Maithan Alloys Limited
Maithan Alloys Limited submitted a regulatory disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the acquisition of equity shares in HFCL Limited through stock exchange purchases.
Acquisition Details
Target Entity: HFCL Limited
Date of Acquisition: October 6, 2026
Number of Shares Acquired: 397,251 equity shares
Percentage of Shareholding: 0.03%
Total Cost of Acquisition: ₹10.44 crore
Consideration Type: Cash consideration
Completion Status: Acquisition has been completed
Target Company Financials (as of March 31, 2026)
- Turnover: ₹4,528 crore
- PAT: ₹253 crore
- Networth: ₹4,727 crore
Historical Turnover of HFCL Limited
- 2025-2026: ₹4,528 crore
- 2024-2025: ₹3,795 crore
- 2023-2024: ₹4,075 crore
Transaction Characteristics
- Related Party Transaction: No
- Promoter/Promoter Group Interest: No
- Arms Length Transaction: Yes
- Governmental/Regulatory Approvals Required: No
Business Background of HFCL Limited
Industry: Telecom - Infrastructure
Date of Incorporation: May 11, 1987
Operations: High-end Telecom and Defence Equipment, Optical Fiber, Optical Fiber Cables, Passive Connectivity Solutions (through subsidiary HTL Limited), digital networks for telcos, enterprises and governments, and Engineering, Procurement and Construction Services.
Geographic Presence: India
Investment Purpose and Impact
The shares were acquired through the stock exchange as part of Maithan Alloys Limited's investment portfolio with the objective of reaping long-term/short-term investment benefits. The company explicitly stated it does not intend to acquire control, whether directly or indirectly, of the management of HFCL Limited.
Source Information
The information regarding HFCL Limited was obtained from its website, Annual Report for FY 2025-26, and the BSE website.