Maithan Alloys Acquires 0.03% Stake in HFCL for ₹10.44 Crore

Maithan Alloys Limited has acquired 397,251 equity shares, representing 0.03% of the total shareholding, in HFCL Limited through the stock exchange. The total cost of this acquisition was ₹10.44 Crore, completed on October 6, 2026. This acquisition is part of Maithan Alloys' investment strategy for long-term/short-term benefits, and the company does not intend to gain control of HFCL's management. HFCL Limited operates in the Telecom - Infrastructure sector, with a turnover of ₹4528 Crore and PAT of ₹253 Crore as of March 31, 2026. The acquisition was conducted at arm's length and did not involve related parties.