: HO/49/74/U(2025-CFD-POD2/1/3762/2026 updated on January 30, 2026
  • Reason for delayed submission (October 22 instead of October 19): Ongoing Durga Puja holidays in West Bengal until October 21, 2026
  • Information source for target entity: Sterlite Technologies' website, Annual Report for FY 25-26, and BSE website

Additional Information

  • The disclosure was submitted to:
  • National Stock Exchange of India Ltd.
  • BSE Limited
  • The Calcutta Stock Exchange Limited
  • Document signed by: Rajesh K. Shah, Company Secretary
  • Digital signature timestamp: October 22, 2026, 12:44:20 +05:30