Maithan Alloys Limited

Nature of the Event

Regulatory disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding acquisition of equity shares of HFCL Limited through stock exchange, triggered by threshold limit breach.

Key Transaction Details

  • Date of Acquisition: October 9, 2026 at 3:30 PM
  • Company Awareness Date: October 10, 2026 at 11:55 AM
  • Number of Shares Acquired: 1,584,000 equity shares
  • Percentage of Shareholding: 0.10%
  • Total Cost of Acquisition: ₹40.61 crore
  • Nature of Consideration: Cash consideration
  • Transaction Mode: Stock exchange

Target Entity Information

HFCL Limited

  • Industry: Telecom - Infrastructure
  • Date of Incorporation: May 11, 1987
  • Country of Presence: India
  • Business Description: Leading technology enterprise with operations in high-end Telecom and Defence Equipment, Optical Fiber, Optical Fiber Cables and Passive Connectivity Solutions (through subsidiary HTL Limited). Provides digital networks for telcos, enterprises and governments, and Engineering, Procurement and Construction Services.

Financial Performance of HFCL Limited

As at March 31, 2026:

  • Turnover: ₹4,528 crore
  • PAT: ₹253 crore
  • Networth: ₹4,727 crore

Historical Turnover:

  • FY 2025-2026: ₹4,528 crore
  • FY 2024-2025: ₹3,795 crore
  • FY 2023-2024: ₹4,075 crore

Transaction Rationale and Impact

  • Purpose: Forms part of Maithan Alloys Limited's investment portfolio with view to reap long-term/short-term investment benefits
  • Control Intention: Maithan Alloys Limited does not intend to acquire control, whether directly or indirectly, of the management of HFCL Limited
  • Related Party Status: Not a related party transaction
  • Promoter Interest: No interest from promoter/promoter group/group companies in the acquired entity
  • Arm's Length: Transaction executed at arm's length

Regulatory Approvals and Timeline

  • Governmental/Regulatory Approvals: None required
  • Completion Status: Acquisition completed on October 9, 2026
  • Information Source: Data obtained from HFCL's website, Annual Report for FY 25-26, and BSE website