Maithan Alloys Limited has made a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO / 49 /-14/ 1,4(7)2025-CFD-POD2/I/ 3762/ 2026, regarding the acquisition of equity shares in a listed entity, ESDS Software Solution Limited, through the stock exchange.

The disclosure was triggered as the acquisition crossed the threshold limit prescribed under the regulations. The event of acquisition occurred on October 8, 2026, at 3:30 PM. The company became aware of the detailed particulars of this acquisition on October 9, 2026, at 10:12 AM.

Details of the Acquisition

  • Target Entity: ESDS Software Solution Limited
  • Number of Shares Acquired: 128,155 equity shares
  • Percentage of Shareholding Acquired: 0.11%
  • Total Cost of Acquisition: ₹18.15 Crore
  • Date of Acquisition: October 8, 2026
  • Nature of Consideration: Cash Consideration
  • Purpose/Rationale: The shares form part of the company's investment portfolio with a view to reap long-term/short-term investment benefits. Maithan Alloys Limited explicitly states it does not intend to acquire control, whether directly or indirectly, of the management of ESDS.

Transaction Details

  • Related Party Transaction: No
  • Promoter/Promoter Group Interest in ESDS: No
  • Arms Length Transaction: Yes
  • Governmental/Regulatory Approvals Required: None
  • Status of Acquisition: Completed as of October 8, 2026.

Details of the Acquired Entity (ESDS Software Solution Limited)

  • Industry: IT Enabled Services
  • Business Description: An AI-enabled end-to-end IT service provider with over two decades of experience in building and managing IT infrastructure. The company provides data center, cloud, colocation, managed services, and AI infrastructure solutions for Governments, PSUs, BFSI Institutions, and Enterprises.
  • Date of Incorporation: August 18, 2005
  • Country of Presence: India
  • Financial Snapshot (as of March 31, 2026):
  • Turnover: ₹378 Crore
  • Profit After Tax (PAT): ₹62 Crore
  • Net Worth: ₹520 Crore
  • Historical Turnover:
  • FY 2025-26: ₹378 Crore
  • FY 2024-25: ₹357 Crore
  • FY 2023-24: ₹281 Crore

Additional Information

The information relating to ESDS Software Solution Limited has been obtained from its website, its Annual Report for FY 25-26, and the BSE website.