Maithan Alloys Limited

Nature of the Disclosure

Regulatory disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding acquisition of equity shares of a listed entity through stock exchange. The disclosure was triggered by threshold limit requirements under SEBI (LODR) Regulations.

Key Quantitative Figures

  • Number of shares acquired: 3,401 equity shares
  • Percentage of shareholding: 0.003%
  • Total cost of acquisition: ₹0.42 crore
  • Acquisition date: November 12, 2026 at 3:30 PM
  • Company awareness date: November 13, 2026 at 12:01 PM

Target Entity Financials (as of March 31, 2026)

  • Turnover: ₹378 crore
  • PAT: ₹62 crore
  • Networth: ₹520 crore

Historical Turnover of ESDS Software Solution Limited

  • 2025-2026: ₹378 crore
  • 2024-2025: ₹357 crore
  • 2023-2024: ₹281 crore

Transaction Details

  • Nature of consideration: Cash consideration
  • Acquisition method: Through stock exchange
  • Transaction type: Arm's length transaction
  • Related party transaction: No
  • Promoter/promoter group interest: None
  • Governmental/regulatory approvals required: None
  • Completion status: Acquisition completed on November 12, 2026

Target Entity Background

  • Industry: IT Enabled Services
  • Date of incorporation: August 18, 2005
  • 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, PSUs, BFSI Institutions and Enterprises. Infrastructure supports workloads across banking, public services, manufacturing, healthcare, retail, energy, logistics and other sectors.
  • Geographic presence: India

Purpose 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. The company explicitly states it does not intend to acquire control, whether directly or indirectly, of the management of the target entity.

Additional Information

Information relating to the target entity was obtained from its website, Annual Report for FY 25-26, and BSE website.