Maithan Alloys Limited
Key Quantitative Figures
- Number of shares acquired: 765,000 equity shares
- Percentage of shareholding: 0.05% of HFCL Limited
- Total acquisition cost: ₹20.14 crore
- Acquisition date: October 12, 2026 at 3:30 PM
- Company awareness date: October 13, 2026 at 10:03 AM
Target Entity Details
HFCL Limited
- Incorporation date: May 11, 1987
- Business operations: High-end Telecom and Defence Equipment, Optical Fiber, Optical Fiber Cables, Passive Connectivity Solutions (through subsidiary HTL Limited), Digital Networks for telcos/enterprises/governments, Engineering, Procurement and Construction Services
- Financial position (as of March 31, 2026):
- Turnover: ₹4,528 crore
- PAT: ₹253 crore
- Net worth: ₹4,727 crore
- Historical turnover:
- FY 2025-2026: ₹4,528 crore
- FY 2024-2025: ₹3,795 crore
- FY 2023-2024: ₹4,015 crore
- Geographic presence: India
Transaction Details
- Nature of consideration: Cash consideration
- Execution method: Acquired through stock exchange
- Transaction type: Arm's length transaction
- Related party transaction: Not applicable
- Promoter/group company interest: No interest disclosed
- Regulatory approvals required: None required, acquisition already completed
- Time period for completion: Acquisition completed on transaction date (October 12, 2026)
Purpose and Impact
- Stated purpose: Investment with view to reap long-term/short-term investment benefits
- Control intention: Maithan Alloys explicitly states it does not intend to acquire control, whether directly or indirectly, of HFCL's management
- Business alignment: HFCL's business (telecom/defense) is outside Maithan Alloys' main line of business (metals/alloys)
Additional Information
- Source of target information: Obtained from HFCL's website, Annual Report for FY 25-26, and BSE website
- Disclosure preparation: Signed by Rajesh K. Shah, Company Secretary on October 13, 2026 at 11:40 AM IST
- Regulatory references: SEBI (LODR) Regulations, 2015; Regulation 30; Schedule III