Maithan Alloys Limited
Event Timeline
- Event occurred: October 8, 2026 at 3:30 PM
- Company became aware of detailed particulars: October 9, 2026 at 10:12 AM
- Disclosure submitted: October 9, 2026
Acquisition Details
Target Entity: HFCL Limited
Financial Investment Rationale: The shares were acquired through the stock exchange and form part of the investment of Maithan Alloys Limited 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 HFCL Limited.
Transaction Specifics:
- Acquisition Date: October 8, 2026
- Number of Shares Acquired: 1,125,000 equity shares
- Percentage of Shareholding: 0.07%
- Total Cost of Acquisition: ₹29.72 crore
- Consideration Type: Cash consideration
- Transaction Status: Completed
Target Company Background:
HFCL Limited is a leading technology enterprise with operations in:
- High end Telecom and Defence Equipment
- Optical Fiber, Optical Fiber Cables
- Passive Connectivity Solutions (through subsidiary HTL Limited)
- Creating digital networks for telcos, enterprises and governments
- Engineering, Procurement and Construction Services
HFCL Financial Performance (Turnover):
- FY 2025-2026: ₹4,528 crore
- FY 2024-2025: ₹3,795 crore
- FY 2023-2024: ₹4,075 crore
Additional HFCL Financials (as of March 31, 2026):
- Net Worth: ₹4,727 crore
- PAT: ₹253 crore
Corporate Details of HFCL:
- Date of Incorporation: May 11, 1987
- Country of Presence: India
- Information Source: HFCL website, Annual Report for FY 25-26, and BSE website
Transaction Characteristics
- Related Party Transaction: No
- Promoter/Promoter Group/Group Companies Interest: No
- Arms-Length Transaction: Yes
- Governmental/Regulatory Approvals Required: None
- Industry Classification: Telecom - Infrastructure
Additional Information
The information relating to HFCL Limited has been obtained from its website, Annual Report for FY 25-26, and BSE website.