Maithan Alloys Limited

Acquisition Details

Target Entity: ESDS Software Solution Limited

Transaction Summary:

  • Date of Acquisition: 9th September, 2026
  • Number of Shares Acquired: 75,160 equity shares
  • Percentage of Shareholding Acquired: 0.06%
  • Total Cost of Acquisition: ₹10.83 Crore
  • Nature of Consideration: Cash
  • Mode of Acquisition: Acquired through the stock exchange

Financials of Target Entity (as of 31.03.2026):

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

Transaction Rationale and Impact

Purpose: The shares were acquired through the stock exchange and form part of the investment portfolio of Maithan Alloys Limited with a view to reap long-term/short-term investment benefits.

Control: Maithan Alloys Limited explicitly states it does not intend to acquire control, whether directly or indirectly, of the management of ESDS Software Solution Limited.

Related Party Status: The acquisition is not a Related Party Transaction.

Promoter/Group Interest: Promoter/promoter group/group companies of Maithan Alloys have no interest in ESDS Software Solution Limited.

Arms-Length: The transaction was conducted at "arms length."

Governmental/Regulatory Approvals: No governmental or regulatory approvals were required for this acquisition.

Completion Status: The acquisition was completed on the event date, 9th September, 2026.

Background on Acquired Entity

Industry: IT Enabled Services

Business Description: ESDS Software Solution Limited is 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 and PSUs, BFSI Institutions, and Enterprises. Its infrastructure supports workloads across banking, public services, manufacturing, healthcare, retail, energy, logistics, and other sectors.

Date of Incorporation: August 18, 2005

Historical Turnover:

  • FY 2025-2026: ₹378 Crore
  • FY 2024-2025: ₹357 Crore
  • FY 2023-2024: ₹281 Crore

Geographic Presence: India

Additional Information

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