Date of Acquisition: September 10, 2026, at 3:30 P.M.
Date Company Became Aware: September 11, 2026, at 10:47 A.M.
Number of Shares Acquired: 760,548 equity shares
Percentage of Shareholding Acquired: 0.65%
Total Cost of Acquisition: ₹113.37 Crore
Mode of Acquisition: Acquired through the stock exchange
Nature of Consideration: Cash consideration
Transaction Status: Acquisition is completed.
Rationale and Impact
The acquisition forms part of the investment portfolio of Maithan Alloys Limited with a view to reap 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 ESDS Software Solution Limited.
The transaction is not a Related Party Transaction.
Promoter/promoter group/group companies of Maithan Alloys have no interest in ESDS.
The transaction was conducted at "arm's length."
No governmental or regulatory approvals were required for this acquisition.
Financial Profile of Target Entity (ESDS Software Solution Limited)
As of March 31, 2026:
Turnover: ₹378 Crore
Profit After Tax (PAT): ₹62 Crore
Networth: ₹520 Crore
Turnover History:
FY 2025-2026: ₹378 Crore
FY 2024-2025: ₹357 Crore
FY 2023-2024: ₹281 Crore
Business Background of Target Entity
ESDS Software Solution Limited is an AI-enabled end-to-end IT service provider.
Date of Incorporation: August 18, 2005.
Line of Business: Provides data center, cloud, colocation, managed services, and AI infrastructure solutions for Governments, PSUs, BFSI Institutions, and Enterprises.
Its infrastructure supports workloads across banking, public services, manufacturing, healthcare, retail, energy, logistics, and other sectors.
Geographic Presence: India.
Industry Classification: IT Enabled Services.
Additional Information
The information relating to ESDS was obtained from its website, its Annual Report for FY 25-26, and the BSE website.
